5151-5161 Vermont Ave - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$3,595,000 USD
310-666-2246
5151-5161 Vermont Ave, Los Angeles, CA for Sale
$3,595,000 USD
Storefront Retail/Residential - FOR SALE
1/53
null | 6.12% Cap Rate

5151-5161 Vermont Ave
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Rare on-site surface parking for both residential and retail tenants
  • Highly visible corner of Vermont Avenue and 51st Place
  • High-Yield Stability: 7 retail stores and 14 apartments offer immediate cash flow while entitling the future vision.
  • Triple-Lot Footprint: Rare 0.35+ acre assembly providing the scale necessary for a landmark architectural project.
  • Infrastructure Legacy: Benefit from permanent streetscape improvements and neighborhood revitalization funded by the 2028 Olympic legacy.
  • Gated Security: 25-space secured parking lot provides a premium amenity that is highly scarce in the South Los Angeles submarket.

OVERVIEW

Global Platinum Properties is pleased to present 5151–5163 S Vermont Avenue — a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot — an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026. In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price — a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it. Underneath that income sits the real story. The residential schedule carries an average in-place rent of $1,251 against a $1,821 market, and the 17,280 SF C2- 1VL-CPIO site sits within a Tier 3 Transit Oriented Communities zone — supporting, by right, a development program of up to 150 units.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21-Unit Mixed-Use LA | 6.15% Cap w 28% Upside

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

LAC2

APN/PARCEL ID

5002-030-017,5002-030-018

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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