Jeremiah Moersch REALTOR®
Office: 760-533-2540
5222 Sunset Boulevard, Los Angeles
$11,999,999
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0 Bed
0 Bath
.97 Acre
0 Garage
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.
Essential Information
- MLS® #
- 24350253
- Price
- $11,999,999
- Bathrooms
- 0.00
- Acres
- 0.97
- Year Built
- 1969
- Type
- Commercial Sale
- Status
- Active Under Contract
Community Information
- Address
- 5222 Sunset Boulevard
- Area
- C20 - Hollywood
- City
- Los Angeles
- County
- Los Angeles
- Zip Code
- 90027
- Senior Community
- N
Interior
- # of Stories
- 1
Additional Information
- Date Listed
- January 22nd, 2024
- Days on Market
- 102
- Zoning
- C2-1D TOC Tier 3
Listing Details
- Agent
- Oron Maher
- Office
- Maher Commercial Realty
Property History
Status Changed from Active to Active Under Contract
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 1:20am PDT. 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, 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.