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12222 Wilshire Blvd - Wilshire Borgata 9,785 SF Retail Condo Unit Offered at $4,600,000 in Los Angeles, CA 90025
Investment Highlights
- Prime Wilshire Blvd frontage with exposure to over 45,000 vehicles per day.
- Located in affluent Westside LA with nearly 50,000 residents within one mile.
- Pro-forma NOI of $275,989 and 5.63% cap rate at $4.9M list price.
- Class A mixed-use asset with modern design and high construction standards.
- 83% occupancy across 6 retail suites with durable in-place income.
- Excellent access to I-405, I-10, Metro bus, and new D Line subway extension.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 4263-001-130, 4263-001-131 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 4263-001-130, 4263-001-131 |
Description
Matthews™ is pleased to present 12222 Wilshire Blvd, Suites 101-106, Los Angeles, CA 90025, a highly visible retail condominium opportunity located within a Class A mixed-use property along one of West Los Angeles’ most prominent commercial corridors. Built in 1996 and renovated in 2008, the offering consists of six retail condominium suites totaling approximately 9,785 square feet with frontage and exposure along Wilshire Boulevard to more than 45,000 vehicles per day. Positioned within an affluent and densely populated Westside location, the property benefits from approximately 53,649 residents within one mile, 26,979 households within one mile, and average household incomes exceeding $178,000 within the same radius. The retail component also benefits from the built-in customer base, daily activity, and neighborhood synergy created by the residential condominiums above, further supporting tenant demand and long-term occupancy appeal.
Sale Notes
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101-106 | 9,785 SF | Retail | $4,600,000 ($470.11/SF) | $275,956 |
Unit 101-106
| Unit Size |
| 9,785 SF |
| Condo Use |
| Retail |
| Price |
| $4,600,000 ($470.11/SF) |
| NOI |
| $275,956 |
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Unit 101-106
| Unit Size | 9,785 SF |
| Condo Use | Retail |
| Price | $4,600,000 ($470.11/SF) |
| NOI | $275,956 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 4263-001-130, 4263-001-131 |
| Description | |
| Matthews™ is pleased to present 12222 Wilshire Blvd, Suites 101-106, Los Angeles, CA 90025, a highly visible retail condominium opportunity located within a Class A mixed-use property along one of West Los Angeles’ most prominent commercial corridors. Built in 1996 and renovated in 2008, the offering consists of six retail condominium suites totaling approximately 9,785 square feet with frontage and exposure along Wilshire Boulevard to more than 45,000 vehicles per day. Positioned within an affluent and densely populated Westside location, the property benefits from approximately 53,649 residents within one mile, 26,979 households within one mile, and average household incomes exceeding $178,000 within the same radius. The retail component also benefits from the built-in customer base, daily activity, and neighborhood synergy created by the residential condominiums above, further supporting tenant demand and long-term occupancy appeal.</li></ul> | |
| Sale Notes | |
| David Harrington<br> Matthews Real Estate Investment Services, Inc<br> License # 02168060, 01320460 (CA)<br> 2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245<br> (866) 889-0550</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 58,710 SF | Typical Floor Size | 4,893 SF |
| Property Type | Multifamily (Condo) | Year Built | 1996 |
| Property Subtype | Apartment | Lot Size | 0.63 AC |
| Building Class | B | Parking Ratio | 3.37/1,000 SF |
| Floors | 5 | ||
| Zoning | LAC2 - Commercial | ||
| Total Building Size | 58,710 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 4,893 SF |
| Year Built | 1996 |
| Lot Size | 0.63 AC |
| Parking Ratio | 3.37/1,000 SF |
| Zoning | LAC2 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 60 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
1 of 8
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12222 Wilshire Blvd - Wilshire Borgata
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