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 Market77
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
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: Aug 16
Last Checked: Sep 15 at 9:03AM
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.
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 = 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
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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
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Market
Vacancy Rate% for Multifamily in West region
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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
