5640 Hollywood Blvd Los Angeles, CA 90028
Mixed-use property with retail, office, and warehouse components.
Property size:
11,020 SFProperty Features for 5640 Hollywood Blvd
General Information
- Size
- 11,020 SF
Source:
Lee-associates
Listing Agent: Paul Brehme
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hollywood Retail and Warehouse Space
The property at 5640 Hollywood Boulevard features five leasable units, including three retail units in the front building totaling approximately 2,500 square feet. The rear of the property contains an office and warehouse combination, encompassing approximately 8,520 square feet. The warehouse has bow truss ceilings, and the middle office space includes three music rehearsal studios and a lounge area. The property is currently master leased until May 2nd, 2025, generating approximately $4,415 per month ($52,980 annually) with 3% increases. The master tenant is responsible for any property tax increases due to the sale, according to the triple net lease. This property is suitable for an investor willing to hold until the master lease expires on April 2nd, 2025, at which point market rents could potentially yield a 7% or higher cap rate. Located between the 101 Freeway and Western Ave, the property is near ongoing developments, including a six-story mixed-use property with approximately 12,600 square feet of ground floor retail being developed by Wood Partners near the 101 Freeway.
Location Intelligence
Current Use by Public Records
Cirque School
Gymnastics Center
wallgreen
Convenience Store
Zen Gallery
Art Gallery
Alvin Wee Music
Music Producer
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.31295
- Latitude
- 34.1013
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Mixed-use property with retail, office, and warehouse components.
Where is this retail property located?
The property is located at 5640 Hollywood Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: - Master leased until April 2nd, 2025, providing immediate income.; - Generating ±$4,415 per month ($52,980 annually) with 3% increases.; - Triple net lease structure, potentially mitigating property tax increase liability.