Property summary
This exceptional 8.77-acre commercial land parcel presents a unique development opportunity in Los Angeles, California. Located at 7833 S Vermont Ave, zip code 90044, this highly visible and accessible site boasts 382,000 square feet of developable land, zoned R4/C2. The property's size minimizes entitlement risk, offering a multitude of permitted uses including office, retail, multifamily, industrial, hospitality, and healthcare, or a combination thereof. Currently featuring six structures, including a large 780+ stall parking structure, the property can be delivered vacant at close of escrow, potentially saving millions in construction and permitting costs. Five of the existing structures serve as administrative, office, classroom, and warehouse spaces. The strategic location near the 110 Freeway provides vital connectivity between the Port of Los Angeles and greater Los Angeles, further enhanced by its position along the future Metro Vermont Transit Corridor. This corridor will significantly increase visibility and accessibility, particularly during the LA 2028 Olympics, connecting Downtown Los Angeles to the South Bay, encompassing key venues such as the Coliseum, SoFi Stadium, The Forum, and the South Bay Sports Park. This offering presents a substantial opportunity for significant social and economic impact, providing a developer or user with immediate presence in a rapidly developing area. The property was formerly home to Pepperdine University. The seller is open to market pricing.
Property profile
VerifiedCap rate & NOI
Current use
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Park
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LAR4 · Los Angeles, CAZoning
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