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800-814 S Vermont Ave 22,271 SF 96% Leased Retail Building Los Angeles, CA 90005 $9,500,000 ($426.56/SF) 6.59% Cap Rate
Investment Highlights
- Crossroads on Vermont presents an exceptional opportunity to acquire a positively cash-flowing retail and office investment operating at 96% occupancy
- Positioned at the signalized intersection of Vermont Avenue and 8th Street, the property benefits from over 60,000 vehicles of daily traffic.
- The property is zoned C2-1, permitting a broad range of commercial uses. Current zoning allows for development of 51 residential units by-right.
- The property features a blend of daily-needs retail tenants and professional office suites.
- Crossroads on Vermont comprises approximately 22,272 square feet of improvements situated on a 20,235 square foot parcel.
- Within a one-mile radius, the submarket has seen the delivery of over 6,500 residential units since 2021.
Executive Summary
Rare Value-Add Acquisition Opportunity
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
22,271 SF
Building Class
B
Year Built
1933
Price
$9,500,000
Price Per SF
$426.56
Cap Rate
6.59%
NOI
$626,166
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.46 AC
Zoning
LAC2-1, LACR4-2
Parking
30 Spaces (1.35 Spaces per 1,000 SF Leased)
Frontage
375’ on S Vermont Ave
Amenities
- Bus Line
- Signage
- Signalized Intersection
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $965,699 | |
| Land Assessment | $10,399,838 | Total Assessment | $11,365,537 |
Property Taxes
Parcel Numbers
Land Assessment
$10,399,838
Improvements Assessment
$965,699
Total Assessment
$11,365,537
Contacts
-
Patrick Wade -
Matthew Greenberg -
Alex Kozakov -
Bo Henderson -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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