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    5162-5180 Wilshire Blvd Los Angeles, CA 90036

    For Lease
    $40 SF/Yr

    Miracle Mile Retail Space - 1,175 SF Available

    Lot size:
    10,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity presents a 1,175 square foot end-cap space within a 10,036 square foot strip center situated on the bustling Wilshire Boulevard in Los Angeles' Miracle Mile district. The property, built in 1984 and located in Los Angeles County, boasts a prominent corner location at the signalized intersection of Wilshire and Sycamore Avenues, offering excellent visibility and accessibility. The site includes ample on-site parking for customer convenience. A highly visible pole sign enhances marketing potential. The space benefits from convenient access from both cross streets. This prime location is further enhanced by its proximity to the soon-to-open Metro Purple Line station, placing it within easy reach of a significant transit-oriented population. The property sits adjacent to Hancock Park and is conveniently located near Beverly Hills and West Hollywood, providing access to affluent residential areas and a diverse customer base. The total lot size encompasses 19,856 square feet, offering ample space for customer parking and potential future expansion. The property is currently multi-tenant. This is a rare opportunity to secure a well-positioned retail space in a thriving and highly desirable location. The available space totals 1,175 square feet, offering a versatile layout suitable for a variety of retail uses. Don't miss this chance to establish your business in the heart of Los Angeles' Miracle Mile.

    Property Features for 5162-5180 Wilshire Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,036 SF
    Total Rate
    34122.4

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,175 SF
    Rate per SF
    $40

    HighLights

    • 1175 SF end‑cap retail space available.
    • Prime location adjacent to a future metro station.
    • Pole signage opportunity available.
    • High‑traffic retail corridor.
    • Surrounded by luxury apartments.
    • Ideal for pet‑related businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -118.3424289
    Latitude
    34.0620279

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    FAQs

    What type of property is this?
    Retail property - Miracle Mile Retail Space - 1,175 SF Available
    Where is this retail property located?
    The property is located at 5162-5180 Wilshire Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 1175 SF end-cap retail space available.; Prime location adjacent to a future metro station.; Pole signage opportunity available.
    Request Owner's contact information
    5162-5180 Wilshire Blvd Los Angeles, CA 90036
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5162-5180 Wilshire Blvd Los Angeles, CA 90036
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