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5314 Sunset Boulevard
Los Angeles, CA 90027

Price: $5,500,000 Zoning: C2-1D
Bldg SF: 14,196 SF Opportunity Zone: Yes
Land SF: 20,397 SF TOC: Tier 3
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Price: $5,500,000
Bldg SF: 14,196 SF
Land SF: 20,397 SF
Opportunity Zone: Yes
TOC: Tier 3
Zoning: C2-1D
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Investment Highlights

PRIME EAST HOLLYWOOD LOCATION ALONG WORLD-RENOWNED SUNSET BOULEVARD

 

  • Located in a the high-growth, burgeoning submarket of East Hollywood, CA, which boasts over 4,400 in-progress or recently completed residential development projects
  • Dense immediate population with strong underlying demographics
  • Located within close proximity to a number of national retailers and high-end residential developments
  • 120 feet of linear frontage along Sunset Boulevard

 

UNIQUE DEVELOPMENT OPPORTUNITY

 

  • 20,397 square feet of land zoned C2-1D
  • Tier 3 TOC
  • Located within an Opportunity Zone
  • High-growth sub-market undergoing significant expansion
  • Significant demand for housing in the immediate area

 

LOCATED ALONG ICONIC SUNSET BOULEVARD, ONE OF MAIN RETAIL THOROUGHFARES THROUGH LOS ANGELES

 

  • Within walking distance to Target, 99 Cents Only, El Pollo Loco, Walgreens, McDonalds, The Home Depot, GameStop, Subway, and Starbucks
  • Within close proximity to Jersey Mikes, 7-Eleven, Marshalls, Petco, and Chase Bank
  • Daily traffic counts exceed 28,000 vehicles per day
  • Walk score of 92/100, a Walker’s Paradise

 

DENSE IMMEDIATE POPULATION WITH STRONG UNDERLYING DEMOGRAPHICS

 

  • Over 76,400 people are located within one mile of the subject property, 446,800 people within three miles, and 1,089,000 within five miles
  • There are over 30,500 households located within one mile of the subject property, 189,700 with three miles, and 444,400 within five miles
  • Average household income is over $61,700 within one mile of the subject property, $80,000 within three miles, and $84,300 within five miles
  • Strong local single family home sub-market with median home value of $917,410 within one mile of the subject property