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Property profile & analytics
OFF-MARKET Estimated value $1,200,000
Turn key restaurants

257 Vernon Ave Los Angeles, CA 90011

800 SF 0.24 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-6470142
Property summary
AI-generated overview

This exceptional 800-square-foot retail space is ideally situated at 257 E Vernon Ave in Los Angeles, California, zip code 90011. The property boasts a generous 10,350-square-foot lot, offering ample space for outdoor displays or potential expansion. Currently vacant and ready for immediate occupancy, this single-tenant property presents a unique opportunity for businesses seeking a high-visibility location. The building is zoned R3-1, allowing for a variety of commercial uses within Los Angeles County. The property's location provides excellent access to major transportation routes and a thriving local community. With its substantial lot size and prime location, this retail space is perfect for a wide range of businesses looking to establish a strong presence in the Los Angeles market. The property's single-tenant occupancy ensures ease of management and control. The 800 square feet of interior space provides a flexible layout adaptable to various business needs. This is a rare opportunity to secure a well-located, sizable retail space in a dynamic Los Angeles neighborhood. Interested parties are encouraged to inquire promptly. The property is located at 34.0041215 latitude and -118.2699887 longitude.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Construction WOOD
Total area 800 SF
Lot 0.24 ac (10,305 SF)
Zoning code LAR3
APN 5113-017-014
UPID US09-6470142
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.20M
Owner & transaction history
3j Fund LLC · 1 yrs held
3j Fund LLC
since 2024
Last sale
$1.2M
7 recorded transactions
2024
Price N/A
2024
$1.2M
2005
$667,000
2005
Price N/A
2002
Price N/A
1992
Price N/A
1969
$30,000
Zoning & alternative use
LAR3 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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