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2241 S Vermont Ave
Los Angeles, CA 90007
Strip Center · Retail Property For Sale
Investment Highlights
- Highly visible hard-corner location along South Vermont Avenue with ±40,000 vehicles per day.
- Easy access to I-10 Freeway carrying approximately 354,000 vehicles daily.
- Ability to be delivered vacant for owner-user occupancy or redevelopment opportunity.
- Minutes from the University of Southern California and Downtown Los Angeles.
- Building includes multiple service bays and gated on-site parking for operational flexibility.
- Dense surrounding residential and commercial base driving strong consumer demand.
Executive Summary
Can be delivered vacant. 2241 South Vermont Avenue presents a compelling opportunity to acquire an automotive service retail property with approximately 3,006 square feet of building area on a 13,770-square-foot parcel in Los Angeles’ Koreatown/South Los Angeles submarket. Located just south of the I-10 Freeway and less than a mile from the University of Southern California, the property offers immediate visibility along Vermont Avenue, which experiences roughly 40,000 vehicles daily. Positioned on a corridor with high traffic volume and strong residential density, the site benefits from exceptional exposure to both local and regional customers.
The property’s configuration features multiple automotive service bays, gated on-site parking, and a layout suitable for continued auto-related operations or repositioning for alternative retail use. Additionally, with the ability to deliver the property vacant, investors and developers can explore redevelopment potential supported by Transit Oriented Communities Tier 3 eligibility and strong market demand. The combination of location, accessibility to major freeways, and potential for value creation makes this asset an attractive option for owner-users, operators, and forward-looking investors seeking long-term upside in a dynamic urban submarket.
The property’s configuration features multiple automotive service bays, gated on-site parking, and a layout suitable for continued auto-related operations or repositioning for alternative retail use. Additionally, with the ability to deliver the property vacant, investors and developers can explore redevelopment potential supported by Transit Oriented Communities Tier 3 eligibility and strong market demand. The combination of location, accessibility to major freeways, and potential for value creation makes this asset an attractive option for owner-users, operators, and forward-looking investors seeking long-term upside in a dynamic urban submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,006 SF
Building Class
B
Year Built
1958
Price
$3,500,000
Price Per SF
$1,164.34
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
0.32 AC
Zoning
C2, Los Angeles - Commercial
Parking
17 Spaces (9.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Fenced Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
Property Taxes
| Parcel Number | 5054-024-027 | Improvements Assessment | $824,633 |
| Land Assessment | $682,452 | Total Assessment | $1,507,085 |
Property Taxes
Parcel Number
5054-024-027
Land Assessment
$682,452
Improvements Assessment
$824,633
Total Assessment
$1,507,085
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