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700 S Vermont Ave 2,156 SF Retail Building Los Angeles, CA 90005 For Sale
Investment Highlights
- Signalized Hard Corner at 7th & Vermont
- Stabilized In-Place Income
- Federal Opportunity Zone
- ±43,412 SF Assemblage Potential
- TOC Tier 4 · Maximum Densit
Executive Summary
700 S Vermont Avenue, a ±24,488 SF signalized hard corner in the heart of Koreatown. One of the most densely populated and transit-rich sub markets in the United States.
The property currently operates as a 24-hour Shell-branded fuel station featuring six islands, twelve pumps, a convenience store, and a newly installed IBA self-serve car wash. More than $1.2 million in capital improvements deployed between 2022 and 2025 have re-positioned the site as a modernized, income-producing infill asset.
Beyond stabilized cash flow, the property's TOC Tier 4 designation approximately 1,000 feet from the Wilshire/Vermont Metro Station (Purple & Red Lines) unlocks an 80% density bonus, a +33-foot height premium, and zero parking requirements under AB 2097. Preliminary analysis supports 66 to 121+ dwelling units on the existing parcel, with a federal Opportunity Zone overlay enabling capital gains deferral and reduction for qualified long-term investors.
A fully-entitled, 210-unit shovel-ready project at the adjacent 730–732 S Vermont is separately available, creating a rare ±43,412 SF corner-to-mid-block assemblage opportunity.
The property currently operates as a 24-hour Shell-branded fuel station featuring six islands, twelve pumps, a convenience store, and a newly installed IBA self-serve car wash. More than $1.2 million in capital improvements deployed between 2022 and 2025 have re-positioned the site as a modernized, income-producing infill asset.
Beyond stabilized cash flow, the property's TOC Tier 4 designation approximately 1,000 feet from the Wilshire/Vermont Metro Station (Purple & Red Lines) unlocks an 80% density bonus, a +33-foot height premium, and zero parking requirements under AB 2097. Preliminary analysis supports 66 to 121+ dwelling units on the existing parcel, with a federal Opportunity Zone overlay enabling capital gains deferral and reduction for qualified long-term investors.
A fully-entitled, 210-unit shovel-ready project at the adjacent 730–732 S Vermont is separately available, creating a rare ±43,412 SF corner-to-mid-block assemblage opportunity.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,156 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.56 AC
Opportunity Zone
Yes
Zoning
C2 - C2-1 Zone, Enterprise Zone, Opportunity Zone, Tier 4 Transit Oriented, Highest in TOC Tier, Wilshire Community Plan-Commercial
Parking
18 Spaces (8.35 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $568,913 | |
| Land Assessment | $9,671,530 | Total Assessment | $10,240,443 |
Property Taxes
Parcel Numbers
Land Assessment
$9,671,530
Improvements Assessment
$568,913
Total Assessment
$10,240,443
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