5222 W Sunset Boulevard Los Angeles, CA ^$ 11,999,999

5222 W Sunset Boulevard

^$ 11,999,999

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5222 W Sunset Boulevard

Los Angeles, CA, 90027

^$ 11,999,999

Studio Baths0.0 Sq 19,404

Monthly Estimate*

^$ 83,824

Listed by Maher Commercial Realty

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 1

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 2

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 3

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 4

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 5

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 6

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 7

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 8

5222 W Sunset Boulevard, Los Angeles, CA 90027 - Image 9

Studio

Commercial Property for sale in Los Angeles, CA

for $11,999,999. This 19,404 square foot building was built in 1969 on a lot size of 0.9659.

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.

Commercial Active

Price

^$ 11,999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.9659

Year Built

1969

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24350253

Days on Market

Features

General

Zoning C2-1D TOC Tier 3

HOA 0.0

Year Built 1969

County Los Angeles

Net Operating Income 622443.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions East on W. Sunset Blvd Building is between Hobart Blvd and W. Kingsley Drive

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 12

MLS Area C20 - Hollywood

Lot Size Square Feet 42076.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Sunset

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 59

Standard Status ActiveUnderContract

Cap Rate 5.19

Exterior

Total Parking 0.0

Lot Size Area 42076.0

Number of Buildings 1

Spa N

Building Area Total 19404.0

Lot Size Acres 0.9659

Lot Size Units SquareFeet

Lot Size Source Other

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Boulevard

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 5222

* Excluded Features

List By

Maher Commercial Realty

Broker

(310) 464-1453

Phone

Affordability Calculator

$83,824

Per Month

Monthly Principal & Interest: $83,824
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,169,774

Percent of Sale Price 82%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/22/2024	$11,999,999		Listed Price

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5222 W Sunset Boulevard, Los Angeles, CA, 90027 is a Commercial Property for sale at $11,999,999 with 19,404 sqft and a lot size of 0.9659. 5222 W Sunset Boulevard is a studio with 0.0 baths and was built in 1969. The property's zip code is 90027 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/30/2024. 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, 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.

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5222 W Sunset Boulevard

Commercial Property for sale in Los Angeles, CA

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