15415 Sunset BlvdLos Angeles, CA 90272

Property Details for 15415 Sunset Blvd

Property size (Sq ft)

11,547 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional Class A mixed-use property, located at 15415 Sunset Boulevard in the coveted Pacific Palisades area of Los Angeles, California (zip code 90272), presents a compelling investment opportunity. The 11,547 square foot building sits on a 9,148 square foot lot and boasts a strong net operating income (NOI) of $584,372, yielding a 5.32% cap rate. The asking price is $10,975,000, translating to $950.46 per square foot and $948.25 per square foot based on land value. The property features three ground-floor retail units and ten office suites, each with its own mini-split HVAC system for efficient climate control. Eight reserved parking spaces are available on-site, supplemented by ample metered street parking. Originally constructed in the 1950s and extensively renovated, the building showcases an updated historic design with modern aesthetics, including hardwood floors and an open-concept layout. Its prime location, steps from the Palisades Village and numerous restaurants and shops, ensures high visibility and tenant demand. This meticulously maintained property offers a blend of historical charm and contemporary functionality, making it an ideal investment for both owner-users and investors seeking a strong return in a highly desirable, supply-constrained market. The property's location in one of Los Angeles' most sought-after neighborhoods promises long-term value appreciation.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0482

Longitude

-118.528

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