Under Contract

Active Under Contract

5222 W Sunset Boulevard

Los Angeles CA, 90027

$11,999,999


$618.43 per sqft

Under Contract

Active Under Contract

19,404 sqft

Commercial

Built in 1969

Listed by Oron Maher with Maher Commercial Realty 310-464-1453

Court Ordered Sale - All Offers Due by 5:00 PM on February 13, 2024. The subject property presents an investor or developer with the opportunity to purchase a 19,404 square foot value-add retail building on an almost one acre (42,076 square foot) parcel of land zoned C2-1D, and located in a TOC Tier 3 community. The property falls within the favorable Subarea B of the Vermont/Western Station Neighborhood Area Plan. The retail center is currently 50% vacant, with a majority of remaining tenants either on month-to-month leases or with lease maturity occurring in 2024. This is a unique value-add or development opportunity in the Thai Town neighborhood of Hollywood. The current zoning supports the development of 92 residential units over retail, or 91-200 units (Buyer to verify) as a 100% affordable project. The premises are approximately 50% leased, with four (4) vacant units.

24350253

MLS ID

January 22, 2024

Listed

May 25, 2024

Updated

Map

5222 W Sunset Boulevard
Los Angeles CA, 90027

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.97 Acres

Other Property Details

Area Name

C20 - Hollywood


Days on Market

59


Garage

No


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

C2-1D TOC Tier 3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

3/21/2024

Under Contract

Listing Contact: 310-464-1453 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:19 AM UTC

 

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