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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261, Armin Soleimani DRE #01846872 | Global Platinum Properties, Inc. (424) 394-1030
$3,595,000
6 Beds
21 Baths
18,906sqft
5161 S Vermont Ave, Los Angeles, CA 90037
$3,595,000
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Multi Family
Built in 1922
$-- HOA
17,280 sqft lot
$190/sq.ft
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.
- Houzeo last checked: 17 minutes ago
- Listing updated: July 28, 2026 at 1:03 am
- Source: California Regional MLS-CA | MLS#: 26855205
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
18,906 sqft
Lot Size
17,280 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26855205
MLS Status
Active
Days on Market
29
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