1514 S Vermont Ave - Retail FOR SALE


Los Angeles, CA 90006- Harvard Heights
$8,400,000 USD
972-482-0111
1514 S Vermont Ave, Los Angeles, CA for Sale
$8,400,000 USD
Retail - FOR SALE
1/9
null | 5.12% Cap Rate

1514 S Vermont Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Irreplaceable Signalized Corner Location: Commanding presence on a 0.51-acre lot at the highly trafficked intersection of Vermont Ave and Venice Blvd.
  • National Credit Anchor Tenant: Anchored by household brand H&R Block, ensuring institutional-grade lease stability and steady daily foot traffic
  • Fully Stabilized Income Stream: The 11,715 SF center features 11 highly functional retail bays, maintaining consistent occupancy & diversified tenant
  • Unrivaled Regional Freeway Access: Strategic mid-city positioning provides immediate, effortless connections to the I-10, US-101, and CA-110 Freeways
  • A generous half-acre parcel offers ample dedicated on-site parking—an exceptionally scarce asset in the Koreatown submarket
  • Rare opportunity to collect dependable commercial cash flow today while leveraging a prime urban footprint for future high-density redevelopment

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing for 1514 S. Vermont Avenue, a highly coveted 11-unit retail strip center situated at the premier signalized intersection of Vermont Avenue and Venice Boulevard. Built in 1988, this stable asset features an 11,715 SF building on a spacious 0.51-acre lot. Anchored by national credit tenant H&R Block, the property offers immediate, secure cash flow with premium infill logistics, representing a prime "covered land play" with exceptional longterm, high-density redevelopment potential. The property occupies a premium, highly visible signalized hard corner that captures massive daily vehicular and pedestrian traffic at the intersection of Vermont Avenue and Venice Boulevard. This high-exposure position is anchored by H&R Block, providing investors with strong credit stability, predictable cash flow, and consistent institutional foot traffic. Beyond its strong tenancy, the physical layout offers maximum functionality. The 11,715-square-foot building is divided into 11 highly efficient retail bays and one income-generating billboard tenant. The entire operation is supported by a generous 0.51-acre lot that provides ample dedicated parking—a rare and highly valuable commodity in high-density Los Angeles. Logistically, the asset boasts unmatched regional accessibility due to its strategic proximity to the I-10 (Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway). This central location offers effortless, multi-directional access to Downtown Los Angeles, Hollywood, and the greater Westside markets. The property is positioned within a hyper-dense, culturally vibrant trade area that features a robust, built-in consumer base alongside a steady influx of upwardly mobile professionals. Because half-acre parcels along major Los Angeles transit corridors are rarely available, this location offers an exceptional dual-phase investment strategy. Owners can collect dependable, stabilized retail income today while exploring future high-density mixed-use or multifamily redevelopment. 1514 S. Vermont is a low-risk, high-upside asset combining stabilized retail cash flow from a national anchor with long-term, transit-oriented development potential. It perfectly serves the dual-mandate investor looking for immediate yield defensive positioning alongside a massive future urban land play.

FOR SALE DETAILS

PRICE

$8,400,000 USD

PRICE/SF

$662 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

CM-2, Los Angeles

APN/PARCEL ID

5056-001-047

ASK ABOUT THIS PROPERTY

William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.