Mixed-Use Apartment and Retail
For Sale
$4,500,000
1303 S Vermont, Los Angeles, CA 90006
Los Angeles, CA
Property Size17,624 SF
Lot Size0.28 Acres
Price / SF$255.33
Days on Market14
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Property Features for 1303 S Vermont
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Rooms
Bedroom 1
Lot features
21-25 Units/ Acre
Directions
Pico Blvd/Vermont Ave.
Subdivision
C16 - Mid Los Angeles
Standard status
Active
APN
5075001001
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1922
Floors in Building
2
Number of units
16
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Kevin Cooper · License #01203855
(562) 618-8202
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 2:06PM
MLS# PW26223742
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 1303 S Vermont Ave., this 17,624-square-foot mixed-use building contains 16 apartment units and seven commercial spaces. The residential units are each configured as one bedroom and one bathroom. Commercial occupants include a restaurant, beer bar, retail businesses, an importer, a tortilleria, and a religious store. The building dates to 1922 and has separate gas and electric meters.
The property sits at Pico Boulevard and Vermont Avenue in Los Angeles, with access to the 10 and 110 freeways. Shops, restaurants, and other amenities are nearby. Public water and sewer serve the site.
The property sits at Pico Boulevard and Vermont Avenue in Los Angeles, with access to the 10 and 110 freeways. Shops, restaurants, and other amenities are nearby. Public water and sewer serve the site.
Key Highlights
- 17,624‑square‑foot building on a 0.278‑acre lot
- 16 one‑bedroom, one‑bath apartment units
- Seven commercial spaces with a mix of existing businesses
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
Specialty Retail
$6.82M
$5.97M – $7.96M
NOI $477,301 @ 7.0% cap · market cap 10.61%
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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines apartment residences with seven commercial spaces serving a range of existing businesses.
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 on a 0.278‑acre lot; 16 one‑bedroom, one‑bath apartment units; Seven commercial spaces with a mix of existing businesses
