11502 Vermont Ave Los Angeles, CA 90044
- Investment properties
- 7,920 SF
- 0.16 lot acres
Current Use by Public Records
- Vidal Woman's Medical Clinic / Doctor
- Henry Awariefe / Family Practice Physician / Internist
- Calvary Medical Clinic: Okafor Christopher MD / Pediatrician
- Vermont Community Clinic / Medical Clinic / Community Health Centre
- Dr. Edward Opoku / Medical Clinic
Property Details for 11502 Vermont Ave
- Year built
- 1954
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 7,920 SF
- Zone code
- LAC1
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 6088-009-032
- APU
- 6088009032
Description
Exceptional redevelopment opportunity in Los Angeles, California, encompassing five parcels totaling 14,906 square feet. This property, situated at the highly visible northeast corner of Vermont Avenue and the 105 Freeway, boasts a Tier 4 rating within the City of Los Angeles' TOC (Transit Oriented Communities) program. The offering includes three existing buildings and two parking lots, currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $270,000, representing a 6.00% capitalization rate. A pro-forma analysis projects a significant increase in NOI to $360,000, resulting in an 8.00% capitalization rate, reflecting the substantial redevelopment potential. The asking price is $4,500,000, translating to $301.89 per square foot. This prime signalized corner location offers immediate income while allowing for future development plans. The property is zoned for medical office use and presents a rare chance to acquire a high-performing asset with substantial upside in a rapidly growing area of Los Angeles County, zip code 90044. The address is 11502 S Vermont Ave.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $755,000
- 6.5%
- $775,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $865,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $795,000
- Retail
- $755,000
- Mixed-Use
- $850,000
- Hospitality
- $735,000
- Educational
- $840,000
- Residential Income
- $755,000
- Energy
- $685,000
- Income-Based Land
- $855,000
- Food Service
- $830,000
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.291
- Latitude
- 33.9298
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
