Hollywood Retail and Warehouse
5640 Hollywood Boulevard Los Angeles, CA 90028
5640 Hollywood Boulevard, Los Angeles, CA, 90028
$4,200,000
For Sale
$4,200,000
Mixed-use property with retail, office, and warehouse components.
Property Size11,020 SF
Price / SF$381.13
Days on Market233
Property Features for 5640 Hollywood Boulevard
General Information
- Standard status
- Active
- Size
- 11,020 SF
- Property subtype
- Investment
Listing Agency
(310) 899-2714
Listed by
Paul Brehme
Source
Lee-associates
Added: Nov 26, 2025 Checked: Jul 17 at 3:45 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $407.3k | $36.96 |
| − Vacancy | −$42.0k | −$3.81 |
| EGI | $365.3k | $33.15 |
| − OpEx | −$109.6k | −$9.95 |
| NOI | $255.7k | $23.21 |
11,020 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cirque School
Gym & Fitness Center
wallgreen
Grocery & Convenience Store
Zen Gallery
Art Gallery
Alvin Wee Music
Recording Studio
Similar For Sale Nearby
FAQs
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.
