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Fully Renovated and 100% Leased! 8625-8629 S Vermont Ave 10 Unit Apartment Building $1,650,000 ($165,000/Unit) 7.70% Cap Rate Los Angeles, CA 90044
Executive Summary
We are proud to present 8629 S Vermont Ave, a rare, creative compound in Los Angeles, offered at an 8.26 GRM and a 7.70% CAP on actual rents, with 19 parking spaces available on site.
This mixed-use property is comprised of one, two-story building consisting of a total of 6,216 rentable square feet. Built in 1927 the property has undergone significant renovations and sits on an LCC3YY zoned two parcel assemblage corner lot with street access on two sides plus alley access totaling 10,401 square feet of land.
The unit mix features four (4) studios, four (4) one-bedroom one-bathroom units, and two (2) commercial units currently occupied by the seller. The second parcel is a paved lot, currently being used as parking with gated and remote access, offering a total of 19 secure on-site parking spaces with fantastic ingress/egress with parking access from Vermont Ave and the alley.
Located on the corner of W 87th St and Vermont Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw.
Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.
This mixed-use property is comprised of one, two-story building consisting of a total of 6,216 rentable square feet. Built in 1927 the property has undergone significant renovations and sits on an LCC3YY zoned two parcel assemblage corner lot with street access on two sides plus alley access totaling 10,401 square feet of land.
The unit mix features four (4) studios, four (4) one-bedroom one-bathroom units, and two (2) commercial units currently occupied by the seller. The second parcel is a paved lot, currently being used as parking with gated and remote access, offering a total of 19 secure on-site parking spaces with fantastic ingress/egress with parking access from Vermont Ave and the alley.
Located on the corner of W 87th St and Vermont Ave, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw.
Contact Casey Lins at 714.333.6768 or Casey.Lins@kidder.com for additional information.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$127,104
|
$20.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $127,104 |
| Annual Per SF | $20.45 |
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $165,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,216 SF |
| Cap Rate | 7.70% | Average Occupancy | 90% |
| Gross Rent Multiplier | 8.26 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1927 |
| Property Type | Multifamily | Parking Ratio | 3.06/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LCC3YY - LCC3YY Zoned (2)Parcel Assemblage. | ||
| Price | $1,650,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 8.26 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 6,216 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 3.06/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCC3YY - LCC3YY Zoned (2)Parcel Assemblage. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $130,213 | |
| Land Assessment | $710,272 | Total Assessment | $840,485 |
Property Taxes
Parcel Numbers
Land Assessment
$710,272
Improvements Assessment
$130,213
Total Assessment
$840,485
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Fully Renovated and 100% Leased! | 8625-8629 S Vermont Ave
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