REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,595,000
Est. payment | /mo
18,906 SqFt
$ 3,595,000
Est. payment | /mo
18,906 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 18,906 sqft
Price per Sqft $190
MLS Listing ID CL26855205
HOA Y/N No
Year Built 1922
Lot Size 0.397 Acres
Acres 0.3967
Property Sub-Type Other
Property 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.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5002030018
© 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 Julio Ruiz • Global Platinum Properties, Inc.
Nearby Locations
GET MORE INFORMATION
Patrick Nagel
REALTOR® | Lic# 1760790