Los Angeles, CA 90027,5222 W Sunset Blvd
Los Angeles, CA 90027,5222 W Sunset Blvd
Los Angeles, CA 90027,5222 W Sunset Blvd
9
$9,600,000
$11,999,999
20.0%
Est.Price: ?

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19,404 SqFt

5222 W Sunset Blvd Los Angeles, CA 90027

Est. payment /mo
SOLD DATE : 09/12/2024

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Key Details

Sold Price $9,600,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 19,404 sqft

Price per Sqft $494

MLS Listing ID 24-350253

Year Built 1969

Lot Size 0.966 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning C2-1D TOC Tier 3

Building

Story 1

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Maher Commercial Realty
Bought with Maher Commercial Realty

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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