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Vermont Plaza
955 S. VERMONT AVE., Los Angeles, CA 90006
Last Verified 1/31/2012
Listing ID 16119038
Highlights
Historically Low Vacancy Rate- Prime Mid/Wilshire - Koreatown Location
- Uptrend Potential
- NNN Lease
- 3:1000 Parking Ratio
Description
Vermont Plaza is a shopping center located at Vermont Avenue and San Marino, one of the busiest street and intersection in Koreatown. This is exceptionally excellent opportunity to acquire stable 14,700 square foot strip shopping center in Koreatown that has shown historically low vacancies. This two-story building was built in 1981. The net operating income is over $41,000 per month which includes income from billboard located at the property. Large portion of leasable area is below fair market rent compared to the other properties in the area. The property has opportutinity for potential uptrend!!! Please do not disturb the Tenants!!
The property is located in the Mid-Wilshire/Koreatown neighborhood, an area undergoing transformative growth and densification. Koreatown holds the world's largest Korean population outside of Seoul. Substantial influx of people has been accompanied by an equally impressive in-flow of capital. Koreans have aggressively invested in U.S. real estate in the wake of the South Korean government's elimination of foreign investment caps. In addition, the property is located in the area that has shown historically low vacancy with demands for new retail spaces.
Actual
$500,952
Map of 955 S. VERMONT AVE., Los Angeles, CA 90006 (Los Angeles County)
Created 2/24/2009
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Additional Information for 955 S Vermont Avenue, Los Angeles, CA 90006
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Los Angeles, CA Retail For Sale
| |
Jan 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $202 | -0.7% | -4.2% |
- Metro | $244 | -0.8% | -2.6% |
- County | $249 | -0.4% | -2.5% |
|
- City | $268 | 0.0% | -2.5% |
View Los Angeles Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P