Mixed-Use
For Sale
$4,500,000
1303 S Vermont, Los Angeles, CA 90006
The property brings together 16 apartments and seven commercial spaces, with separate gas and electric metering.
Property Size17,624 SF
Price / SF$255.33
Days on Market15
Property Features for 1303 S Vermont
General Information
Standard status
Active
Size
17,624 SF
Property subtype
MULTI_FAMILY
Financials
Cap Rate
7.77%
Gross Rent Multiplier
8.4
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
15 x 1BR/1BA
Multifamily Units
16
Building Details
Building Size
17,624 SF
Year Built
1922
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty of California Inc
Listed By:
Kevin Cooper · License #01203855
(916) 812-4432
Source:
Milsteinestates
Added: Oct 2
Changed: Oct 16
Last Checked: Oct 16 at 12:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
At the Pico Boulevard and Vermont Avenue intersection, this 17,624-square-foot mixed-use building dates to 1922. Its 23 spaces comprise 16 apartments—15 with one bedroom and one bathroom—and seven commercial spaces. The commercial mix includes a restaurant, beer bar, two retail spaces, an importer, a tortilleria, and a religious store. Gas and electricity are separately metered.
The property is a few minutes from Downtown Los Angeles and has access to the 10 and 110 freeways. Shops, restaurants, and other amenities are nearby. Reported operating metrics are a 7.77% cap rate and an 8.4 GRM.
The property is a few minutes from Downtown Los Angeles and has access to the 10 and 110 freeways. Shops, restaurants, and other amenities are nearby. Reported operating metrics are a 7.77% cap rate and an 8.4 GRM.
Key Highlights
- 17,624‑square‑foot building completed in 1922
- 16 apartments and 7 commercial spaces
- Apartment mix includes 15 one‑bedroom, one‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$409,003
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,180,060
$8.2M
Cap Rate 7%
$5,842,900
$5.8M
Cap Rate 9%
$4,544,478
$4.5M
Market Conditions
NOI Build-Up for 17,624 SF
Gross rent
$651.4K $36.96/SF
− Vacancy
−$67.1K −$3.81/SF
EGI
$584.3K $33.15/SF
− OpEx
−$175.3K −$9.95/SF
NOI
$409.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,180,060
Cap Rate 7%
$5,842,900
Cap Rate 9%
$4,544,478
Alternative Uses
Best Use
Apartment 5plus
$311.58M
$272.63M – $363.51M
NOI $21,810,653 @ 7.0% cap · market cap 484.68%
Second Best
Retail
$5.84M
$5.11M – $6.82M
NOI $409,003 @ 7.0% cap · market cap 9.09%
Theoretical Best
Multifamily LT 5
$357.05M
$312.42M – $416.56M
NOI $24,993,616 @ 7.0% cap · market cap 555.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property brings together 16 apartments and seven commercial spaces, with separate gas and electric metering.
Where is this mixed-use property located?
The property is located at 1303 S Vermont Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 17,624‑square‑foot building completed in 1922; 16 apartments and 7 commercial spaces; Apartment mix includes 15 one‑bedroom, one‑bathroom units
