1514 S Vermont | Korea Town Retail — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Los Angeles, CA 90006
Photos
Investment Figures
- Cap rate
- 5.12%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the exclusive listing for 1514 S. Vermont Avenue, a highly coveted 12-unit retail strip center situated at the premier signalized intersection of Vermont Avenue and Venice Boulevard. Built in 1988, this stable asset features an 11,715 SF building on a spacious 0.51-acre lot. Anchored by national credit tenant H&R Block, the property offers immediate, secure cash flow with premium infill logistics, representing a prime "covered land play" with exceptional long-term, high-density redevelopment potential. The property occupies a premium, highly visible signalized hard corner that captures massive daily vehicular and pedestrian traffic at the intersection of Vermont Avenue and Venice Boulevard. This high-exposure position is anchored by H&R Block, providing investors with strong credit stability, predictable cash flow, and consistent institutional foot traffic. Beyond its strong tenancy, the physical layout offers maximum functionality. The 11,715-square-foot building is divided into 11 highly efficient retail bays and one income-generating billboard tenant. The entire operation is supported by a generous 0.51-acre lot that provides ample dedicated parking—a rare and highly valuable commodity in high-density Los Angeles. Logistically, the asset boasts unmatched regional accessibility due to its strategic proximity to the I-10 (Santa Monica Freeway), US-101 (Hollywood Freeway), and CA-110 (Harbor Freeway). This central location offers effortless, multi-directional access to Downtown Los Angeles, Hollywood, and the greater Westside markets. The property is positioned within a hyper-dense, culturally vibrant trade area that features a robust, built-in consumer base alongside a steady influx of upwardly mobile professionals. Because half-acre parcels along major Los Angeles transit corridors are rarely available, this location offers an exceptional dual-phase investment strategy. Owners can collect dependable, stabilized retail incom
Market Context
This retail in Los Angeles, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Los Angeles, CA — view the full market.
As of Q2 2026, the Greater Los Angeles retail market showed a 5.6% vacancy rate, and average asking rents near $34.14/SF/yr. Source: multiple brokerage reports, Q2 2026.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Greater Los Angeles retail market tightening or softening?
- Vacancy is around 5.6% (Q2 2026).
Estimated Price per SF
$237.99/SF – $1,731/SF
Mid: $721.17/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- William Kim · (972) 755-5283 · william.kim@marcusmillichap.com
- Tony Solomon · (310) 909-5450
- Duke Dennis · (817) 932-6172 · duke.dennis@marcusmillichap.com
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