7900 Vermont Ave Los Angeles, CA 90044-3532
- Retail space
- 4,791 SF
- 0.22 lot acres
May 31, 2022
Current Use by Public Records
- Bonita Laundry / (Bike/Boat/Book/etc) Store
Property Details for 7900 Vermont Ave
- Year built
- 1964
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 4,791 SF
- Zone code
- LAC2
- Property type
- Retail space
- APN
- 6032-001-033
- APU
- 6032001033
Description
This exceptional single-tenant office building, located at 7900 S Vermont Ave in Los Angeles, CA 90044, presents a remarkable investment opportunity. The property boasts a total of 4,791 square feet of fully built-out space, ready for immediate occupancy. Recently renovated in 2024, this building features a modern design, including new utilities, a new roof, ADA-compliant bathrooms, and a kitchenette. The property is Title 24 compliant and incorporates energy-efficient features, resulting in significant cost savings. The 9,493 square foot lot (0.22 acres) is zoned LAC2 and has a building floor area ratio (FAR) of 0.5. Nine gated parking spaces provide ample convenience for employees and clients. Situated in a thriving commercial area within the Inglewood/South LA submarket, this property offers easy access to a vibrant community and numerous business opportunities. The single-story building is strategically positioned to capitalize on the area's growth potential, making it an ideal investment for businesses seeking expansion or a strong foothold in the Los Angeles market. The property's sleek design and prime location ensure substantial long-term value and appeal to a wide range of tenants. Los Angeles County APN: 6032-001-033.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,105,000
- ML approach
- $1,140,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,950,000
- 6.5%
- $1,800,000
- 7%
- $1,670,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,891,000
- AI Estimate
- $996,000
Market price range: $663k - $1.89MMarket price range: $271k - $996k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,335,000 Current use
- MEDICAL BUILDING
- $2,185,000 Change: +64% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,030,000 Change: +52% Conversion: Moderate
- WAREHOUSE, STORAGE
- $1,340,000 Change: +0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.291
- Latitude
- 33.9676
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA