1303 S Vermont, Los Angeles, California 90006, Los Angeles, 90006 - 0 bed, 0 bath
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1303 S Vermont
Los Angeles, California 90006
ACTIVE
CONDITION: FAIR
0Beds
0Baths
17,624Sq Ft
12,110Lot Size
Property Price
LIST PRICE$4,500,000
SUMMARY
Probably the most infamous and well known intersection in all of Los Angeles, Pico Blvd and Vermont!!! This massive 17,624 sq.ft building is currently operating at a 7.77% CAP and 8.4 GRM. The property is separately metered for gas and electricity. The building is comprised of (16) apartment units and (7) commercial spaces - it is broken down in to (15) 1-Bed/1-Bath, (1) family own restaurant 30 years here (1) beer bar, (2) retail, (1) importer store, (1) tortilleria and (1) religious store. Offering immediate upside in rental income. 1303 S. Vermont Ave. is conveniently located just minutes from Downtown Los Angeles, with easy access to the 10 and 110 freeways. There are many shops, restaurants and amenities nearby, making this an ideal location for renters and business owners.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, this century-old mixed-use building is functional and fully occupied, but shows clear signs of age. While the interior hallway indicates some cosmetic maintenance like laminate flooring, the listing's emphasis on 'rental upside' and the building's 100+ year age suggest that kitchens, bathrooms, and core systems are likely dated (>20 years) and require modernization to achieve current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Investment Yield
The property features a highly attractive 7.77% CAP rate and an 8.4 GRM, providing a strong immediate return on investment with significant upside potential in rental income.
- Prime High-Traffic Location
Situated at the iconic intersection of Pico Blvd and Vermont Ave, the building benefits from maximum visibility and foot traffic, essential for the success of its seven commercial spaces.
- Diversified Income Stream
The mixed-use composition of 16 residential units and 7 commercial tenants—including a long-term 30-year anchor restaurant—mitigates vacancy risk through a varied tenant base.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1922, the property may require substantial capital reserves for deferred maintenance, system upgrades, or seismic retrofitting common in older Los Angeles structures.
- Operational Complexity
Managing 23 distinct units with a wide variety of commercial uses (restaurant, bar, retail) requires intensive oversight and specialized knowledge of both residential and commercial leasing.
About 1303 S Vermont
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1922
- Lot Size
- 12,110 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Magnolia Avenue Elementary School
Grades K-6 • 0.3 mi
3/10
Leo Politi Elementary School
Grades K-5 • 0.4 mi
3/10
Mariposa-Nabi Primary Center
Grades K-2 • 0.6 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 17,624 | 4,165.789 |
| Lot Size | 12,110 | 6,696 |
| Price | $4.50M | $956.9K |
| Price per sq ft | $255 | $273 |
| Built year | 1922 | 1937 |
| HOA | $0 | $907 |
| Days on market | 26 | 134 |
Pricing History
Listed for Sale
Oct 14, 2026
$4,500,000
Initial Listing
Sold
Sep 12, 2017
$3,628,000
Public Record