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4333 Wilshire Blvd 6,607 SF Retail Building Los Angeles, CA 90010 $5,250,000 ($794.61/SF)
Investment Highlights
- Highly Visible, Standalone Asset Offering Prominent Street Presence and Identity for an Owner/User or Investor.
- Flexible Configuration Suitable for a Variety of Users Seeking a Central Los Angeles Location with Long-Term Upside.
- CR-1 Zoning with Park Mile Specific Plan (PkM) Overlay Supports a Range of Professional Office and Residential-Oriented Uses.
Executive Summary
• Prime Wilshire Boulevard Location with Strong Traffic Counts of 46,000+ Cars
Per Day and Excellent Connectivity to Key Los Angeles Submarkets
• Prominent Frontage with Dedicated Access Points Enhancing Visibility and
Ease of Ingress/Egress
• Located Within Hancock Park, a Mature and Highly Desirable Submarket Characterized
by High Barriers to Entry and Limited New Development
• Stable, Professional Tenant Environment Driven by Park Mile Zoning Restrictions,
Supporting Long-Term Occupancy and Reduced Turnover
• Building Size and Site Layout Provide Versatility for a Wide Range of Office,
Medical, or Service-Oriented Uses in Today’s Market
BUILDING DELIVERED 100% VACANT. NO NOI.
Sale Subject to a 10-Year Deed Restriction Against Financial Services Uses.
Per Day and Excellent Connectivity to Key Los Angeles Submarkets
• Prominent Frontage with Dedicated Access Points Enhancing Visibility and
Ease of Ingress/Egress
• Located Within Hancock Park, a Mature and Highly Desirable Submarket Characterized
by High Barriers to Entry and Limited New Development
• Stable, Professional Tenant Environment Driven by Park Mile Zoning Restrictions,
Supporting Long-Term Occupancy and Reduced Turnover
• Building Size and Site Layout Provide Versatility for a Wide Range of Office,
Medical, or Service-Oriented Uses in Today’s Market
BUILDING DELIVERED 100% VACANT. NO NOI.
Sale Subject to a 10-Year Deed Restriction Against Financial Services Uses.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
6,607 SF
Building Class
C
Year Built
1968
Price
$5,250,000
Price Per SF
$794.61
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.53 AC
Zoning
CR (PKM)-1 - The Property is located within the CR-1 Zone and benefits from inclusion in the Park Mile Specific Plan (PkM), a highly curated planning overlay.
Parking
21 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Mezzanine
Very walkable
80/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5505-029-012 | Improvements Assessment | $721,138 |
| Land Assessment | $6,438,825 | Total Assessment | $7,159,963 |
Property Taxes
Parcel Number
5505-029-012
Land Assessment
$6,438,825
Improvements Assessment
$721,138
Total Assessment
$7,159,963
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4333 Wilshire Blvd
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