1971 S Vermont Ave - Warehouse FOR SALE


Los Angeles, CA 90007
$6,500,000 USD
805-900-4478
1971 S Vermont Ave, Los Angeles, CA for Sale
$6,500,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

1971 S Vermont Ave
Los Angeles, CA 90007


OVERVIEW

Offering Price: $6,500,000 Building Size: 1971-77 S Vermont Ave: 8,905 SQFT (Two-story corner building with retail and office spaces) 1609-13 W 20th St: 11,135 SQFT (Includes a youth center and a warehouse) Lot Size: 0.71 Acres Year Built: 1924, 1950 Zoning: Commercial Lease Details: Month-to-month agreements Property Highlights: Prime Corner Location: High-visibility intersection near Koreatown, minutes from USC and Downtown Los Angeles. Three-Building Portfolio: 1971-77 S Vermont Ave: Versatile two-story building with ground-level retail and open office space on the upper floor. 1613 W 20th St: A functional two-story building currently operating as a youth center, featuring modern office spaces, open areas, and an elevator. 1609 W 20th St: A single-story warehouse ideal for maintenance, woodworking, or storage purposes. Development Potential: Significant value-add opportunities in an area poised for continued growth and investment. Location Advantages: Thriving Neighborhood: Nestled in a vibrant area enriched with cultural, academic, and entertainment amenities. Connectivity: Easy access to key transit routes, linking Downtown LA, Koreatown, and Hollywood. Proximity to Landmarks: 5 minutes from USC and Exposition Park. 15 minutes from Dodger Stadium. 30 minutes from Santa Monica. Investment Opportunities: Below-Market Rents: Existing leases are month-to-month, providing flexibility for rent adjustments or redevelopment. Mixed-Use Potential: Ideal for retail, office, and storage operations, or potential redevelopment to cater to the area’s growing demand. Cultural Hub Appeal: Surrounded by trendy cafes, restaurants, and local businesses, attracting steady foot traffic from students, professionals, and families. This unique offering combines immediate income potential with significant upside for redevelopment or repositioning in one of Los Angeles's most dynamic neighborhoods. Don't miss out on this opportunity to secure a high-value asset with outstanding growth prospects.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,457

ZONING

-

APN/PARCEL ID

5075-038-004

ASK ABOUT THIS PROPERTY

Mike MathiasKam Coastal Development Inc.More Info
805-900-4478

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Mike MathiasKam Coastal Development Inc.More Info
805-900-4478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.