11502 Vermont AveLos Angeles, CA 90044

Property Details for 11502 Vermont Ave

Year built

1954

Construction

TILT-UP CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

7,920 SF

Zone code

LAC1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6088-009-032

APU

6088009032

Description

Exceptional redevelopment opportunity in Los Angeles, California, encompassing five parcels totaling 14,906 square feet. This property, situated at the highly visible northeast corner of Vermont Avenue and the 105 Freeway, boasts a Tier 4 rating within the City of Los Angeles' TOC (Transit Oriented Communities) program. The offering includes three existing buildings and two parking lots, currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $270,000, representing a 6.00% capitalization rate. A pro-forma analysis projects a significant increase in NOI to $360,000, resulting in an 8.00% capitalization rate, reflecting the substantial redevelopment potential. The asking price is $4,500,000, translating to $301.89 per square foot. This prime signalized corner location offers immediate income while allowing for future development plans. The property is zoned for medical office use and presents a rare chance to acquire a high-performing asset with substantial upside in a rapidly growing area of Los Angeles County, zip code 90044. The address is 11502 S Vermont Ave.

• CAP approach

  CAP return

  Valuation

  6%

  $2,845,477

  6.5%

  $2,626,594

  7%

  $2,438,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,334,404

  Geo Method

  $2,334,404

• Alternative Use

  Use

  Valuation

  Residential

  $2,626,594

  Hospitality

  $2,405,946

  Educational

  $2,001,719

  Medical

  $2,070,561

  Retail

  $3,113,785

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

33.9298

Longitude

-118.291

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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