5151 S Vermont Avenue, Los Angeles, CA 90037
5151 S Vermont Avenue, Los Angeles, CA 90037
5151 S Vermont Avenue, Los Angeles, CA 90037
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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559
$3,595,000
Est. payment /mo
18,956 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 18,956 sqft

Price per Sqft $189

MLS Listing ID CL26833837

HOA Y/N No

Year Built 1924

Lot Size 0.397 Acres

Acres 0.3967

Property Sub-Type Comm Ind For Sale

Property Description

Global Platinum Properties is pleased to present 51515163 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.

Location

State CA

County Los Angeles

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 26

Building

New Construction No

Others

Tax ID 5002030017

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Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Armin Soleimani • Global Platinum Properties, Inc.

NEARBY SCHOOL & BUSINESS

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Maya Hiersoux

Maya Hiersoux

+1(415) 971-3559

Agent | License ID: 01450016

Agent License ID: 01450016

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