257 E Vernon Ave is a restaurant and to be vacant 0.24 acre land development opportunity in a prime South Central location.

The 10, 305 square foot corner-lot holds an 800 square restaurant space, currently occupied by Church's Chicken, a national QSR tenant. The structure was built in 1969 and does not currently have a drive thru. The tenant's absolute NNN lease is set to expire Dec 27, 2024, so the lot will be completely vacant at the end of the calendar year. Church's chicken currently pays $4, 976/mo NNN, offering a 4.98% cap rate through the end of the year. 257 E Vernon is zoned for multifamily use with an LAR3 zoning and Tier 3 TOC designation and as an ED1 eligible site, it provides the perfect multifamily development opportunity for both market rate, TOC and affordable projects.

The site also provides the opportunity to be re-tenanted at market rents with a new restaurant operator or to be redeveloped for a build-to-suit quick service restaurant. The parcel is a quarter-acre hard signalized corner at the intersection of Vernon and San Pedro, located in a dense infill area with high traffic counts and strong foot traffic. The R3 - TOC 3 zoning allws for +/- 12 residential units by right, +/- 21 units with TOC or 75+ units via Unlimited Density with an ED1 100% Affordable Project (Buyer to verify). At $116/SF of land, no RSO obligations, no relocation fees and no Ellis Act requirements, this site is priced to sell. With easy access to the 110 and 10 freeways, future tenants will have an easy commute across the entire Greater LA area.

Request Information
on 257 E Vernon Ave
in Los Angeles, CA
Presented by Jake Glaser at
Lyon Stahl Investment Re, Inc.


Property MLS #24-403735 from TheMLSCLAW

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+ Land Info

Lot Size Acres: 0.2365702
Lot Size Source: Assessor
Topography: Flat
Lot Size Square Feet: 10305

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Active Under Contract
County: Los Angeles
Directions: Northwest corner of Vernon Ave and San Pedro St in South Central.
Source Property Type: Land
Area: Downtown L.A.
Source Neighborhood: Downtown L.A.
Parcel Number: 5113-017-014
Postal Code Plus 4: 3437
Property Location: Corner Lot
Zoning: LAR3
Source System Name: C2C
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Listed 2024-06-13
$1200000
TheMLSCLAW

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George Washington Carver Middle School is a public middle school located approximately 0.5 miles away.
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Harmony Elementary School is a public elementary school located approximately 0.6 miles away.
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Nava College Preparatory Academy is a public high school located approximately 1.1 miles away.
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Joel John Scholastic Academy is a private middle and high school located approximately 0.5 miles away.
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