3814-3824 W Sunset Blvd, Los Angeles, CA 90026

Located in the heart of Silver Lake, a mixed-use investment property at 3814–3824 W Sunset Boulevard offers approximately 8,749 square feet of space on an 8,954 square foot lot. The property features approximately 4,338 square feet of fully leased retail and restaurant space across six ground-floor suites, along with six residential apartment units totaling approximately 4,411 square feet. Positioned along a heavily trafficked commercial corridor with over 38,000 vehicles per day, the property benefits from significant pedestrian activity and proximity to the 101 and 5 Freeways. The ground-floor retail space is leased to tenants such as Le Labo Fragrances, Garrett Leight California Optical, Yala Coffee, Naturewell, Bar Secco, and Santo Sushi. Most retail leases are structured as triple-net, with 3% annual rental increases and a weighted average remaining lease term of approximately 5.53 years. The current average retail rent is approximately $13.42 per square foot per month, with pro-forma rents reaching an average of $15.00 per square foot. The residential portion consists of six renovated apartment units, comprising a mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 735 square feet. The apartment is 83% Occupied. Units feature appliances, Euro kitchens, in-unit washer and dryers, wood floors, farmhouse sinks, butcher-block countertops, and custom-tiled baths. The current average rent across the residential units is $2,965 per month, or approximately $4.01 per square foot, while pro forma rents are projected at an average of $3,459 per month, or $4.75 per square foot.