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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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5151 S Vermont Avenue Los Angeles, CA 90037
$3,595,000 8 beds, 21 baths
18, 906 sqft
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Agent Remarks

Global Platinum Properties is pleased to present 51515163 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 shows an average in-place rent of $1,251 against a $1,821 market rent, and the 17,280 SF C2-1VL-CPIO site sits within a Tier 3 Transit-Oriented Communities zone that supports, by right, a development program of up to 150 units.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26835873
List price is $3,595,000 Reduced by $100,000 on 8/21/2026
Beds: 8
Baths: 21
Built in 1924
18,906 sqft
2 stories
0.44 acres
Lot size: 0.4352
County: Los Angeles
Zoning: LAC2
Parking description: Gated
MLS area: C34 - Los Angeles Southwest

Last Updated: 8/21/2026

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 33.995824, -118.291861.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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