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Commercial

5314 Sunset Blvd

5314 Sunset Blvd, Los Angeles, CA 90027

Listing Price: Request For Offer

Lot Size
0.47 acres
Land Type
Redevelopment

Investment Overview

A Unique Development Opportunity Ideally Located in a Tier 3 TOC and Opportunity Zone Along World-Famous Sunset Boulevard, just East of Western Avenue, in the High-Growth, Gentrifying sub-market of East Hollywood, CA. Marcus & Millichap has been selected to exclusively represent for sale 5314 Sunset Boulevard, a 20,397 square foot piece of land zoned C2-1D within a Tier 3 TOC and Opportunity Zone. The subject property is ideally located along iconic Sunset Boulevard, one of the major retail thoroughfares that runs through Los Angeles, just East of Western Avenue. 5314 Sunset Boulevard is ideally located in a prime part of the dense, high-growth Los Angeles County sub-market of East Hollywood. Significant development is occurring in the immediate area, with over 4,400 in-progress and recently completed residential units in the local sub-market. The property is located 2 miles from AVA Hollywood at La Pietra Place, a 695 unit development project, 1.5 miles from The Rise Hollywood, a 369 unit development project, and 2.5 miles from 6901 Santa Monica Boulevard, a 231 unit development project. The property is also located less than three blocks from two substantial developments, and is located less than half a mile from Netflix. SunWest is being developed by Reliable Properties at the northwest corner of Sunset & Western, and is slated to include 293 residential units above 33,000 square feet of commercial space. 5314 Sunset Boulevard is located across the street from 5420 Sunset Boulevard, currently a Food4Less, which is being developed by American Commercial Equities into 735 residential units accompanied by 95,820 square feet of commercial space. The property is also located less than one half mile from 1350 N Western Avenue, 70,000 square feet of which is leased to Netflix. 1350 Western Avenue is also a proposed development site for 203 residential units along with 14,231 square feet of commercial space. The offering consists of a 20,397 square foot lot zoned C2-1D, Tier 3 TOC, within an Opportunity Zone, and in Subarea B of the Vermont/Western Station Neighborhood Area Plan (Buyer to Verify). The subject property benefits from excellent frontage and visibility, with over 120 feet of linear frontage along world-famous Sunset Boulevard. The property features an excellent walk score of 92 (Walker’s Paradise), and strong daily traffic counts of 28,260 vehicles per day. The property is currently home to a 14,196 square foot structure, currently 100% vacant.

Investment Highlights

  • 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
  • 20,397 square feet of land zoned C2-1D

Exclusively Listed By

Listing Price: Request For Offer

Lot Size
0.47 acres
Land Type
Redevelopment

Investment Highlights

  • 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
  • 20,397 square feet of land zoned C2-1D

Investment Overview

A Unique Development Opportunity Ideally Located in a Tier 3 TOC and Opportunity Zone Along World-Famous Sunset Boulevard, just East of Western Avenue, in the High-Growth, Gentrifying sub-market of East Hollywood, CA. Marcus & Millichap has been selected to exclusively represent for sale 5314 Sunset Boulevard, a 20,397 square foot piece of land zoned C2-1D within a Tier 3 TOC and Opportunity Zone. The subject property is ideally located along iconic Sunset Boulevard, one of the major retail thoroughfares that runs through Los Angeles, just East of Western Avenue. 5314 Sunset Boulevard is ideally located in a prime part of the dense, high-growth Los Angeles County sub-market of East Hollywood. Significant development is occurring in the immediate area, with over 4,400 in-progress and recently completed residential units in the local sub-market. The property is located 2 miles from AVA Hollywood at La Pietra Place, a 695 unit development project, 1.5 miles from The Rise Hollywood, a 369 unit development project, and 2.5 miles from 6901 Santa Monica Boulevard, a 231 unit development project. The property is also located less than three blocks from two substantial developments, and is located less than half a mile from Netflix. SunWest is being developed by Reliable Properties at the northwest corner of Sunset & Western, and is slated to include 293 residential units above 33,000 square feet of commercial space. 5314 Sunset Boulevard is located across the street from 5420 Sunset Boulevard, currently a Food4Less, which is being developed by American Commercial Equities into 735 residential units accompanied by 95,820 square feet of commercial space. The property is also located less than one half mile from 1350 N Western Avenue, 70,000 square feet of which is leased to Netflix. 1350 Western Avenue is also a proposed development site for 203 residential units along with 14,231 square feet of commercial space. The offering consists of a 20,397 square foot lot zoned C2-1D, Tier 3 TOC, within an Opportunity Zone, and in Subarea B of the Vermont/Western Station Neighborhood Area Plan (Buyer to Verify). The subject property benefits from excellent frontage and visibility, with over 120 feet of linear frontage along world-famous Sunset Boulevard. The property features an excellent walk score of 92 (Walker’s Paradise), and strong daily traffic counts of 28,260 vehicles per day. The property is currently home to a 14,196 square foot structure, currently 100% vacant.

Exclusively Listed By

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