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Global Platinum Properties is pleased to present 51515163 S Vermont Avenue a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026.In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it.Underneath that income sits the real story. The residential schedule carries an average in-place rent of $1,251 against a $1,821 market, and the 17,280 SF C2- 1VL-CPIO site sits within a Tier 3 Transit Oriented Communities zone supporting, by right, a development program of up to 150 units.
Property Type(s):
Commercial
| Last Updated | 8/20/2026 | Year Built | 1924 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Price History
| Prior to Aug 20, '26 | $3,695,000 |
|---|---|
| Aug 20, '26 - Today | $3,595,000 |
Additional Details
| AREA | C34 - Los Angeles Southwest |
|---|---|
| LOT | 0.3967 acre(s) |
| LOT DIMENSIONS | 17281 |
| STORIES | 2 |
Location
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Listed with Global Platinum Properties, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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