Mixed-Use Property with
For Sale
$1,425,000
8629 S Vermont Ave, Los Angeles, CA 90044
A renovated two-story asset combines residential apartments, commercial space, and gated parking on a corner site.
Property Size6,216 SF
Lot Size0.24 Acres
Price / SF$229.25
Days on Market244
Property Features for 8629 S Vermont Ave
General Information
Standard status
Active
Size
6,216 SF
Net Rentable
6,216 SF
Total Parking Spaces
19
Lot size
0.24 Acres
Property subtype
MULTI_FAMILY
Zoning
LCC3YY
Financials
Cap Rate
8.45%
Gross Rent Multiplier
7.38
Site & Location
Neighborhood
South Los Angeles
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
4 x studio, 4 x 1BR/1BA
Multifamily Units
8
Building Details
Building Size
6,216 SF
Year Built
1927
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Kidder Mathews of California, Inc.
Listed By:
Casey Lins · License #01902650
(714) 333-6768
Source:
Donhellergroup
Added: Feb 25
Changed: Oct 27
Last Checked: Oct 26 at 5:37PM
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 Kidder Mathews of California, Inc.
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Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 6,216 rentable square feet and was built in 1927. Renovations have been completed. Its residential component includes four studios and four one-bedroom, one-bathroom apartments; the building also has two commercial units, currently occupied by the seller. The property carries LCC3YY zoning and spans two parcels totaling 10,401 square feet of land. A separate paved parcel is used for parking, with 19 spaces behind gated, remote access.
At the corner of W 87th St and Vermont Ave, the site has street access on two sides and additional access from an alley. Parking can be entered from Vermont Ave or the alley. The property is near the 110 Freeway and multiple Metro stations, with access to Downtown Los Angeles, Inglewood, Lennox, Gardena, and Crenshaw. Reported operating metrics are a 7.38 GRM and an 8.45% CAP rate based on actual rents.
At the corner of W 87th St and Vermont Ave, the site has street access on two sides and additional access from an alley. Parking can be entered from Vermont Ave or the alley. The property is near the 110 Freeway and multiple Metro stations, with access to Downtown Los Angeles, Inglewood, Lennox, Gardena, and Crenshaw. Reported operating metrics are a 7.38 GRM and an 8.45% CAP rate based on actual rents.
Key Highlights
- 6,216 rentable square feet in a two‑story mixed‑use property
- Residential mix: four studios and four one‑bedroom, one‑bathroom apartments
- Two commercial units are currently occupied by the seller
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,874
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,480
$2.5M
Cap Rate 7%
$1,798,200
$1.8M
Cap Rate 9%
$1,398,600
$1.4M
Market Conditions
NOI Build-Up for 6,216 SF
Gross rent
$223.8K $36.00/SF
− Vacancy
−$22.4K −$3.60/SF
EGI
$201.4K $32.40/SF
− OpEx
−$75.5K −$12.15/SF
NOI
$125.9K $20.25/SF
Area
ZIP 90044
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,480
Cap Rate 7%
$1,798,200
Cap Rate 9%
$1,398,600
Alternative Uses
Best Use
Apartment 5plus
$109.89M
$96.16M – $128.21M
NOI $7,692,636 @ 7.0% cap · market cap 539.83%
Second Best
Retail
$2.17M
$1.90M – $2.53M
NOI $151,823 @ 7.0% cap · market cap 10.65%
Theoretical Best
Multifamily LT 5
$125.93M
$110.19M – $146.92M
NOI $8,815,270 @ 7.0% cap · market cap 618.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
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Business Placement
Demographics for 90044, CA
94,354
Population
28,770
Households
3.3
Avg Household Size
33
Median Age
11%
College-Educated
64%
High-School Grad
5.1 sq mi
ZIP Area
18,501
Density / Sq Mi
$51,433
Median Household Income
$32,426
Median Earnings
$1,427
Median Rent
$588,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated two-story asset combines residential apartments, commercial space, and gated parking on a corner site.
Where is this mixed-use property located?
The property is located at 8629 S Vermont Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 6,216 rentable square feet in a two‑story mixed‑use property; Residential mix: four studios and four one‑bedroom, one‑bathroom apartments; Two commercial units are currently occupied by the seller
