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***