Unique Vernon Property with
For Sale
Contact for pricing
4722 Everett Ave, Vernon, CA 90058
Versatile property in Vernon, suitable for various commercial uses.
Property Size55,331 SF
Price / SF$298.21
Days on Market175
Property Features for 4722 Everett Ave
General Information
Standard status
Active
Size
55,331 SF
Property subtype
Industrial, Mixed Use
Zoning
I
Building Details
Year Built
1929
Buildings
3
Stories
2
Listing Agency:
Newmark | Los Angeles - South Bay
(310) 491-2003
Listed By:
Jeff Sanita · License #01242202
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 11 at 3:34PM
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 Newmark | Los Angeles - South Bay
Investment Insights
Based on property information with market context.
This unique property, located in the City of Vernon, presents a range of possibilities, including use as an event space, art gallery or museum, studio, creative office, showroom, or commercial kitchen. The property features exposed bow truss ceilings. Seismic retrofitting has been completed. The site includes three buildings and two large, fully secured lots. The entire property is air-conditioned. The property size is 55331 square feet.
Key Highlights
- Unique trophy property designed by Mr. Chow.
- Potential event space, art gallery/museum, studio, creative office, showroom, or commercial kitchen.
- Three buildings on two large, fully secured lots.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,209,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$24,189,820
$24.2M
Cap Rate 7%
$17,278,443
$17.3M
Cap Rate 9%
$13,438,789
$13.4M
Market Conditions
NOI Build-Up for 55,331 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.12M $38.40/SF
− Vacancy
−$512.1K −$9.25/SF
EGI
$1.61M $29.15/SF
− OpEx
−$403.2K −$7.29/SF
NOI
$1.21M $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$24,189,820
Cap Rate 7%
$17,278,443
Cap Rate 9%
$13,438,789
Alternative Uses
Best Use
Office B
$17.28M
$15.12M – $20.16M
NOI $1,209,491 @ 7.0% cap · market cap 7.33%
Second Best
Mixed Use
$16.01M
$14.01M – $18.67M
NOI $1,120,453 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$29.62M
$25.92M – $34.56M
NOI $2,073,680 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property in Vernon, suitable for various commercial uses.
Where is this mixed-use property located?
The property is located at 4722 Everett Ave Vernon, CA.
What is the asking price?
The asking price for this property is $16,500,000.
What are key features of this property?
This property features: Unique trophy property designed by Mr. Chow.; Potential event space, art gallery/museum, studio, creative office, showroom, or commercial kitchen.; Three buildings on two large, fully secured lots.
