5500 Sunset BlvdLos Angeles, CA 90028

Property Details for 5500 Sunset Blvd

Year built

2014

Construction

STEEL FRAME

Lot size

3.77 AC

Property size (Sq ft)

175,369 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Community centers

APN

5544-029-011

APU

5544029011

Description

This exceptional three-story retail property, located at 5500 Sunset Blvd in Los Angeles, CA 90028, offers multiple spaces for lease. Situated on 3.78 acres, the building boasts a total of 180,639 square feet, with spaces ranging from 1,495 to 10,685 contiguous square feet. Currently, 17,548 square feet are vacant, presenting a unique opportunity for businesses seeking high-visibility locations. Built in 2020, the property features 146 parking spaces and is zoned C2. The building is strategically positioned at the highly trafficked intersection of Sunset Boulevard (approximately 37,000 cars per day) and Western Avenue (approximately 34,000 cars per day), drawing from the densely populated and affluent neighborhoods of Hollywood Hills, Silver Lake, Los Feliz, and Echo Park. This area is characterized by a significant population of young families, millennials, and high-income households, exceeding 220,000 people within a two-mile radius. Further enhancing its appeal, the trade area is experiencing growth with several new housing developments. The property's APN is 5544-029-011, and it's located in the East Hollywood/Silverlake submarket within the Mid-Wilshire cluster. Don't miss this chance to secure a space in this thriving Los Angeles retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $76,037,736

  6.5%

  $70,188,680

  7%

  $65,175,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $84,037,384

  Geo Method

  $84,037,384

• Alternative Use

  Use

  Valuation

  Residential

  $59,206,776

  Hospitality

  $54,233,088

  Educational

  $45,121,292

  Medical

  $46,673,084

  Retail

  $70,188,680

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0975

Longitude

-118.31

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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