Property Detail

5161 Vermont

Los Angeles CA 90037

$3,595,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Julio Ruiz of Global Platinum Properties, Inc.. Last updated 2026-08-18 08:10:59.000000. Listing information © 2026 CRMLS.

The Lineup

The Lineup

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