Listed By: Zac Card

Source: Cbre

Added: Nov 22, 2025 Changed: Oct 4 Last Checked: Oct 7 at 11:36AM

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Investment Insights

Based on property information with market context.

This retail space is located in the Pacific Palisades retail corridor. The ground floor space measures 1,875 square feet with an additional 845 square feet on the mezzanine level. The property is located directly adjacent to Caruso's Palisades Village, which is slated to open in September 2018. The space includes 30 feet of frontage on Sunset Boulevard. There are four assigned parking spaces. The sublease is available until March 2021.

Key Highlights

• Prime location in the heart of the Pacific Palisades retail corridor
• Located directly adjacent to Caruso's Palisades Village
• 1,875 SF ground floor space with an additional 845 SF mezzanine**

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Barber Shop Carpet & Flooring Store Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,544

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Pacific Palisades, CA

$31.46 /SF/Yr

Avg Asking Price

$3.8–$95.4 /SF/Yr

Price Range

7,368 SF

Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space adjacent to Caruso's Palisades Village.

Where is this retail space located?

The property is located at 15231 Sunset Blvd. Pacific Palisades, CA.

What are key features of this property?

This property features: Prime location in the heart of the Pacific Palisades retail corridor; Located directly adjacent to Caruso's Palisades Village; 1,875 SF ground floor space with an additional 845 SF mezzanine**