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6-Bedroom Residential Income - 5161 S Vermont Avenue, Los Angeles, CA

$3,595,000

5161 S Vermont Avenue, Los Angeles, CA

5161 S Vermont Avenue, Los Angeles, CA 90037 - $3,595,000 · 6 bd 21 ba Multi-Family Home for Sale, photo 1 5161 S Vermont Avenue, Los Angeles, CA 90037 - $3,595,000 · 6 bd 21 ba Multi-Family Home for Sale, photo 2 5161 S Vermont Avenue, Los Angeles, CA 90037 - $3,595,000 · 6 bd 21 ba Multi-Family Home for Sale, photo 3 5161 S Vermont Avenue, Los Angeles, CA 90037 - $3,595,000 · 6 bd 21 ba Multi-Family Home for Sale, photo 4 5161 S Vermont Avenue, Los Angeles, CA 90037 - $3,595,000 · 6 bd 21 ba Multi-Family Home for Sale, photo 5
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Description

Price reduced $100,000 now $3,595,000! Hard-corner mixed-use opportunity at Vermont Ave & 51st Pl: 7 street-front retail spaces + 14 apartments totaling 18,956 SF on a 17,280 SF C2 triple lot. 97% occupied with diversified income and 26 gated parking spaces. Now a 6.15% current cap / 10.45 GRM with ~28% rental upside to an 8.63% pro forma cap as rents reach market. TOC Tier 3 + AB 2011/SB 35 eligibility unlock major redevelopment density, steps from Exposition Park and the 2028 Olympic venues. Turnkey cash flow today, landmark development site tomorrow.

Property details

Bedrooms
6
Bathrooms
21
Square feet
18,906
Year built
1922
Property type
Residential Income
Lot size
17,280 sqft

Location

5161 S Vermont Avenue • Los Angeles, CA 90037

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Listed by

Julio Ruiz · Global Platinum Properties, Inc.

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Listing courtesy of Global Platinum Properties, Inc.. Information deemed reliable but not guaranteed.

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