Vermont | 6032 S Vermont Ave
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Vermont 6032 S Vermont Ave
4,200 SF Retail Building Los Angeles, CA 90044 £1,244,096 (£296/SF) 8.06% Net Initial Yield
Investment Highlights
- Heavy Foot Traffic
Executive Summary
Brand new duplex completed 2700 square feet (each side is 3 bedroom and 3 bath with own laundy and double garage) added on to the rear of existing commercial building.
The new apartments consist of 2 (3 Bedroom - 3 Bath with huge garages that can be converted to ADU's if desired) units and can be delivered vacant or with tenants.
The new apartments consist of 2 (3 Bedroom - 3 Bath with huge garages that can be converted to ADU's if desired) units and can be delivered vacant or with tenants.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£99,809
|
£23.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£99,809
|
£23.76
|
| Taxes |
£2,739
|
£0.65
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£2,739
|
£0.65
|
| Net Operating Income |
£97,071
|
£23.11
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £99,809 |
| Annual Per SF | £23.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £99,809 |
| Annual Per SF | £23.76 |
| Taxes | |
|---|---|
| Annual | £2,739 |
| Annual Per SF | £0.65 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £2,739 |
| Annual Per SF | £0.65 |
| Net Operating Income | |
|---|---|
| Annual | £97,071 |
| Annual Per SF | £23.11 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
1921/2023
Price
£1,244,096
Price Per SF
£296
Net Initial Yield
8.06%
NOI
£100,310
Tenancy
Single
Number of Floors
3
Building FAR
1.38
Lot Size
0.07 AC
Zoning
C2 - Mixed Use Building with retail facing Vermont and Brand New Duplex facing 61st
Parking
4 Spaces (0.95 Spaces per 1,000 SF Leased)
Frontage
33 ft on Vermont Ave.
Amenities
- Bus Route
- Corner Lot
- Fenced Lot
About 6032 S Vermont Ave , Los Angeles, CA 90044
Corner lot Former Bar - now two units with long term month-to-month tenants (both over 20 years). Barber Shop is $1600 a month. Party Store is $1200 a month Proforma for two 3 Bedroom/3 Bath Units $3915 each unit per month=$7830 Heavy foot traffic and wonderful location under going major gentrification.
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Babershop
- -
- -
- -
- -
- Duplex 961
- -
- -
- -
- -
- Duplex 963
- -
- -
- -
- -
- Party Supply Shop
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Babershop | - | - | - | - | ||
| Duplex 961 | - | - | - | - | ||
| Duplex 963 | - | - | - | - | ||
| Party Supply Shop | - | - | - | - |
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6004-010-008 | Total Assessment | £240,027 |
| Land Assessment | £152,745 | Annual Taxes | £2,739 (£0.65/sf) |
| Improvements Assessment | £87,282 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6004-010-008
Land Assessment
£152,745
Improvements Assessment
£87,282
Total Assessment
£240,027
Annual Taxes
£2,739 (£0.65/sf)
Tax Year
2024
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Presented by
Dr. Michael Miller
Vermont | 6032 S Vermont Ave
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