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1510 S Vermont Ave 3,741 SF 100% Leased Retail Building Los Angeles, CA 90006 $2,150,000 ($574.71/SF) 5.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Approved Dental office plan ready with the sale.
- Excellent accessability and parking. High traffic and Visibility
- Thriving Korea Town community with a strong demand for commercial spaces.
EXECUTIVE SUMMARY
WHY RENT WHEN YOU CAN OWN YOUR OWN BUILDING! Three Prime Commercial units in the heart of Korea Town! One unit has approved plans for a Dental office. Ready to build. Situated in one of the most vibrant and bustling neighborhoods, these units offer unparalleled foot traffic and exposure. Perfect for retail spaces in a thriving commercial area, and attracts a diverse customer base. Legally, it is 2 units; however, the owner is getting the 3rd unit permitted.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,741 SF
Building Class
C
Year Built
1956
Price
$2,150,000
Price Per SF
$574.71
Cap Rate
5.04%
NOI
$108,457
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.16 AC
Zoning
C2 - Zone Commercial LAC2
Frontage
48’ on S Vermont Ave
AMENITIES
- Fenced Lot
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Rancho Barbershop
- Services
- 745 SF
- $2.50
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Rancho Barbershop | Services | 745 SF | $2.50 | Triple Net | - |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5056-001-028 | Improvements Assessment | $308,492 |
| Land Assessment | $1,731,890 | Total Assessment | $2,040,382 |
PROPERTY TAXES
Parcel Number
5056-001-028
Land Assessment
$1,731,890
Improvements Assessment
$308,492
Total Assessment
$2,040,382
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1510 S Vermont Ave
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