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 Size18,956 SF
Lot Size0.40 Acres
Price / SF$189.65
Days on Market31
Property Features for 5161 S Vermont Ave
General Information
Standard status
Active
Size
18,956 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
Source:
Jademillsestates
Added: Jul 2
Changed: Jul 31
Last Checked: Jul 31 at 11:23AM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $515.4k | $27.19 |
| − Vacancy | −$3.6k | −$0.19 |
| EGI | $511.8k | $27.00 |
| − OpEx | −$230.3k | −$12.15 |
| NOI | $281.5k | $14.85 |
18,956 SF · lease $27.19/SF/yr · vacancy 0.70% · expense 45.00%
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
Current Use
Lease Details
14
Residential units
97%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,045
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
$632,600
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
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 - 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
