Hollywood Retail and Warehouse
For Sale
$4,200,000
5640 Hollywood Boulevard, Los Angeles, CA 90028
Mixed-use property with retail, office, and warehouse components.
Property Size11,020 SF
Price / SF$381.13
Days on Market315
Property Features for 5640 Hollywood Boulevard
General Information
Standard status
Active
Size
11,020 SF
Property subtype
Investment
Building Details
Building Size
11,020 SF
Listed By:
Paul Brehme
(310) 899-2714
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 6
Last Checked: Oct 7 at 9:22AM
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 Paul Brehme
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$255,743
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,114,860
$5.1M
Cap Rate 7%
$3,653,471
$3.7M
Cap Rate 9%
$2,841,589
$2.8M
Market Conditions
NOI Build-Up for 11,020 SF
Gross rent
$407.3K $36.96/SF
− Vacancy
−$42.0K −$3.81/SF
EGI
$365.3K $33.15/SF
− OpEx
−$109.6K −$9.95/SF
NOI
$255.7K $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 Rate 5%
$5,114,860
Cap Rate 7%
$3,653,471
Cap Rate 9%
$2,841,589
Alternative Uses
Best Use
Retail
$3.65M
$3.20M – $4.26M
NOI $255,743 @ 7.0% cap · market cap 6.09%
Second Best
Warehouse
$2.37M
$2.08M – $2.77M
NOI $166,232 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$223.26M
$195.35M – $260.47M
NOI $15,628,101 @ 7.0% cap · market cap 372.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Los Angeles, CA
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Frequently Asked Questions
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 Boulevard 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.
