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1514 S Vermont Ave 11,715 SF 100% Leased Retail Building Los Angeles, CA 90006 $8,400,000 ($717.03/SF) 5.12% Cap Rate
Investment Highlights
- Irreplaceable Signalized Corner Location: Commanding presence on a 0.51-acre lot at the highly trafficked intersection of Vermont Ave and Venice Blvd.
- Fully Stabilized Income Stream: The 11,715 SF center features 11 highly functional retail bays, maintaining consistent occupancy & diversified tenant
- A generous half-acre parcel offers ample dedicated on-site parking—an exceptionally scarce asset in the Koreatown submarket
- National Credit Anchor Tenant: Anchored by household brand H&R Block, ensuring institutional-grade lease stability and steady daily foot traffic
- Unrivaled Regional Freeway Access: Strategic mid-city positioning provides immediate, effortless connections to the I-10, US-101, and CA-110 Freeways
- Rare opportunity to collect dependable commercial cash flow today while leveraging a prime urban footprint for future high-density redevelopment
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing for 1514 S. Vermont Avenue, a highly coveted 11-unit retail strip center situated at the premier signalized
intersection of Vermont Avenue and Venice Boulevard. Built in 1988, this stable asset features an 11,715 SF building on a spacious 0.51-acre lot. Anchored by national
credit tenant H&R Block, the property offers immediate, secure cash flow with premium infill logistics, representing a prime "covered land play" with exceptional longterm,
high-density redevelopment potential.
The property occupies a premium, highly visible signalized hard corner that captures massive daily vehicular and pedestrian traffic at the intersection of Vermont
Avenue and Venice Boulevard. This high-exposure position is anchored by H&R Block, providing investors with strong credit stability, predictable cash flow, and
consistent institutional foot traffic. Beyond its strong tenancy, the physical layout offers maximum functionality. The 11,715-square-foot building is divided into 11 highly
efficient retail bays and one income-generating billboard tenant. The entire operation is supported by a generous 0.51-acre lot that provides ample dedicated parking—a
rare and highly valuable commodity in high-density Los Angeles. Logistically, the asset boasts unmatched regional accessibility due to its strategic proximity to the I-10
(Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway). This central location offers effortless, multi-directional access to Downtown Los
Angeles, Hollywood, and the greater Westside markets.
The property is positioned within a hyper-dense, culturally vibrant trade area that features a robust, built-in consumer base alongside a steady influx of upwardly mobile
professionals. Because half-acre parcels along major Los Angeles transit corridors are rarely available, this location offers an exceptional dual-phase investment
strategy. Owners can collect dependable, stabilized retail income today while exploring future high-density mixed-use or multifamily redevelopment. 1514 S. Vermont is
a low-risk, high-upside asset combining stabilized retail cash flow from a national anchor with long-term, transit-oriented development potential. It perfectly serves the
dual-mandate investor looking for immediate yield defensive positioning alongside a massive future urban land play.
intersection of Vermont Avenue and Venice Boulevard. Built in 1988, this stable asset features an 11,715 SF building on a spacious 0.51-acre lot. Anchored by national
credit tenant H&R Block, the property offers immediate, secure cash flow with premium infill logistics, representing a prime "covered land play" with exceptional longterm,
high-density redevelopment potential.
The property occupies a premium, highly visible signalized hard corner that captures massive daily vehicular and pedestrian traffic at the intersection of Vermont
Avenue and Venice Boulevard. This high-exposure position is anchored by H&R Block, providing investors with strong credit stability, predictable cash flow, and
consistent institutional foot traffic. Beyond its strong tenancy, the physical layout offers maximum functionality. The 11,715-square-foot building is divided into 11 highly
efficient retail bays and one income-generating billboard tenant. The entire operation is supported by a generous 0.51-acre lot that provides ample dedicated parking—a
rare and highly valuable commodity in high-density Los Angeles. Logistically, the asset boasts unmatched regional accessibility due to its strategic proximity to the I-10
(Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway). This central location offers effortless, multi-directional access to Downtown Los
Angeles, Hollywood, and the greater Westside markets.
The property is positioned within a hyper-dense, culturally vibrant trade area that features a robust, built-in consumer base alongside a steady influx of upwardly mobile
professionals. Because half-acre parcels along major Los Angeles transit corridors are rarely available, this location offers an exceptional dual-phase investment
strategy. Owners can collect dependable, stabilized retail income today while exploring future high-density mixed-use or multifamily redevelopment. 1514 S. Vermont is
a low-risk, high-upside asset combining stabilized retail cash flow from a national anchor with long-term, transit-oriented development potential. It perfectly serves the
dual-mandate investor looking for immediate yield defensive positioning alongside a massive future urban land play.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
11,715 SF
Building Class
C
Year Built
1988
Price
$8,400,000
Price Per SF
$717.03
Cap Rate
5.12%
NOI
$429,785
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.51 AC
Zoning
CM-2, Los Angeles - Commercial Manufacturing
Parking
23 Spaces (1.96 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5056-001-047 | Improvements Assessment | $1,810,416 |
| Land Assessment | $3,186,342 | Total Assessment | $4,996,758 |
Property Taxes
Parcel Number
5056-001-047
Land Assessment
$3,186,342
Improvements Assessment
$1,810,416
Total Assessment
$4,996,758
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1514 S Vermont Ave
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