Two-Story Mixed-Use
For Sale
Contact for pricing
4360 W Sunset Blvd, Los Angeles, CA 90029
Vacant corner property with commercial frontage and flexible owner-user potential in a walkable Los Angeles corridor.
Property Size3,048 SF
Price / SF$623.36
Days on Market70
Property Features for 4360 W Sunset Blvd
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
C2-1 D / Enterprise Zone
Investment Type
Value Add
Building Details
Year Built
1940
Year Renovated
2015
Buildings
1
Stories
2
Units
3
Listing Agency:
Kidder Mathews
(310) 906-3279
Listed By:
Patrick Ylagan · License #CA 02024663
Source:
Crexi
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 30 at 7:51AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This two-story mixed-use building was constructed in 1940 and is currently 100% vacant. The configuration offers flexibility for an owner-user or future leasing plan, subject to applicable approvals and buildout requirements. The property sits on a 1,527 SF lot and is classified under C2-1 D zoning with Enterprise Zone designation.
Located at 4360 W Sunset Blvd in Los Angeles, the property occupies the corner of Sunset Boulevard and Fountain Avenue. Its position within the Silver Lake community places it along a corridor characterized in the property information as having substantial pedestrian and vehicle activity. The address also provides a walkable setting near area amenities.
Located at 4360 W Sunset Blvd in Los Angeles, the property occupies the corner of Sunset Boulevard and Fountain Avenue. Its position within the Silver Lake community places it along a corridor characterized in the property information as having substantial pedestrian and vehicle activity. The address also provides a walkable setting near area amenities.
Key Highlights
- Two‑story mixed‑use building constructed in 1940
- 100% vacant, providing immediate occupancy flexibility
- 1,527 SF lot at the corner of Sunset Boulevard and Fountain Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,735
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,700
$1.4M
Cap Rate 7%
$1,010,500
$1.0M
Cap Rate 9%
$785,944
$785.9K
Market Conditions
NOI Build-Up for 3,048 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$112.7K $36.96/SF
− Vacancy
−$11.6K −$3.81/SF
EGI
$101.1K $33.15/SF
− OpEx
−$30.3K −$9.95/SF
NOI
$70.7K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,700
Cap Rate 7%
$1,010,500
Cap Rate 9%
$785,944
Alternative Uses
Best Use
Apartment 5plus
$53.89M
$47.15M – $62.87M
NOI $3,772,065 @ 7.0% cap · market cap 198.53%
Second Best
Retail
$1.01M
$884.2K – $1.18M
NOI $70,735 @ 7.0% cap · market cap 3.72%
Theoretical Best
Multifamily LT 5
$61.75M
$54.03M – $72.04M
NOI $4,322,545 @ 7.0% cap · market cap 227.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant corner property with commercial frontage and flexible owner-user potential in a walkable Los Angeles corridor.
Where is this mixed-use property located?
The property is located at 4360 W Sunset Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑story mixed‑use building constructed in 1940; 100% vacant, providing immediate occupancy flexibility; 1,527 SF lot at the corner of Sunset Boulevard and Fountain Avenue
