Prime Koreatown (LA) Investment Opportunity

Highlights:

• Stabilized, Income-Producing Asset - Crossroads on Vermont presents an exceptional opportunity to acquire a positively cash-flowing retail and office investment currently operating at 96% occupancy in one of Los Angeles’ most dynamic urban submarkets.
• Synergistic, Necessity-Based Tenant Mix - The property features a blend of daily-needs retail tenants and professional office suites, resulting in consistent foot traffic and sustained demand from the surrounding community.
• Premier High-Traffic Corner Location - Positioned at the signalized intersection of Vermont Avenue and 8th Street, the property benefits from over 60,000 vehicles of daily traffic. Combined with exceptional pedestrian activity, this corridor ranks among the most heavily trafficked in Greater Los Angeles.
• Strong Real Estate Fundamentals - Crossroads on Vermont comprises approximately 22,272 square feet of improvements situated on a 20,235 square foot parcel, offering a compelling footprint for Koreatown.
• Significant Development Potential - The property is zoned C2-1, permitting a broad range of commercial uses. Current zoning allows for development of 51 residential units by-right, with the potential to exceed 100 units with density bonuses.
• Surrounded by Robust Multifamily Growth - Within a one-mile radius, the submarket has seen the delivery of over 6,500 residential units since 2021, with an additional 2,500 units currently under construction and more than 4,000 units proposed.
• Near-Term Upside Potential - Most tenants operate on short-term gross leases, providing incoming ownership with immediate flexibility to increase rents to market and strategically convert lease structures to triple-net or modified gross.
• Exceptional Visibility and Street Presence - The asset commands approximately 150 linear feet of frontage along both Vermont Avenue and 8th Street, offering outstanding exposure for tenants.
• Ample On-Site Parking - The property provides approximately 30 dedicated on-site parking spaces, conveniently accessible from 8th Street. This is a meaningful amenity for both retail patrons and office tenants within this commercial corridor.
• Highly Coveted Transit Location – Crossroads on Vermont is around ¼ a mile away from the Wilshire/Vermont Purple Light Rail station resulting in a Transit Oriented Community Tier 3 designation

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