8021 S Vermont Avenue 5, Los Angeles, CA 90044
Commercial property · 2 recorded sales since 2015
Sold August 2017
Listing Agent: Leo Nordine (DRE #00961679) · Listing Office: Nordine Realtors, Inc. · Contact: 310-379-8800 · Bought with: Leo Nordine · Nordine Realtors, Inc. · MLS #SB17178362 · Source: CRMLS
About this commercial property
Newer retail office condo leased to Wells Fargo for $2382 a month. 5 years remaining on lease with 5% annual CPI max, and they'll probably want to renew in 2022. (This is their 2nd best performing ATM in So. Cal).11 Cap, 8x gross. In Vermont Knolls mixed use community. This unit has never been occupied by humans. 809 sq. ft. at street level fronting no-traffic service road with street parking. Adjacent to Vermont Knolls residential neighborhood, 1-2 blocks to Fire Dept., Miller Elementary, Price Christian School and massive Crenshaw Christian Center. Vermont Knolls is due south of USC and South Park, and due east of future Rams/Chargers stadium and Hollywood Park Tomorrow. Monthly HOA dues are $273 a month. This is the easiest, lowest maintenance investment property we've ever owned or managed, and it's less than 8X gross. Buyer to cooperate with sellers 1031 exchange.
Listing description from the August 2017 sale, as reported to CRMLS.
Sale history
