Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11502 Vermont Ave Los Angeles, CA 90044

    • Investment properties
    • 7,920 SF
    • 0.16 lot acres
    For Sale
    View listing
    $4,500,000
    Last Sale
    Dec 27, 2023
    $716,246
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7465195
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $857,000
      Market price range: $858k - $2.18M
      AI Estimate
      $609,000
      Market price range: $609k - $1.48M

    Get a detailed, property-specific valuation — fast and free

    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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,345
    $349,727
    $343,717
    $693,444
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $745,000
      2,312 SF

      6104 Vermont Ave

      STORE/OFFICE (MIXED USE) • 2,312 SF
      6104 Vermont Ave, Los Angeles, CA 90044-3718
      View Details
    • Value Estimation
      $385,000
      8,140 SF

      11951 Vermont Ave

      STORE/OFFICE (MIXED USE) • 8,140 SF
      11951 Vermont Ave, Los Angeles, CA 90044
      View Details
    • Value Estimation
      $285,000
      3,596 SF

      8022 Vermont Ave

      STORE/OFFICE (MIXED USE) • 3,596 SF
      8022 Vermont Ave, Los Angeles, CA 90044
      View Details
    • Value Estimation
      $325,000
      11,964 SF

      8501 Vermont Ave

      STORE/OFFICE (MIXED USE) • 11,964 SF
      8501 Vermont Ave, Los Angeles, CA 90044-3425
      View Details
    • Value Estimation
      $225,000
      1,620 SF

      10201 Vermont Ave

      STORE/OFFICE (MIXED USE) • 1,620 SF
      10201 Vermont Ave, Los Angeles, CA 90044-3115
      View Details
    • Value Estimation
      $270,000
      2,555 SF

      8020 Vermont Ave

      STORE/OFFICE (MIXED USE) • 2,555 SF
      8020 Vermont Ave, Los Angeles, CA 90044-3534
      View Details

    Similar Nearby for Sale

    • $675,000
      2,143 SF

      Los Angeles Triplex Investment Property

      Three-unit property in high-demand Los Angeles neighborhood, great cash flow.
      1259 W 59Th St, Los Angeles, CA 90044
      View Details
    • $749,999
      2,332 SF

      Duplex in Los Angeles

      Two spacious homes on one lot, great investment opportunity.
      6414 S Hoover St, Los Angeles, CA 90044
      View Details
    • $799,999
      2,542 SF

      Column Free Industrial Building

      Industrial building with remodeled house, suitable for work/live.
      9611-9613 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $1,149,000
      3,652 SF

      Mixed-Use Property Near Downtown LA

      Mixed-use property with commercial and residential units, excellent upside potential.
      10106 Vermont Ave, Los Angeles, CA 90044
      View Details
    • $850,000

      Los Angeles Specialty Property For Sale

      Specialty property available for purchase in Los Angeles, California.
      660 W 94Th St, Los Angeles, CA 90044
      View Details
    • $725,000

      Los Angeles Commercial Property For Sale

      Commercial property for sale in Los Angeles, California.
      9155 S Normandie Ave, Los Angeles, CA 90044
      View Details

    Similar Nearby for Lease

    • $0.65 SF/Yr
      220,706 SF

      Vermont Avenue Trailer Parking Available

      Large concrete yard with trailer parking in Los Angeles.
      19401 S Vermont Ave, Los Angeles, CA 90044
      View Details
    • $1.75 SF/Yr
      204,547 SF

      Industrial Property Near Ports

      Industrial property with 20 door positions and ample parking.
      20333-20335 S Normandie Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      5,683 SF

      Historic Los Angeles Religious Facility

      Historic religious facility suitable for redevelopment or educational purposes.
      1101 W Florence Ave, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      53,571 SF

      Secured Industrial Facility Available

      Secured industrial facility suitable for various operations, including cannabis.
      935 E 59Th St, Los Angeles, CA 90044
      View Details
    • Contact for pricing
      2,046 SF

      South Vermont Ave Executive Office

      Los Angeles Executive Suite - 2,046 SF
      5857 Vermont Ave, Los Angeles, CA 90044
      View Details
    • $19,950,000
      41,656 SF

      Flex Warehouse with Modern Office

      Freestanding flex/warehouse building with modern office space for lease.
      5431 W 104Th St, Los Angeles, CA 90044
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11502 Vermont Ave
    Los Angeles, CA 90044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.