3785 Wilshire BlvdLos Angeles, CA 90010

This exceptional mixed-use property, Solair Retail, presents a compelling investment opportunity in the heart of Los Angeles' Koreatown. Located at the northeast corner of Wilshire Boulevard and Western Avenue, this prominent center boasts a commanding presence, spanning an entire city block with frontage extending from Wilshire Boulevard to 6th Street. The property features 41,000 square feet of net rentable space within a total building area of 333,324 square feet, offering a diverse range of retail and residential components. Built in 2009 using Type I construction, the property includes a convenient 150-space subterranean parking garage with dedicated ingress and egress points. Adding to its appeal is its direct access to the Metro Rail Purple Line's Western Avenue station, providing unparalleled transit connectivity. The property also offers a separate digital media billboard for additional revenue potential. The asking price is $26,000,000, representing a compelling $78 per square foot and a 6.40% cap rate. The property includes both fee simple and long-term ground lease components (MTA). This asset benefits from a dense population base, with over 661,694 residents within a three-mile radius, ensuring a strong and consistent customer base. The property's prime location, modern construction, and robust infrastructure make it an ideal addition to any investment portfolio. APN: 5503-030-211 & -908, -909. This is a truly generational opportunity.