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309-313 S Vermont Avenue
Los Angeles, CA 90020

Price: $2,500,000 Zoning: C2-1
Bldg SF: 4,800 SF Price/SF: $521
Land SF: 8,699 SF TOC: Tier 3
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Price: $2,500,000
Bldg SF: 4,800 SF
Land SF: 8,699 SF
Price/SF: $521
TOC: Tier 3
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Investment Highlights

Single-story multi-tenant retail property in prime Koreatown Location

  • Approximately 4,800 square feet of single-story street retail
  • Approximately 8,699 square feet of land zoned C2-1
  • Tier 3 TOC
  • Ideally located in the heart of Koreatown, just one parcel south of the SE signalized corner of South Vermont Avenue and West 3rd Street
  • Direct access to the Interstate 101 Ventura Freeway

 

Ideal Owner-User or Value-Add Investment

 

  • Three retail units with excellent visibility and frontage along South Vermont Avenue
  • Each unit is approximately 1,600 square feet
  • The property is currently 33% vacant
  • The property is currently leased to a dentist through 2/2026 with no options and The Check Cashing Place through 3/2025 with no options

 

Strong Underlying Fundamentals with Direct Access to Transit

 

  • daily traffic counts exceeding 40,000 vehicles per day
  • ideally located in a highly walkable locale, featuring a walk score of 96, truly a walker’s paradise
  • excellent transit, with a transit score of 79
  • 5 miles from the Wilshire/Vermont Station and the Vermont/Beverly Station
  • 1 mile from the Wilshire/Normandie Station
  • Surrounded by a sea of national credit tenants, including McDonald’s, which is one parcel south of the subject property and a host of others including Rite Aid, Vons, Sizzler, Jack in the Box, IHOP, Carl’s JR, and Target

 

Dense Immediate Population with Strong Underlying Demographics

 

  • Over 135,000 people within one mile of the subject property, over 652,000 people within three miles, and over 1,223,000 people within five miles
  • Average household income of over $44,000 within one mile of the subject property
  • 6,200 households within one mile of the center and over 29,000 households within three miles
  • Median Age of 36.6
  • Median home value of over $744,000