$11,999,999

5222 Sunset Boulevard, Los Angeles 90027

42,076

Lot Size

Listing Agent
Oron Maher - Maher Commercial Realty

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.

Facts & Features

MLS® # 24350253
Price $11,999,999
Bathrooms 0.00
Lot Size 42,076
Year Built 1969
Type Commercial Sale
Status Active
# Of Units 12

Community Information

Address 5222 Sunset Boulevard
Area C20 - Hollywood
City Los Angeles
County Los Angeles
Zip Code 90027

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 1

Additional Information

Date Listed January 22nd, 2024
Days on Market 37
Zoning C2-1D TOC Tier 3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentOron Maher
OfficeMaher Commercial Realty

Listing Map

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