1785 Vernon Ave Los Angeles, CA 90058-1500
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LAM2 · Los Angeles, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.