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.

Property Features:

  • Price: $11,999,999
  • Building Size: 19,404 Sq.Ft.
  • Lot Size: 42,076 Sq.Ft.
  • Price Per Sq.Ft. Building: $618.000
  • Price Per Sq.Ft. Land: $285.20
  • Zoning: C2-1D TOC Tier 3
  • Year Built: 1969
  • Development Potential: Between 91 and 200 Units (Buyer to Verify)
  • Price Per Buildable Door: $130,434
  • APN: 5544-034-037

Property ID

5214 W. Sunset Blvd._Sale

Property Type


Built in



For Sale



Additional Features


hollywood retail building for sale


los angeles commercial real estate


los angeles retail building for sale


maher commercial realty


retail for sale in hollywood


Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453

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