1001 N Vermont Ave

9,208 SF Retail Building Los Angeles, CA 90029 $4,200,000 ($456/SF)

INVESTMENT HIGHLIGHTS

  • Next door to Santa Monica / Vermont Metro Station on the Red Line
  • 0.5 miles from Hollywood Presbyterian Medical Center, Children's Hospital LA, and Kaiser Permanente Medical Center
  • 15 car surface lot

EXECUTIVE SUMMARY

*Disclosure: Receivership sale, subject to court approval. For additional information, please contact listing team.
CBRE has been retained by Ownership as the exclusive marketing adviser for 1001 N Vermont Ave, Los Angeles, CA 90029 (“the Property”). Situated on a ±10,385 SF lot (0.24 acres), the Property encompasses 2 floors totaling ±9,127 SF of retail space currently configured as a grocery store. Conveniently located at the Vermont / Santa Monica Metro Station on the Red line in East Hollywood, the Property sits between Los Angeles City College and a newly delivered 187-unit multi-family development. The Property offers an incredibly opportunity for an owner-user or developer.
The East Hollywood neighborhood of Los Angeles has a population of more than 78,000 residents and is characterized by a high concentration of multi-family and mixed-use developments. There are currently over 1,200 new apartment units under construction and the submarket’s multi-family vacancy sits at ~5%. Los Angeles Community College has over 13,000 students, of which 2,687 are full-time. The area is seeing increased investment from developers, both public and private, suggesting confidence in the market’s continued growth. East Hollywood’s close proximity to the up-scale Silverlake neighborhood gives it immediate access to some of Los Angele‘s best amenities.
Located in a Transit Oriented Communities (TOC) Tier-4 Zone and with C2 zoning, the Property lends itself well to a wide array of potential development uses. Neighboring properties received increases in building FAR up to 4.5:1 (to be confirmed by Buyer).

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
9,208 SF
Building Class
C
Year Built
1970
Price
$4,200,000
Price Per SF
$456
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
C2
Parking
15 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
150 FT on N Vermont Ave
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)

NEARBY MAJOR RETAILERS

Island Pacific
Starbucks
CrossFit
Yoshinoya
California Fish Grill
Mendocino Farms
Vons Pharmacy
Citi
Intelligentsia Coffee
Chase Bank

PROPERTY TAXES

  • Listing ID: 34620701

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 1001 N Vermont Ave, Los Angeles, CA 90029