Los Angeles, CA 90027,5222 W Sunset BLVD
Los Angeles, CA 90027,5222 W Sunset BLVD
Los Angeles, CA 90027,5222 W Sunset BLVD
Los Angeles, CA 90027,5222 W Sunset BLVD
Los Angeles, CA 90027,5222 W Sunset BLVD
Los Angeles, CA 90027,5222 W Sunset BLVD
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$9,600,000

$11,999,999

20.0%
Est.Price: ?

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Est. payment /mo

0.97 Acres Lot


SOLD DATE : 09/12/2024

Key Details

Sold Price $9,600,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24350253

Sold Date 09/12/24

HOA Y/N No

Year Built 1969

Lot Size 0.966 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning C2-1D TOC Tier 3

Interior

Fireplace No

Building

Story 1

Others

Tax ID 5544034037

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Oron Maher • Maher Commercial Realty
Bought with Oron Maher • Maher Commercial Realty
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