Leased Koreatown Storefront
1508 S Vermont, Los Angeles, CA 90006
For Sale
$2,190,000
Fully leased retail asset positioned within Los Angeles’s Koreatown and Mid-Wilshire commercial district.
Property Size3,334 SF
Days on Market97
Property Features for 1508 S Vermont
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Beverly and Company, Inc.
Listed By:
Marlene Cagatao · License #01034163
(818) 450-9704
Source:
Archetyperealty
Added: Aug 5
Changed: Nov 5
Last Checked: Nov 8 at 3:00PM
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 Beverly and Company, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property is fully leased and dates to 1956. The asset is positioned for retail use within a commercially active portion of Los Angeles, with the property information identifying both Koreatown and the broader Mid-Wilshire area. The address is 1508 S Vermont, Los Angeles, CA 90006.
Transportation access is supported by strong pedestrian, bicycle, and transit ratings. The property carries a Walk Score of 92, a Bike Score of 78, and a Transit Score of 100, providing clear context for its urban setting and connectivity. Additional permitting and unit details are not included here because the source information presents conflicting descriptions.
Transportation access is supported by strong pedestrian, bicycle, and transit ratings. The property carries a Walk Score of 92, a Bike Score of 78, and a Transit Score of 100, providing clear context for its urban setting and connectivity. Additional permitting and unit details are not included here because the source information presents conflicting descriptions.
Key Highlights
- Fully leased storefront property
- Located at 1508 S Vermont, Los Angeles, CA 90006
- Situated in Koreatown within the Mid‑Wilshire area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,373
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,460
$1.5M
Cap Rate 7%
$1,105,329
$1.1M
Cap Rate 9%
$859,700
$859.7K
Market Conditions
NOI Build-Up for 3,334 SF
Gross rent
$123.2K $36.96/SF
− Vacancy
−$12.7K −$3.81/SF
EGI
$110.5K $33.15/SF
− OpEx
−$33.2K −$9.95/SF
NOI
$77.4K $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%
$1,547,460
Cap Rate 7%
$1,105,329
Cap Rate 9%
$859,700
Alternative Uses
Best Use
Retail
$1.11M
$967.2K – $1.29M
NOI $77,373 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,439 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,991
Businesses Nearby
Under-served
Demand for This Use
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
$841,900
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Los Angeles, CA
Properties on Market for Storefront properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased retail asset positioned within Los Angeles’s Koreatown and Mid-Wilshire commercial district.
Where is this storefront property located?
The property is located at 1508 S Vermont Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Fully leased storefront property; Located at 1508 S Vermont, Los Angeles, CA 90006; Situated in Koreatown within the Mid‑Wilshire area
