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For SaleLuxury

$3,595,000

18,906 sqft$190/sqft129 days on market

5161 S Vermont Avenue

Los Angeles, CA 90037

· 8% down, 7% APR, 30yr fixed

6

Beds

21

Baths

18,906

Square feet

1922

Built

Listing narrative

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.

Listing agent (MLS): Julio Ruiz · Listing brokerage (MLS): Global Platinum Properties, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$3,595,000

Beds

6 bd

Type

House

Home Size

18,906 sqft

Baths

21

Lot Size

0.40 acres

Year

1922

Status

For Sale

Days on Market

129

$ / Sqft

$190

· 8% down, 7% APR, 30yr fixed
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Courtesy of Global Platinum Properties, Inc.