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21-Unit Mixed-Use LA | 6.15% Cap w 28% Upside 5151-5161 Vermont Ave 18,956 SF 100% Leased Retail Building Los Angeles, CA 90037 $4,957,289 CAD ($261.52 CAD/SF) 6.12% Cap Rate
Investment Highlights
- Rare on-site surface parking for both residential and retail tenants
- High-Yield Stability: 7 retail stores and 14 apartments offer immediate cash flow while entitling the future vision.
- Infrastructure Legacy: Benefit from permanent streetscape improvements and neighborhood revitalization funded by the 2028 Olympic legacy.
- Highly visible corner of Vermont Avenue and 51st Place
- Triple-Lot Footprint: Rare 0.35+ acre assembly providing the scale necessary for a landmark architectural project.
- Gated Security: 25-space secured parking lot provides a premium amenity that is highly scarce in the South Los Angeles submarket.
Executive Summary
Global Platinum Properties is pleased to present 5151–5163 S Vermont Avenue — a 21-unit mixed-use asset on three contiguous lots at the hard corner of Vermont Avenue and West 51st Place, in the heart of the Vermont Corridor. The property comprises 18,956 square feet of improvements across two 1924-vintage brick buildings: seven street-front retail spaces at grade and fourteen apartments above, plus a gated 26-space surface lot — an amenity that is genuinely scarce along this stretch of Vermont. Ownership completed a new electrical upgrade in 2026.
In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price — a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it.
Underneath that income sits the real story. The residential schedule carries an average in-place rent of $1,251 against a $1,821 market, and the 17,280 SF C2- 1VL-CPIO site sits within a Tier 3 Transit Oriented Communities zone — supporting, by right, a development program of up to 150 units.
In place, the asset produces $221,152 of net operating income against the $3,595,000 asking price — a 6.15% cap rate on day one, at 100% physical occupancy and with no capital required to achieve it.
Underneath that income sits the real story. The residential schedule carries an average in-place rent of $1,251 against a $1,821 market, and the 17,280 SF C2- 1VL-CPIO site sits within a Tier 3 Transit Oriented Communities zone — supporting, by right, a development program of up to 150 units.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$474,295
|
$25.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$474,295
|
$25.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$156,765
|
$8.27
|
| Net Operating Income |
$317,530
|
$16.75
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $474,295 |
| Annual Per SF | $25.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $474,295 |
| Annual Per SF | $25.02 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $156,765 |
| Annual Per SF | $8.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $317,530 |
| Annual Per SF | $16.75 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
18,956 SF
Building Class
C
Year Built
1924
Price
$4,957,289 CAD
Price Per SF
$261.52 CAD
Cap Rate
6.12%
NOI
$303,163 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.09
Lot Size
0.40 AC
Zoning
LAC2
Parking
26 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
149’ on Vermont Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Gils Auto Parts
- Wholesaler
- -
- -
- -
- Yasmine Mini Market
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Gils Auto Parts | Wholesaler | - | - | - | ||
| Yasmine Mini Market | Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,740,811 CAD | |
| Land Assessment | $3,076,787 CAD | Total Assessment | $4,817,598 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,076,787 CAD
Improvements Assessment
$1,740,811 CAD
Total Assessment
$4,817,598 CAD
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21-Unit Mixed-Use LA | 6.15% Cap w 28% Upside | 5151-5161 Vermont Ave
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