15415 Sunset BlvdLos Angeles, CA 90272

Property Details for 15415 Sunset Blvd

Property size (Sq ft)

11,547 SF

Property type

Office properties

Property subtype

Other retail 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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