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5800 Wilshire Blvd Los Angeles, CA 90036

Prime LA location, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 14,152 square foot medical office complex situated on a 26,619 square foot lot in Los Angeles' prestigious Miracle Mile, on Museum Row. The property comprises two, two-story buildings, offering 54 parking spaces. Built in 1958 and renovated in 2004, the property is zoned LA C4 and LA R3, presenting significant potential for redevelopment. Currently configured as medical offices, the property is ideal for an owner-user seeking a prime location. However, its zoning allows for a variety of uses, including boutique hotel, multi-family residential, commercial, or mixed-use development. The property's prominent location directly across from the La Brea Tar Pits and Museum, and the Los Angeles County Museum of Art (LACMA), offers unparalleled visibility and access. Its proximity to other renowned museums, Hancock Park, and the burgeoning Wilshire Boulevard corridor further enhances its desirability. The property also benefits from frontage on the Metro Purple Line subway (under construction) and easy access to Hollywood and Downtown Los Angeles. Nearby developments include a recently completed 21-story apartment tower and planned high-rise multi-family and retail projects, indicating a strong upward trend in the area. The property also presents potential for a digital billboard. The addresses included are 5800 Wilshire Blvd and 725-731 S Curson Ave, Los Angeles, CA 90036. The APN numbers are 5089-010-005

Highlights

  • Owner-user opportunity for medical, professional, or creative offices.
  • Development potential: boutique hotel, multi-family, commercial, or mixed-use.
  • Digital billboard potential.
  • Exceptional location across from La Brea Tar Pits & LACMA.
  • Proximity to numerous museums and Hancock Park.
  • Situated on Wilshire Boulevard's Miracle Mile, near diverse businesses.

Property Details for 5800 Wilshire Blvd

Property type
Retail properties, Office properties
Square Feet
14,152 SF
Year Built/Renovated
1958/2004
Buildings
2
Stories
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.06238789
Longitude
-118.35498694

FAQs

What type of property is this?
Retail property - Prime LA location, high development potential.
Where is the retail property located?
The property is located at 5800 Wilshire Blvd Los Angeles, CA.
What are key features of this property?
This property features: Owner-user opportunity for medical, professional, or creative offices.; Development potential: boutique hotel, multi-family, commercial, or mixed-use.; Digital billboard potential.
How can I contact the broker?
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5800 Wilshire Blvd
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