11500-11512 S Vermont Ave
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11500-11512 S Vermont Ave
14,906 SF 100% Leased Office Building Los Angeles, CA 90044 $4,495,000 ($302/SF) 6.20% Cap Rate
Investment Highlights
- High Visibility Corner
- Multi Parcel Assemblage
- LA City TOC Tier 4 location
Executive Summary
Rare opportunity to purchase a prime signalized corner adjacent to a major Street and Freeway. Located at the Northeast corner of Vermont and the 105 freeway. There are 5 lots including 3 buildings and 2 parking lots included in this sale. Prime redevelopment opportunity, this corner is rated Tier 4 in the City of LA TOC Program. Enjoy the existing income while you work on your plans and permits or just keep this property with the existing income.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$385,620
|
$25.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$385,620
|
$25.87
|
| Taxes |
$62,438
|
$4.19
|
| Operating Expenses |
$44,426
|
$2.98
|
| Total Expenses |
$106,864
|
$7.17
|
| Net Operating Income |
$278,756
|
$18.70
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $385,620 |
| Annual Per SF | $25.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $385,620 |
| Annual Per SF | $25.87 |
| Taxes | |
|---|---|
| Annual | $62,438 |
| Annual Per SF | $4.19 |
| Operating Expenses | |
|---|---|
| Annual | $44,426 |
| Annual Per SF | $2.98 |
| Total Expenses | |
|---|---|
| Annual | $106,864 |
| Annual Per SF | $7.17 |
| Net Operating Income | |
|---|---|
| Annual | $278,756 |
| Annual Per SF | $18.70 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
14,906 SF
Building Class
C
Year Built
1955
Price
$4,495,000
Price Per SF
$302
Cap Rate
6.20%
NOI
$278,756
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,909 SF
Building FAR
0.62
Lot Size
0.55 AC
Zoning
C1 - Limited Commercial
Parking
49 Spaces (3.28 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Metro/Subway
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,680,067 (2024) | |
| Land Assessment | $1,053,527 (2024) | Annual Taxes | $62,438 ($4.19/SF) |
| Improvements Assessment | $626,540 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,053,527 (2024)
Improvements Assessment
$626,540 (2024)
Total Assessment
$1,680,067 (2024)
Annual Taxes
$62,438 ($4.19/SF)
Tax Year
2023
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11500-11512 S Vermont Ave
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