Mixed-Use Property with Streetfront
For Sale
$3,595,000
5161 S Vermont Ave, Los Angeles, CA 90037
Combines street-front retail spaces, apartments, and gated parking at a signalized hard corner.
Property Size18,906 SF
Lot Size0.40 Acres
Price / SF$189.65
Days on Market123
Property Features for 5161 S Vermont Ave
General Information
Standard status
Active
Size
18,906 SF
Total Parking Spaces
26
Lot size
0.40 Acres
Property subtype
MULTI_FAMILY
Zoning
C2
Occupancy
97%
Financials
Asking Price
$3,595,000
Cap Rate
6.15%
Gross Rent Multiplier
10.45
Site & Location
Neighborhood
Vermont Square
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
14
Building Details
Building Size
18,906 SF
Year Built
1922
Tenancy
Multi
Listing Agency:
Global Platinum Properties, Inc.
Listed By:
Julio Ruiz · License #01911261
(818) 524-0706
Source:
Jademillsestates
Added: Jul 2
Changed: Oct 31
Last Checked: Oct 30 at 11:20PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at the hard corner of Vermont Ave and 51st Pl, this mixed-use property contains 7 street-front retail spaces and 14 apartments totaling 18,956 SF. The improvements were built in 1922 and occupy a 17,280 SF C2 triple lot. The property includes 26 gated parking spaces and is 97% occupied.
The site is steps from Exposition Park and the 2028 Olympic venues. It carries TOC Tier 3 designation and AB 2011/SB 35 eligibility, providing documented redevelopment considerations alongside the existing commercial and residential improvements. Current performance is reported at a 6.15% cap rate and 10.45 GRM.
The site is steps from Exposition Park and the 2028 Olympic venues. It carries TOC Tier 3 designation and AB 2011/SB 35 eligibility, providing documented redevelopment considerations alongside the existing commercial and residential improvements. Current performance is reported at a 6.15% cap rate and 10.45 GRM.
Key Highlights
- 7 street‑front retail spaces and 14 apartments totaling 18,956 SF
- 17,280 SF C2 triple lot at Vermont Ave and 51st Pl
- 97% occupied with 26 gated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,493
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14
Residential units
97%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines street-front retail spaces, apartments, and gated parking at a signalized hard corner.
Where is this mixed-use property located?
The property is located at 5161 S Vermont Ave 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: 7 street‑front retail spaces and 14 apartments totaling 18,956 SF; 17,280 SF C2 triple lot at Vermont Ave and 51st Pl; 97% occupied with 26 gated parking spaces
