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    Retail & Apartment Building with Parking Title is generated by Realmo AI

    3924 W Sunset Boulevard, Los Angeles, CA 90029

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    For Sale
    $25,500,000

    Multi-tenant retail and a 3,000 sq ft apartment, supported by an additional parking area with offices and garages.

    Type:Multi-family
    Property size:
    14,139 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $1,803/SF
    Added:
    Jun 16, 2025
    Days on Market:
    355
    Last Refresh:
    Jun 5 at 2:13 am

    Property Features for 3924 W Sunset Boulevard

    General Information

    Standard status
    Active
    Size
    14,139 SF
    Lot size
    0.45 Acres
    Property subtype
    Multi-family

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Shane Markland

    Listing office Compass

    Listing date Jun 16, 2025

    Source Sevengables

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Compass

    HighLights

    • 3924 Sunset Boulevard built in 1930, with a 14,100 sq ft structure on a 19,700 sq ft lot
    • Includes a 3,000 sq ft apartment plus eight retail spaces for a multi‑tenant setup
    • Retail tenant mix includes a bar, 120‑seat restaurant, wine shop, coffee shop, and flower shop
    • Additional 5,000 sq ft parking area includes lofty offices and garages
    • Property features over 10,000 sq ft of retail/tenant opportunities plus the apartment

    Overview

    The property at 3924 Sunset Boulevard features a large, multi-use structure on a 19,700 sq ft lot. The building totals approximately 14,100 sq ft and includes a 3,000 sq ft apartment along with eight retail spaces. Tenant mix described in the offering includes a bar, a 120-seat restaurant, a wine shop, a coffee shop, and a flower shop, providing several commercial storefront options within one ownership. The site also includes an additional 5,000 sq ft parking area, plus loft-style offices and garages.

    Positioned in the Sunset Junction area of Los Angeles, the property is presented as an established neighborhood address with multiple on-site commercial uses and dedicated parking support. The combination of retail, apartment space, and parking-oriented improvements is designed to support day-to-day operations and customer access.

    For buyers seeking a mixed-use configuration, this building offers a straightforward portfolio-like setup under one roof: multiple retail spaces paired with an on-site apartment. The listed restaurant capacity and multiple specialty retail uses can appeal to operators looking for a shared commercial environment, while the on-site parking area, offices, and garages add practical utility for management and back-of-house needs. All details above reflect the property description provided in the public remarks.
    Location Intelligence

    Current Use by Public Records

    Roger M Yanagita ... Architect

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28025
    Latitude
    34.09207

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    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail and a 3,000 sq ft apartment, supported by an additional parking area with offices and garages.
    Where is this retail space located?
    The property is located at 3924 W Sunset Boulevard Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $25,500,000.
    What are key features of this property?
    This property features: 3924 Sunset Boulevard built in 1930, with a 14,100 sq ft structure on a 19,700 sq ft lot; Includes a 3,000 sq ft apartment plus eight retail spaces for a multi‑tenant setup; Retail tenant mix includes a bar, 120‑seat restaurant, wine shop, coffee shop, and flower shop
    We can help!
    Listing Contact
    Shane Markland
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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