7021 Vermont Ave Los Angeles, CA 90044-5246
This exceptional investment opportunity presents two buildings totaling 9,334 square feet on a sizable 17,828 square foot lot in Los Angeles, CA. The property, located at 7021 S Vermont Ave & 1000 W 70th St, features a main 5,260 square foot auto shop building equipped with three single and two double-wide bay doors, ideal for automotive businesses. An adjacent 4,074 square foot commercial building offers additional versatility. Currently vacant, this property boasts high visibility and street exposure on a corner lot, ensuring significant traffic and customer accessibility. Built in 1947 and 1996, the buildings sit on two parcels (APN: 014-029-004 & 6014-029-003) and are zoned LAC2. The asking price is $2,495,000, translating to $267.30 per square foot. Ample parking is available, catering to both customers and employees. This property presents a unique opportunity for owner-users, investors, or developers seeking a strategic location in a densely populated area with a large potential customer base. The property's configuration and location make it well-suited for a variety of commercial automotive uses. This is a rare chance to acquire a substantial property in a thriving Los Angeles market.
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
LAC2 · Los Angeles, CALos Angeles. Always verify with local authorities before improvements.
Costs & 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.