Single-Tenant Auto Repair
916 S Vermont Ave, Los Angeles, CA 90006
For Sale
New
$2,750,000
The property includes a dedicated automotive service building and a commercially zoned parcel in Koreatown.
Property Size7,839 SF
Lot Size0.22 Acres
Price / SF$350.81
Days on Market2
Property Features for 916 S Vermont Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Tenancy & Operations
Tenant in Place
Current Tenants
Real Estate Included
Additional Details
Automotive Uses
Amenities
A 5.48% going-in cap, compounding at 4%
An established automotive tenant
Needs-based, essential-service demand
Koreatown density
1992 construction, substantial improvements
C2-1 zoning and long-term optionality
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Encino Office
Listed By:
Floyd Shaheen
(818) 212-2667
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:29PM
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 Encino Office
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Investment Insights
Based on property information with market context.
This 7,839-square-foot property is configured as a single-tenant automotive body and repair facility. The building dates to 1992 and occupies a 9,413-square-foot commercially zoned parcel. Thomasito Auto Body leases the property through April 30, 2031.
Located in Koreatown, Los Angeles, the site carries C2-1 zoning. Alternative commercial use or redevelopment may be considered, subject to City approvals.
Located in Koreatown, Los Angeles, the site carries C2-1 zoning. Alternative commercial use or redevelopment may be considered, subject to City approvals.
Key Highlights
- 7,839‑square‑foot automotive body and repair building
- Single‑tenant property leased to Thomasito Auto Body through April 30, 2031
- 9,413‑square‑foot commercially zoned parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,921
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,638,420
$3.6M
Cap Rate 7%
$2,598,871
$2.6M
Cap Rate 9%
$2,021,344
$2.0M
Market Conditions
NOI Build-Up for 7,839 SF
Gross rent
$289.7K $36.96/SF
− Vacancy
−$29.8K −$3.81/SF
EGI
$259.9K $33.15/SF
− OpEx
−$78.0K −$9.95/SF
NOI
$181.9K $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 Rate 5%
$3,638,420
Cap Rate 7%
$2,598,871
Cap Rate 9%
$2,021,344
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,921 @ 7.0% cap · market cap 6.62%
Second Best
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,381 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,101 @ 7.0% cap · market cap 8.33%
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
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,057
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Los Angeles, CA
Properties on Market for Auto shops in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Fix Auto Koreatown LA — 2946 W Pico Blvd, Los Angeles, CA 90006
- Hybrid Batteries On Demand — 2678 W Pico Blvd, Los Angeles, CA 90006
- J Auto Body and Repair Center, Inc. — 1312 Dewey Ave, Los Angeles, CA 90006
- New Vermont Autocare(Finish Line) — 1321 Vermont Ave, Los Angeles, CA 90006
- Vermont Car Towing's Company — 1306 Vermont Ave, Los Angeles, CA 90006
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes a dedicated automotive service building and a commercially zoned parcel in Koreatown.
Where is this auto shop located?
The property is located at 916 S Vermont Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7,839‑square‑foot automotive body and repair building; Single‑tenant property leased to Thomasito Auto Body through April 30, 2031; 9,413‑square‑foot commercially zoned parcel
