5517SAN VICENTE BOULEVARD - LoopNet€¦ · MAR VISTA CENTURY CITY: 5517: SAN VICENTE BOULEVARD * 2 187 1 LEIMERT PARK: 8: 5517 San Vicente Boulevard is located in Mid Wilshire along
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Mid Wilshire Shopping Plaza on Signalized Corner
LOS ANGELES, CA 90019
SAN VICENTE BOULEVARD55175517
FOR SALE | FOR LEASE
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03Executive Summary
07Property Highlights
04Property Information
TABLE OF CONTENTS
05Financial Summary
06Aerial Map
LOS ANGELES, CA 90019
55175517SAN VICENTE BOULEVARD
08Area Overview
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© 2019 WESTMAC Commercial Brokerage Company. All Rights Reserved. WESTMAC Commercial Brokerage fully supports the principles of the Equal Opportunity Act. WESTMAC Commercial Brokerage Company and the WESTMAC Commercial Brokerage Company logo are registered service marks owned by WESTMAC Commercial Brokerage Company and may not be reproduced by any means or in any form whatsoever without written permission.
5517 San Vicente Boulevard is a highly visible shopping center made up of an approximate 3,990-square foot building on approximately 9,553-square feet of land. The property includes a parking lot, available signage, and billboards.
Existing tenants are on month-to-month leases. Two income producing billboards on property. 5517 San Vicente Boulevard is located at the signalized corner of San Vicente Boulevard and Hauser Boulevard in Mid Wilshire, near the popular Miracle Mile neighborhood. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity. 5517 San Vicente Boulevard is located blocks from Wilshire Boulevard, where the Petersen Automotive Museum and Los Angeles County Museum of Art (LACMA) draws hundreds of visitors a day.
PLEASE DO NOT DISTURB TENANTS
EXECUTIVE SUMMARY
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Address 5517 San Vicente Boulevard Los Angeles, CA 90019
Cross Street San Vicente Boulevard and Hauser Boulevard
Building Size Approximately 3,990 square feet
Land Size Approximately 9,553 square feet
APN 5085-012-036
Parking Eight [8] striped spaces, plus one [1] handicap
Built 1985
Zoning LAC2
Type Shopping Center plus billboard
PROPERTY INFORMATION
Please Do Not Disturb Tenants
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FINANCIAL SUMMARY
Available Space ±3,990-square feet; Divisible to ±1,690-square feet / ±2,300-square feet
Rental Rate $3.00 per square foot NNN (Property insurance and taxes are approximately $0.28/psf per month)
Availability Immediately
Leasing Information
Sale Price $3,000,000
Ownership Fee Simple
Billboard Two (2) income producing billboards; Currently leased; $1,100 monthly rent
Sale Information
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AERIAL MAP
Saban TheatreSaban Theatre
Petersen Automotive Petersen Automotive MuseumMuseum
LACMALACMA
Original Farmer’s MarketOriginal Farmer’s Market
The GroveThe Grove
La Brea Tar PitsLa Brea Tar Pits
55175517 SAN VICENTE BOULEVARD
Zimmer Children’s Zimmer Children’s MuseumMuseum
SAN VICENTE BOULEVARD
WILSHIRE BOULEVARD
OLYMPIC BOULEVARD
CITY LAUNDRYCITY LAUNDRYMasala GrillMasala Grill** **
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• Available signage• Signalized corner on four way street• Current tenants on month-to-month leases• Parking lot with eight [8]) striped spaces, plus one [1] handicap space• Surrounded by dense residential population• Centrally located in Mid Wilshire bordering Miracle Mile• Close to tourist hot spots La Brea Tar Pits, LACMA, El Rey Theater, Petersen Automotive Museum, Original Farmer’s Market, and The
Grove.
PROPERTY HIGHLIGHTS
SANTA MONICASANTA MONICA
SILVER LAKEWEST WEST HOLLYWOODHOLLYWOOD
HOLLYWOOD
WEST LAWEST LA
CULVER CITYCULVER CITY
BEVERLY HILLSBEVERLY HILLS
MID WILSHIREMID WILSHIRE
DOWNTOWNDOWNTOWN
WESTWOOD
PACIFIC PALISADES
LOS FELIZ
KOREATOWN
JEFFERSONUNIVERSITY PARK
USC
UCLA
BEVERLYWOOD
MID CITY
BEVERLY GROVE
HOLLYWOOD HILLS
BRENTWOOD
BEL AIR
MIRACLE MILE
CENTRAL LA
MAR VISTA
CENTURY CITY
55175517 SAN VICENTE BOULEVARD*
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187
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LEIMERT PARK
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5517 San Vicente Boulevard is located in Mid Wilshire along San Vicente Boulevard, on the Northwest signalized corner at Hauser Boulevard. The four-way intersection includes various retailers - 7-Eleven, Subway, Yummy.com, City Laundry, Masala Grill, and others - that service the large residential population that surrounds the immediate area. The Property is blocks from Miracle Mile and Wilshire Boulevard, a hub for popular tourist attractions, retailers and cool restaurants.
5517 San Vicente Boulevard’s spectacular location puts it at the center of many of Los Angeles’ gentrificated neighborhoods, including Miracle Mile, Park La Brea and Miracle Mile. The location draws traffic from all over the city thanks to the close proximity of the La Brea Tar Pits Museum, Peterson Automotive Museum, and major thoroughfares offering unique shops and eateries, appealing to visitors from all over the world.
The property is also short distance (approximately 1.5 miles) to the popular shopping district on Melrose Boulevard, the Original Farmer’s Market and Grove.
AREA SUMMARY
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CONFIDENTIALITY STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by WESTMAC Commercial Brokerage Company or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
Jeffrey PickettExecutive Vice PresidentD. 424.832.5306pickett@westmac.comDRE# 01828924
WESTMAC Commercial Brokerage Company1515 S. Sepulveda Blvd., Los Angeles, CA 90025Phone 310.478.7700DRE# 01096973www.westmac.com
FOR MORE INFORMATION CONTACT:
T.C. Macker, CCIMPresidentD. 310.966.4352tcmacker@westmac.comDRE# 01232033
Jennifer MoscosoAssociateD. 310.966.4397moscoso@westmac.comDRE# 02044716
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LOS ANGELES, CA 9001955175517SAN VICENTE BOULEVARD
FOR SALE | FOR LEASE
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