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3206 Vernon Ave 756 SF Office Building Los Angeles, CA 90008 $525,000 ($694.44/SF) 3.81% Cap Rate
Investment Highlights
- Charming standalone commercial property
- Excellent street visibility
- Versatile LAC2 zoning accommodates a wide variety of business uses
- Functional space
Executive Summary
This charming 756 square-foot standalone commercial property offers an exceptional opportunity for an office, studio, or retail space in the Hyde Park area. Built in 1947 and situated on a generous 3,721 square-foot lot, the single-story building features versatile LAC2 zoning to accommodate a wide variety of business uses. It provides excellent street visibility and functional space, making it a perfect fit for owner-users or investors looking to establish a presence in a growing Los Angeles neighborhood.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
756 SF
Building Class
C
Year Built
1947
Price
$525,000
Price Per SF
$694.44
Cap Rate
3.81%
NOI
$20,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
665 SF
Building FAR
0.21
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial
C1.5 Uses; Retail w/ Limited
Manufacturing, Service Stations
and Garages, Retail Contr.
Business, Churches, Schools, Auto
Sales, R4 Us
Parking
3 Spaces (4.51 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5013-024-005 | Improvements Assessment | $12,468 |
| Land Assessment | $23,219 | Total Assessment | $35,687 |
Property Taxes
Parcel Number
5013-024-005
Land Assessment
$23,219
Improvements Assessment
$12,468
Total Assessment
$35,687
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Contact the Sale Advisor
3206 Vernon Ave