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522 W VERNON Ave 3,346 SF 50% Leased Retail Building Los Angeles, CA 90037 $1,600,000 ($478.18/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Two separate buildings on one lot
- rare combination of stable cash flow, development upside, and flexible use
EXECUTIVE SUMMARY
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$150,000
|
$44.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,000
|
$44.83
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $44.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $44.83 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,346 SF
Building Class
C
Year Built
1904
Price
$1,600,000
Price Per SF
$478.18
Cap Rate
8%
NOI
$128,000
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.16 AC
Zoning
LAC2 - Commercial
Parking
6 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
40’ on West Vernon Avenue
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Child care
- Educational Services
- 2,246 SF
- $3.34
- Modified Gross
- Oct 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Child care | Educational Services | 2,246 SF | $3.34 | Modified Gross | Oct 2025 |
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5018-033-017 | Improvements Assessment | $275,914 |
| Land Assessment | $848,966 | Total Assessment | $1,124,880 |
PROPERTY TAXES
Parcel Number
5018-033-017
Land Assessment
$848,966
Improvements Assessment
$275,914
Total Assessment
$1,124,880
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522 W VERNON Ave
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