7021 Vermont AveLos Angeles, CA 90044

Property Details for 7021 Vermont Ave

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

5,260 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Auto shops

APN

6014-029-004

APU

6014029004

Description

This exceptional investment opportunity presents two buildings totaling 9,334 square feet on a sizable 17,828 square foot lot in Los Angeles, CA. The property, located at 7021 S Vermont Ave & 1000 W 70th St, features a main 5,260 square foot auto shop building equipped with three single and two double-wide bay doors, ideal for automotive businesses. An adjacent 4,074 square foot commercial building offers additional versatility. Currently vacant, this property boasts high visibility and street exposure on a corner lot, ensuring significant traffic and customer accessibility. Built in 1947 and 1996, the buildings sit on two parcels (APN: 014-029-004 & 6014-029-003) and are zoned LAC2. The asking price is $2,495,000, translating to $267.30 per square foot. Ample parking is available, catering to both customers and employees. This property presents a unique opportunity for owner-users, investors, or developers seeking a strategic location in a densely populated area with a large potential customer base. The property's configuration and location make it well-suited for a variety of commercial automotive uses. This is a rare chance to acquire a substantial property in a thriving Los Angeles market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,240,326

  6.5%

  $2,067,994

  7%

  $1,920,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,520,609

  Geo Method

  $2,520,609

• Alternative Use

  Use

  Valuation

  Residential

  $1,744,430

  Hospitality

  $1,597,888

  Educational

  $1,329,424

  Medical

  $1,375,145

  Retail

  $2,067,994

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9756

Longitude

-118.292

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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