Description

Maher Commercial Realty is pleased to announce the sale of a 19,404 square foot value-add retail building on a nearly one-acre parcel of C2-1D zoned land in a TOC Tier 3 community. Maher Commercial Realty proudly represented both the buyer and the seller in this transaction.

Located in the favorable Subarea B of the Vermont/Western Station Neighborhood Area Plan, this retail center, situated in the vibrant Thai Town neighborhood of Hollywood, offered a prime investment opportunity. At the time of sale, the property was approximately 50% vacant, with most tenants on month-to-month leases or leases maturing in 2024.

Property Features:

  • Sale Price: $9,600,000
  • Building Size: 19,404 Sq.Ft.
  • Lot Size: 42,076 Sq.Ft.
  • Zoning: C2-1D TOC Tier 3
  • Year Built: 1969
  • APN: 5544-034-037

Property ID

5214 W. Sunset Blvd._Sale

Property Type

Retail

Built in

1969

Status

Sold

Price

$9,600,000.00

Additional Features

N

hollywood retail building for sale

N

los angeles commercial real estate

N

los angeles retail building for sale

N

maher commercial realty

N

retail for sale in hollywood


Agent

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • Oron@MaherCR.com
  • MaherCR.com

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