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Property profile & analytics
OFF-MARKET Estimated value $2,525,000
Auto shops

1785 Vernon Ave Los Angeles, CA 90058-1500

864 SF 0.57 ac lot Built 1921
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-9330783
Property summary
AI-generated overview

This exceptional 0.6-acre industrial development site in Vernon, CA (zip code 90058, 1785 E Vernon Ave), presents a fully entitled, shovel-ready opportunity for a self-storage facility. The site boasts 61,810 square feet of net rentable space, planned for 898 units ranging from 5x4 to 10x30 feet within a four-story climate-controlled building. Located in the heart of the Los Angeles-Long Beach-Orange County MSA, this high-visibility property enjoys a daily traffic count of 37,779 vehicles. Its strategic location offers unparalleled access to key demographics: 2.5 miles from the University of Southern California (49,500 students), 3 miles from Downtown Los Angeles (3.9 million residents), and 9 miles from LAX Airport. The surrounding area demonstrates strong growth potential, with a population of 1,247,698 and an average household income of $79,024 within a 5-mile radius. Furthermore, 66,622 future residential units are under development within a 5-mile radius, ensuring robust future demand. This is a rare opportunity to capitalize on the thriving Los Angeles market, benefiting from a strong economy and a highly competitive job market. A general contractor's guaranteed maximum price (GMP) is already in place.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1921
Construction WOOD
Total area 864 SF
Lot 0.57 ac (24,790 SF)
Zoning code LAM2
APN 5116-022-031
UPID US09-9330783
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gordas Smog Check Sustainability Organization
  • DOPE WINDOW TINT Interior Design Auto Repair Shop
  • K&D Smog Check & Repair Sustainability Organization
  • Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.53M
Owner & transaction history
Pal Vernon Stotage LLC · 4 yrs held
Pal Vernon Stotage LLC
since 2021
Last sale
$2.3M
7 recorded transactions
2021
$2.3M
2015
Price N/A
2015
$23.5M
2005
$1.5M
2004
$2.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LAM2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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