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522 W VERNON Ave 3,346 SF 50% Leased Retail Building Los Angeles, CA 90037 $2,176,512 CAD ($650.48 CAD/SF) 8% Cap Rate
Investment Highlights
- Two separate buildings on one lot
- rare combination of stable cash flow, development upside, and flexible use
Executive Summary
Excellent income property featuring two separate structures on one lot with mixed-use potential. The front building is a two-story commercial structure with 7 bedrooms and 2 bathrooms. The rear structure is also two stories, offering a combination of residential and auxiliary space. The upper level includes two residential units: a 1-bedroom/1-bath unit and a studio.The owner is constructing a 1-bedroom ADU on the ground floor, which will add significant future income potential. Two separate buildings on one lot. Substantial existing income with growth potential. Strong tenant is paying $12,500 per month plus all utilities. Convenient central Los Angeles location near major streets, schools, and public transportation. This C2 zoning property offers a rare combination of stable cash flow, development upside, and flexible use ideal for investors seeking a multi-purpose asset in a growing area.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$204,048
|
$60.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,048
|
$60.98
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $204,048 |
| Annual Per SF | $60.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $204,048 |
| Annual Per SF | $60.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,346 SF
Building Class
C
Year Built
1904
Price
$2,176,512 CAD
Price Per SF
$650.48 CAD
Cap Rate
8%
NOI
$174,121 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.16 AC
Zoning
LAC2 - Commercial
Parking
6 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
40’ on West Vernon Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Child care
- Educational Services
- 2,246 SF
- $4.54 CAD
- Modified Gross
- Oct 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Child care | Educational Services | 2,246 SF | $4.54 CAD | Modified Gross | Oct 2025 |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 5018-033-017 | Improvements Assessment | $375,331 CAD |
| Land Assessment | $1,154,865 CAD | Total Assessment | $1,530,197 CAD |
Property Taxes
Parcel Number
5018-033-017
Land Assessment
$1,154,865 CAD
Improvements Assessment
$375,331 CAD
Total Assessment
$1,530,197 CAD
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522 W VERNON Ave
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