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522 W VERNON Ave 3,346 SF 100% Leased Retail Building Los Angeles, CA 90037 $2,239,568 CAD ($669.33 CAD/SF) 8% Cap Rate
Investment Highlights
- Mixed-use asset featuring two separate structures on one gated lot in Vermont Square, Los Angeles
- Property is gated for privacy and security. Existing site improvements include multiple entry points and driveway parking options
- Strategic central location near major commuting routes, schools, and public transit in a high-demand Los Angeles submarket
- Two-story commercial building with 7 rooms and 2 bathrooms, previously operated as a daycare/preschool facility.
- Future income growth through ADU completion and leasing optimization.
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.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Day Care Center
Building Size
3,346 SF
Building Class
C
Year Built
1904
Price
$2,239,568 CAD
Price Per SF
$669.33 CAD
Cap Rate
8%
NOI
$179,165 CAD
Percent Leased
100%
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 Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mission at presence INC
- Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mission at presence INC | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5018-033-017 | Improvements Assessment | $386,205 CAD |
| Land Assessment | $1,188,323 CAD | Total Assessment | $1,574,528 CAD |
Property Taxes
Parcel Number
5018-033-017
Land Assessment
$1,188,323 CAD
Improvements Assessment
$386,205 CAD
Total Assessment
$1,574,528 CAD
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522 W VERNON Ave
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