Executive Summary

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The Neema Group of Marcus & Millichap is pleased to present 6501 S Vermont Ave, a 22-unit investment opportunity located on the main thoroughfare of Vermont Ave in South Los Angeles just south of W Gage Ave with easy access to the 110 Freeway. Built in 1928, there is strong cash flow in place with a CAP rate of 4.47% on current income with an additional 26% upside in rents. The unit mix consists of 19 singles and 3 one-bedrooms apartment units. The ownership just built two ADU’s, a single and a one bedroom that will be delivered vacant. Additionally, three additional single units will be delivered vacant at the close of escrow allowing an investor to achieve market rents for those units immediately. The subject property is being offered at a 11.44 GRM on current income with a pro forma CAP rate of 6.68%. 

Six units have recently been renovated with new flooring, ceiling fans, a stainless steel kitchen refrigerator and oven, countertops, and a fresh coat of paint. In addition, there is community laundry for the building. Vermont Harbor is a densely populated neighborhood in South Los Angeles just below USC and Exposition Park. The location provides convenient access to the 110 Freeway and Downtown Los Angeles. The subject property is located nearby Vermont Gage Pocket Park, John Muir Middle School, Augustus 

Area Overview

Vermont Harbor is a densely populated neighborhood in the city of Los Angeles just below USC and Exposition Park. The location provides convenient access to the 110 Freeway and Downtown Los Angeles. The subject property is located nearby Vermont Gage Pocket Park, John Muir Middle School, Augustus Hawkins High School, and the Vermont Slauson Shopping Mall.

As the second largest metropolitan area in the United States, the Los Angeles Metropolitan Statistical Area, or the Southland, consists of both Los Angeles and Orange Counties. These two counties also make up the inner core of the Greater Los Angeles urbanized region. Los Angeles County, one of California’s original 27 counties, is one of the nation’s largest counties both in land area and population. With nearly 10 million residents, the Los Angeles population accounts for approximately 27 percent of California’s population. The area continues to grow, especially given the vigorous residential development in downtown LA.

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