Under Contract
5222 W Sunset Boulevard
Los Angeles CA, 90027
$11,999,999
$618.43 per sqft
Under Contract
19,404 sqft
Commercial
Built in 1969
Listed by Oron Maher with Maher Commercial Realty 310-464-1453
Court Ordered Sale - All Offers Due by 5:00 PM on February 13, 2024. The subject property presents an investor or developer with the opportunity to purchase a 19,404 square foot value-add retail building on an almost one acre (42,076 square foot) parcel of land zoned C2-1D, and located in a TOC Tier 3 community. The property falls within the favorable Subarea B of the Vermont/Western Station Neighborhood Area Plan. The retail center is currently 50% vacant, with a majority of remaining tenants either on month-to-month leases or with lease maturity occurring in 2024. This is a unique value-add or development opportunity in the Thai Town neighborhood of Hollywood. The current zoning supports the development of 92 residential units over retail, or 91-200 units (Buyer to verify) as a 100% affordable project. The premises are approximately 50% leased, with four (4) vacant units.
24350253
MLSⓇ ID
January 22, 2024
Listed
March 28, 2024
Updated
Map
5222 W Sunset Boulevard
Los Angeles CA, 90027
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.97 Acres
Other Property Details
Area Name
C20 - Hollywood
Days on Market
59
Garage
No
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
C2-1D TOC Tier 3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
3/21/2024 | Under Contract | — |
Listing Contact: 310-464-1453
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:17 PM UTC