5222 W Sunset Boulevard, Los Angeles, CA 90027
Commercial property
Sold September 2024
Listing Agent: Oron Maher (DRE #01299093) · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Oron Maher · Maher Commercial Realty · MLS #24350253 · Source: CRMLS
About this commercial property
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.
Listing description from the September 2024 sale, as reported to CRMLS.
Sale history