Mixed-Use Property with Retail
For Sale
$3,595,000
5151 S Vermont Avenue, Los Angeles, CA 90037
Street-level commercial suites and upper-floor apartments occupy two brick buildings with gated on-site parking.
Property Size18,956 SF
Lot Size0.40 Acres
Price / SF$189.65
Days on Market109
Property Features for 5151 S Vermont Avenue
General Information
Standard status
Active
Size
18,956 SF
Total Parking Spaces
26
Lot size
0.40 Acres
Property subtype
Mixed Use
Zoning
C2- 1VL-CPIO
Occupancy
100%
Net Operating Income
$221,152
Financials
Asking Price
$3,595,000
Cap Rate
6.15%
Average Monthly Rent
$1,251
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
14
Amenities
gated surface lot
Building Details
Building Size
18,956 SF
Year Built
1924
Buildings
2
Construction
brick
Tenancy
Multi
Listing Agency:
Global Platinum Properties, Inc.
(310) 666-2246
Listed By:
Armin Soleimani · License #01846872
Source:
Archetyperealty
Added: May 13
Changed: Aug 29
Last Checked: Aug 29 at 5:01PM
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 Global Platinum Properties, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes 18,956 square feet of improvements within two brick buildings constructed in 1924. The configuration combines seven street-facing retail spaces at grade with fourteen apartments above, supported by a gated surface lot containing 26 parking spaces. A new electrical upgrade was completed in 2026.
The asset occupies three contiguous lots at the corner of Vermont Avenue and West 51st Place in Los Angeles. The 17,280 SF site is designated C2- 1VL-CPIO and falls within a Tier 3 Transit Oriented Communities zone. The property is 100% physically occupied, while the residential schedule reflects average in-place rent of $1,251 compared with $1,821 market rent. The zoning framework supports, by right, a development program of up to 150 units.
The asset occupies three contiguous lots at the corner of Vermont Avenue and West 51st Place in Los Angeles. The 17,280 SF site is designated C2- 1VL-CPIO and falls within a Tier 3 Transit Oriented Communities zone. The property is 100% physically occupied, while the residential schedule reflects average in-place rent of $1,251 compared with $1,821 market rent. The zoning framework supports, by right, a development program of up to 150 units.
Key Highlights
- 21‑unit mixed‑use property with 18,956 square feet of improvements
- Seven street‑front retail spaces and 14 apartments across two 1924 brick buildings
- Gated 26‑space surface lot on three contiguous 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
$281,493
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
7.83%
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%
$5,629,860
$5.6M
Cap Rate 7%
$4,021,329
$4.0M
Cap Rate 9%
$3,127,700
$3.1M
Market Conditions
NOI Build-Up for 18,956 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
$515.4K $27.19/SF
− Vacancy
−$3.6K −$0.19/SF
EGI
$511.8K $27.00/SF
− OpEx
−$230.3K −$12.15/SF
NOI
$281.5K $14.85/SF
Area
ZIP 90037
Vacancy
0.70%
Lease Rate
$27.19 /SF/Yr
Expense Ratio
45.00%
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%
$5,629,860
Cap Rate 7%
$4,021,329
Cap Rate 9%
$3,127,700
Alternative Uses
Best Use
Retail
$6.61M
$5.79M – $7.72M
NOI $462,993 @ 7.0% cap · market cap 12.88%
Second Best
Mixed Use
$5.48M
$4.80M – $6.40M
NOI $383,859 @ 7.0% cap · market cap 10.68%
Theoretical Best
Office A
$7.43M
$6.50M – $8.67M
NOI $519,935 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 90037, CA
63,706
Population
18,709
Households
3.4
Avg Household Size
33
Median Age
9%
College-Educated
54%
High-School Grad
2.9 sq mi
ZIP Area
21,968
Density / Sq Mi
$56,417
Median Household Income
$29,857
Median Earnings
$1,438
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial suites and upper-floor apartments occupy two brick buildings with gated on-site parking.
Where is this mixed-use property located?
The property is located at 5151 S Vermont Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 21‑unit mixed‑use property with 18,956 square feet of improvements; Seven street‑front retail spaces and 14 apartments across two 1924 brick buildings; Gated 26‑space surface lot on three contiguous lots
