5123 Sunset BlvdLos Angeles, CA 90027

Property Details for 5123 Sunset Blvd

Year built

1979

Lot size

0.68 AC

Property size (Sq ft)

22,740 SF

Property type

Retail properties

Property subtype

Office properties

Description

This exceptional investment opportunity, Sunset Center, presents a well-maintained, grocery-anchored storefront retail and office building situated at 5123 Sunset Boulevard in Los Angeles, California, 90027. The property, built in 1979, boasts a total of 22,740 square feet on a 0.68-acre lot, zoned C2. The building features a balanced mix of retail and office space, with approximately 50% retail on the ground floor and a combination of retail and office space on the second floor. The asking price is $15,995,000, representing a compelling cap rate of 4.01% and a price per square foot of $701. The property benefits from 53 parking spaces, providing ample convenience for tenants and customers. Its location along Sunset Boulevard, just south of Hollywood Boulevard and north of Fountain Avenue, ensures high visibility and substantial pedestrian and vehicular traffic. The strategic location also offers proximity to key amenities, including Kaiser Permanente Hospital, Children's Hospital Los Angeles, Griffith Park, and the Vermont/Sunset Metro Station. This NNN-leased property represents a strong investment opportunity in a vibrant Los Angeles location.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0987

Longitude

-118.302

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