5151 S Vermont Avenue

Property Overview

Global Platinum Properties is pleased to present 51515163 S Vermont Avenue, a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot, an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026. In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price, a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it. Underneath that income sits the real story. The residential schedule shows an average in-place rent of $1,251 against a $1,821 market rent, and the 17,280 SF C2-1VL-CPIO site sits within a Tier 3 Transit-Oriented Communities zone that supports, by right, a development program of up to 150 units.

Home Details

Property type: Residential Income
Year built: 1924
Living area: 18,906 sq ft
Lot size: 18,956 sq ft
Parking: 25 spaces
Stories: 2
Days on market: 95
MLS status: Active
Zoning: LAC2

Features & Amenities

Parking

Gated

Community, Schools & Utilities

Community

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Location & Neighborhood

Los Angeles, CA 90037

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Frequently Asked Questions About 5151 S Vermont Avenue

Property type: Residential Income

The current asking price is $3,595,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 5151 S Vermont Avenue. Our team will confirm availability and timing.

This 8 bedrooms and 21 bathrooms property offers approximately 18,906 square feet of living space. It was built in 1924. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 95 days. Status can change, so verify availability before relying on it.