Mixed-Use Retail and Office
For Sale
Contact for pricing
800 S VERMONT AVE, Los Angeles, CA 90005
Retail and office space is currently operating at 96% occupancy in Los Angeles.
Property Size22,271 SF
Price / SF$449.01
Days on Market112
Property Features for 800 S VERMONT AVE
General Information
Standard status
Active
Size
22,271 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
96%
Investment Type
Value Add
Net Operating Income
$622,562
Building Details
Year Built
1933
Stories
2
Units
30
Tenancy
Multi
Listing Agency:
CBRE - South Bay
(310) 892-5644
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 9:18PM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
Located at 800 S Vermont Ave in Los Angeles, this mixed-use property contains 22,271 square feet of retail and office space. The building was constructed in 1933 and is currently operating at 96% occupancy.
The existing configuration supports both retail and office functions within one commercial asset. Its current occupancy and operating use provide a clear snapshot of the property’s established commercial profile.
The existing configuration supports both retail and office functions within one commercial asset. Its current occupancy and operating use provide a clear snapshot of the property’s established commercial profile.
Key Highlights
- 22,271‑square‑foot mixed‑use property
- Retail and office components
- 96% current occupancy
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
$516,847
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
5.17%
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%
$10,336,940
$10.3M
Cap Rate 7%
$7,383,529
$7.4M
Cap Rate 9%
$5,742,744
$5.7M
Market Conditions
NOI Build-Up for 22,271 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
$823.1K $36.96/SF
− Vacancy
−$84.8K −$3.81/SF
EGI
$738.4K $33.15/SF
− OpEx
−$221.5K −$9.95/SF
NOI
$516.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$10,336,940
Cap Rate 7%
$7,383,529
Cap Rate 9%
$5,742,744
Alternative Uses
Best Use
Retail
$7.38M
$6.46M – $8.61M
NOI $516,847 @ 7.0% cap · market cap 5.17%
Second Best
Mixed Use
$6.44M
$5.64M – $7.52M
NOI $450,988 @ 7.0% cap · market cap 4.51%
Theoretical Best
Multifamily LT 5
$451.20M
$394.80M – $526.40M
NOI $31,583,796 @ 7.0% cap · market cap 315.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 90005, CA
37,987
Population
19,357
Households
2
Avg Household Size
37
Median Age
38%
College-Educated
74%
High-School Grad
1.2 sq mi
ZIP Area
31,656
Density / Sq Mi
$52,755
Median Household Income
$35,847
Median Earnings
$1,648
Median Rent
$1,084,400
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office space is currently operating at 96% occupancy in Los Angeles.
Where is this mixed-use property located?
The property is located at 800 S VERMONT AVE Los Angeles, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 22,271‑square‑foot mixed‑use property; Retail and office components; 96% current occupancy
