1321 S Vermont Ave
Los Angeles, CA 90006
Prime Vermont & Pico Investment Opportunity · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Prime Vermont / Pico Retail Corridor.
- Quick Access to 10 Freeway.
- Potential Redevelopment Opportunity.
PROPERTY FACTS
- Auto Repair
- General Retail Service Station
- General Retail Storefront Retail/Office
ABOUT 1321 S VERMONT AVE , LOS ANGELES, CA 90006
First time out on the market since 1983, Marcus & Millichap has been exclusively selected to market for sale, 1321 South Vermont Avenue. The offering consists of a 5,200 square foot building that is currently fully occupied by two auto related businesses. With a land size of 10,769 square feet on C2 zoning, the property is located immediately south of Pico Boulevard on Vermont Avenue in Los Angeles' robust Koreatown area. Vermont and Pico is a main retail corridor in the Koreatown/Pico-Union corridor boasting a high walk score and traffic count. This is a rare value-add retail repositioning opportunity in the prime Vermont/Pico corridor. It is strategically positioned perfectly for parking which creates an ideal development opportunity for value-add investors. With an in-place cap rate of five percent, an investor/developer will have current income to buy and hold during the planning process. This property is also ideal for any owner/users in the auto body industry as it includes a rare valuable permitted paint booth. An owner user may occupy one of the units, as well as generate additional income from the other currently occupied unit. ***Business is available for purchase. Please contact Listing agent for more details***
PROPERTY TAXES
Parcel Number | 5075-001-006 | Improvements Assessment | $364,140 |
Land Assessment | $2,392,920 | Total Assessment | $2,757,060 |
Listing ID: 17874499
Date on Market: 12/4/2019
Last Updated:
Address: 1321 S Vermont Ave, Los Angeles, CA 90006
The Harvard Heights Retail Property at 1321 S Vermont Ave, Los Angeles, CA 90006 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS
- Greater Culver City Retail Space
- Northeast Los Angeles Retail Space
- Koreatown Retail Space
- Westlake Retail Space
- East Hollywood Retail Space
- West Adams Retail Space
- Willowbrook Retail Space
- Canndu/Avalon Gardens Retail Space
- Blanco Retail Space
- Washington Culver Retail Space
- Beverlywood Retail Space
- Leimert Park Retail Space
- Arlington Heights Retail Space
- Florence-Graham Retail Space
- Vermont Harbor Retail Space
NEARBY LISTINGS
- 3201-3215 S Broadway, Los Angeles CA
- 2001 S La Cienega Blvd, Los Angeles CA
- 2808 W 8th St, Los Angeles CA
- 6200 Wilshire Blvd, Los Angeles CA
- 2360 W Washington Blvd, Los Angeles CA
- 5969 Melrose Ave, Los Angeles CA
- 4058-4070 Pico Blvd, Los Angeles CA
- 3443 W 43rd St, Los Angeles CA
- 700 S Vermont Ave, Los Angeles CA
- 4926 S Vermont Ave, Los Angeles CA
- 2323 W Olympic Blvd, Los Angeles CA
- 1115 Wall St, Los Angeles CA
- 4900-4904 W Adams Blvd, Los Angeles CA
- 791 E Pico Blvd, Los Angeles CA