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Freestanding Retail/Restaurant for Sale 10456 S Vermont Ave

3,000 SF Vacant Retail Building Los Angeles, CA 90044 £568,059 (£189/SF) 9.92% Net Initial Yield

Investment Highlights

  • Flex use - Commercial and residential.
  • Near SoFi Stadium, Intuit Dome, Hollywood Park Casino, USC, MLK Hospital, LAX, LA County Social Services.
  • Commercial kitchen (takeout only).
  • Restaurant space on site.
  • Gated 4 parking.

Executive Summary

Ideal for an Owner/User or Investment with upside in rents. This freestanding building currently has mixed use of restaurant, retail, warehousing, and an office/apartment.
The property has ground level retail with current improvements with a commercial kitchen (takeout only), retail and warehouse space. There’s a two bedroom apartment/office upstairs and gated 4 car parking. Proforma it’s about a 9 CAP deal.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1946
Price
£568,059
Price Per SF
£189
Net Initial Yield
9.92%
NOI
£56,336
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.98
Land Acres
0.07 AC
Zoning
LAC2
Parking
2 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
24 ft on S Vermont

Amenities

  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 700-3,000 SF
  • Light Industrial
  • -
  • Now

Min/max available 700 SF - 3,000 SF. Ideal for restaurant, retail, warehousing, office, and/or living space. Equipped with current improvements, including a commercial kitchen for takeout services. Includes retail and warehouse spaces to accommodate various business needs. Upstairs living or office space with bedrooms for added flexibility. Secure gated parking for up to four cars. Ground floor: small takeout-only restaurant, retail storefront, and a rear warehouse/common space. 2nd floor: 2 bedroom/1 bath apartment/office. Spaces may be leased separately.

Space Size Space Use Position Available
1st Floor 700-3,000 SF Light Industrial - Now

1st Floor

Size
700-3,000 SF
Space Use
Light Industrial
Position
-
Available
Now

1st Floor

Size 700-3,000 SF
Space Use Light Industrial
Position -
Available Now

Min/max available 700 SF - 3,000 SF. Ideal for restaurant, retail, warehousing, office, and/or living space. Equipped with current improvements, including a commercial kitchen for takeout services. Includes retail and warehouse spaces to accommodate various business needs. Upstairs living or office space with bedrooms for added flexibility. Secure gated parking for up to four cars. Ground floor: small takeout-only restaurant, retail storefront, and a rear warehouse/common space. 2nd floor: 2 bedroom/1 bath apartment/office. Spaces may be leased separately.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6061-003-003
Land Assessment
£273,858
Improvements Assessment
£312,980
Total Assessment
£586,838
  • Listing ID: 31073034

  • Date on Market: 28/02/2024

  • Last Updated:

  • Address: 10456 S Vermont Ave, Los Angeles, CA 90044

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