5161 S Vermont Avenue
Property Overview
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.
Home Details
- Property type
- Residential Income
- Year built
- 1922
- Living area
- 18,906 sq ft
- Lot size
- 17,280 sq ft
- Parking
- 26 spaces
- Stories
- 2
- Days on market
- 25
- MLS status
- Active
- Zoning
- LAC2
Features & Amenities
Appliances
- Refrigerator
Parking
- Gated
Location & Neighborhood
Frequently Asked Questions About 5161 S Vermont Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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