Global Platinum Properties is proud to present a compelling 21 Unit mixed-use value-add opportunity in the heart of Vermont Square, one of South Los Angeles' most active and supply-constrained submarkets. Located at 5161 S Vermont Avenue, this corner, double-lot property offers investors a rare combination of strong in-place income, meaningful… Read More rental upside, redevelopment optionality, and abundant on-site parking. The asset consists of two buildings totaling 18,906 square feet of improvements, situated on a 17,280-square-foot C2-zoned lot, comprising three distinct parcels. The property features seven street-front retail units on the ground level and 14 apartment units on the second floor, providing diversified income across both residential and commercial tenants. Currently operating at a 5.95% cap rate, the property offers a clear path to an estimated 32% increase in rental income, driving returns to an 8.37% projected cap rate through hands-on management, rent optimization, and strategic improvements. Approximate 32% rental upside through rent growth and operational efficiencies. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
8
Square Ft.
18,906
Lot Size
0.44 Acres
Year Built
1924
MLS Number
26835873
30 Days Snapshot Of 90037
$635k
0%
(avg) sold price
162
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"None"
Building
18,906 sq ft, Built in 1924, Levels: "Two Level", "Attached"
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