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

5222 West Sunset Boulevard

^$ 11,999,999

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5222 West Sunset Boulevard

Los Angeles, CA, 90027

^$ 11,999,999

Studio Baths0.0

Monthly Estimate*

^$ 83,824

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

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

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

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

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

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

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

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

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

Studio

Commercial Property for sale in Los Angeles, CA

for $11,999,999. This building was built in 1969.

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 Contingent

Price

^$ 11,999,999

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1969

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024350253

Features

General

Zoning C2-1D TOC Tier 3

Year Built 1969

County Los Angeles

Net Operating Income 622443.0

Property Type F

Contingency Active Under Contract

Status Active Under Contract

City Los Angeles

MLS Area C20 - Hollywood

Lot Size Square Feet 0.0

Street Name Sunset

Standard Status Active Under Contract

Exterior

Lot Size Area 42076.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 1

Street Suffix Boulevard

Total Baths 0

* Excluded Features

List By

Oron Maher

Listing Agent

Maher Commercial Realty

Broker

Affordability Calculator

$83,824

Per Month

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

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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 ^$2,248,228

Percent of Sale Price 81%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/23/2024	$11,999,999		Listed Price

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5222 West Sunset Boulevard, Los Angeles, CA, 90027 is a Commercial Property for sale at $11,999,999. 5222 West 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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5222 West Sunset Boulevard

Commercial Property for sale in Los Angeles, CA

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