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$ 3,595,000
Est. payment /mo
Price Dropped by $100K
5151 S Vermont AVE Los Angeles, CA 90037
8 Beds
21 Baths
18,906 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 18,906 sqft
Price per Sqft $190
MLS Listing ID 26835873
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 0.435 Acres
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 shows an average in-place rent of $1,251 against a $1,821 market rent, and the 17,280 SF C2-1VL-CPIO site sits within a Tier 3 Transit-Oriented Communities zone that supports, by right, a development program of up to 150 units.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Exterior
Parking Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 25
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5002030017
Special Listing Condition Standard
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872
NEARBY SCHOOL & BUSINESS