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

    1785 Vernon Ave Los Angeles, CA 90058-1500

    • Auto shops
    • 864 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Dec 09, 2021
    $2,262,022
    Value Estimations
    $2,525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9330783
    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

    • Gordas Smog Check / Smog Inspection Station
    • DOPE WINDOW TINT / Window Tinting Service
    • K&D Smog Check & Repair / Smog Inspection Station
    • Boost Mobile / Cell Phone Store

    Property Details for 1785 Vernon Ave

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.57 lot acres
    Property size
    864 SF
    Zone code
    LAM2
    Property type
    Auto shops
    APN
    5116-022-031
    APU
    5116022031

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,525,000
      ML approach
      $2,335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.241
    Latitude
    34.0042
    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
    $29,767
    $2,353,384
    $0.00
    $2,353,384
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      6,500 SF

      4406 Long Bch Ave

      AUTO REPAIR, GARAGE • 6,500 SF
      4406 Long Bch Ave, Los Angeles, CA 90058
      View Details
    • Value Estimation
      $255,000
      348 SF

      4151 Alameda St

      AUTO REPAIR, GARAGE • 348 SF
      4151 Alameda St, Los Angeles, CA 90058
      View Details
    • Value Estimation
      $270,000
      1,118 SF

      1933 Slauson Ave

      AUTO REPAIR, GARAGE • 1,118 SF
      1933 Slauson Ave, Los Angeles, CA 90058
      View Details
    • Value Estimation
      $305,000
      360 SF

      1710 Vernon Ave

      AUTO REPAIR, GARAGE • 360 SF
      1710 Vernon Ave, Vernon, CA 90058-1519
      View Details
    • Value Estimation
      $395,000
      768 SF

      1775 43rd St

      AUTO REPAIR, GARAGE • 768 SF
      1775 43rd St, Los Angeles, CA 90058-1515
      View Details
    • Value Estimation
      $2,200,000
      1,796 SF

      3710 Alameda St

      AUTO REPAIR, GARAGE • 1,796 SF
      3710 Alameda St, Vernon, CA 90058-1619
      View Details

    Similar Nearby for Sale

    • $13,670,000
      57,195 SF

      Two Freestanding Buildings with Secured Yard

      Two buildings with income and a large, secured yard.
      4801-4815 Staunton Ave, Los Angeles, CA 90058
      View Details
    • $850,000

      Vernon Industrial Property for Sale

      Industrial property available in Vernon, California.
      2455 E 52Nd St, Vernon, CA 90058
      View Details
    • Contact for pricing
      103,633 SF

      Vernon CA Cold Storage Facility

      103,633 SF Refrigerated Warehouse, Vernon CA
      3305 Vernon Ave, Vernon, CA 90058
      View Details
    • $4,020,000
      16,080 SF

      Vernon Manufacturing/Creative Buildings For Sale

      Manufacturing/creative buildings with heavy power and downtown LA access.
      2334-2344 E 38Th St, Vernon, CA 90058
      View Details
    • $700,000

      Vernon Multi-Unit Investment Opportunity

      Two-unit property in great condition with constant rental income.
      3201 Long Beach Ave, Vernon, CA 90058
      View Details
    • New
      $595,000
      2,200 SF

      Los Angeles Manufacturing Investment Property

      Manufacturing property featuring two units with street and alley access.
      1837 E Slauson Ave, Los Angeles, CA 90058
      View Details

    Similar Nearby for Lease

    • $1.95 SF/Yr
      51,860 SF

      Vernon High Profile Shopping Center

      Vernon High Profile Shopping Center
      2501 S Santa Fe Ave, Vernon, CA 90058
      View Details
    • $23 SF/Yr
      5,185 SF

      Vernon Retail Center - High Profile

      Prime Vernon retail/office space available.
      2501 Santa Fe Ave, Vernon, CA 90058
      View Details
    • $1.25 SF/Yr
      2,000 SF

      Corner Industrial Unit For Rent

      2,000 SF corner industrial unit suitable for retail.
      5505 S Alameda St, Los Angeles, CA 90058
      View Details
    • $12 SF/Yr
      3,800 SF

      Vernon Industrial Space For Lease

      Los Angeles Warehouse: 3,800 SF Available Now
      5760 S 2nd St, Los Angeles, CA 90058, Los Angeles, CA 90058
      View Details
    • $1.05 SF/Yr
      89,848 SF

      Vernon Manufacturing/Warehouse Space Available

      Manufacturing and warehouse space in central Vernon location for lease.
      3150 E 46Th St, Los Angeles, CA 90058
      View Details
    • $13 SF/Yr
      36,000 SF

      Vernon Warehouse - 36,000 SF

      Large industrial warehouse, ideal for distribution. High-power, ample parking.
      2140 51St St, Vernon, CA 90058
      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.
    1785 Vernon Ave
    Los Angeles, CA 90058-1500
    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.