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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) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Two separate buildings on one lot
- rare combination of stable cash flow, development upside, and flexible use
- The Entire property is Vacant
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 currently VACANT, with 7 bedrooms and 2 bathrooms. The space is well-maintained and ideal for continued use as a preschool, daycare, or educational facility. 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 lower level is currently used as a playground area for the daycare. The owner is in the process of constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. The residential units will be delivered VACANT. Two separate buildings on one lot. Substantial existing income with growth potential. Commercial tenant willing to sign a long-term lease. Additional ADU under construction for added value. 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 or owner-users seeking a multi-purpose asset in a growing area. The entire property is VACANT.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$168,000
|
$50.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,000
|
$50.21
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $50.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $50.21 |
| 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
8.44%
NOI
$135,000
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 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
| Space | Size | Space Use | Position | Available |
| 522 | 2,250-3,346 SF | Retail | - | Now |
522
| Size |
| 2,250-3,346 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
522
| Size | 2,250-3,346 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
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
1 of 49
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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522 W VERNON Ave
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