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    Property profile & analytics

    5353 Wilshire Blvd Los Angeles, CA 90036

    • Investment properties
    • 63,427 SF
    • 0.54 lot acres
    For Lease
    View listing
    $54 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6532349
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Boulevard on Wilshire / Apartment Rental Agency / Apartment Complex
    • Starbucks / Breakfast Restaurant / Coffee Shop
    • Museum Garden / Apartment Building
    • Los anglos apartment / Apartment Building
    • Fleur Nails and Lashes / Nail Salon

    Property Details for 5353 Wilshire Blvd

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.54 lot acres
    Property size
    63,427 SF
    Zone code
    LAC4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    5508-008-001
    APU
    5508008001

    Description

    The Boulevard on Wilshire offers a rare opportunity to lease prime retail space within a luxurious 95-unit residential complex in the heart of Los Angeles' Miracle Mile. Three spaces are currently available, ranging from 685 to 1,140 square feet, ideal for a variety of businesses. This mixed-use development boasts exceptional visibility, situated directly across from the Wilshire/La Brea D Line (Purple) Metro station, anticipated to open in 2025, ensuring high foot traffic and accessibility. Benefit from the high-volume traffic on Wilshire Boulevard, with over 85,000 daily drivers providing unparalleled branding opportunities. The property offers on-site secure parking with 12 dedicated spots, easily accessible from both Wilshire Boulevard and La Brea Boulevard. This location provides unparalleled access to Museum Row and the vibrant cultural scene of the Miracle Mile district. The spaces are perfect for businesses seeking high visibility and a strong presence in a thriving, upscale neighborhood. Lease terms and pricing are available upon request. Don't miss this chance to establish your business in one of Los Angeles' most desirable locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $19,000,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $18,470,000
      Change: -3% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.345
    Latitude
    34.0626
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $374,371
    $15,273,626
    $15,337,326
    $30,610,952
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $765,000
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      459 Fairfax Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,650 SF
      459 Fairfax Ave, Los Angeles, CA 90036-1716
      View Details
    • Value Estimation
      $3,500,000
      15,668 SF

      7350 Beverly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 15,668 SF
      7350 Beverly Blvd, Los Angeles, CA 90036-2501
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    • Value Estimation by Request
      2,168 SF

      473 Fairfax Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,168 SF
      473 Fairfax Ave, Los Angeles, CA 90036-3122
      View Details
    • Value Estimation
      $2,050,000
      16,282 SF

      827 La Brea Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 16,282 SF
      827 La Brea Ave, Los Angeles, CA 90036
      View Details
    • Value Estimation
      $1,710,000
      7,106 SF

      131 La Brea Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,106 SF
      131 La Brea Ave, Los Angeles, CA 90036-2909
      View Details
    • Value Estimation
      $1,515,000
      6,310 SF

      7218 Beverly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,310 SF
      7218 Beverly Blvd, Los Angeles, CA 90036-2558
      View Details

    Similar Nearby for Sale

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      Retail/Office Space on La Brea

      Storefront retail or office space available for purchase.
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    • Contact for pricing
      5,500 SF

      Fairfax District Retail Investment Opportunity

      Retail building in Fairfax District near Miracle Mile for sale.
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    • $2,495,000
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      Spacious Duplex in Prime Location

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    Similar Nearby for Lease

    • $22 SF/Yr
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      Flexible workspace, prime LA location.
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    • $63 SF/Yr
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      Beverly Place Retail Center

      High-traffic Los Angeles retail space.
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    • $45 SF/Yr
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      La Brea Ave Showroom - 800 SF

      Prime Los Angeles retail showroom space. Recently renovated.
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    • $60 SF/Yr
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      Beverly Blvd Retail Opportunity

      West Hollywood Retail Space - 20,486 SF
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    • $40 SF/Yr
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      Wilshire Blvd Retail Center

      Miracle Mile Retail Space - 1,175 SF Available
      5162-5180 Wilshire Blvd, Los Angeles, CA 90036
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    • $3 SF/Yr
      6,731 SF

      Wilshire Boulevard Office Space Available

      Office space available for lease on Wilshire Boulevard.
      5900 Wilshire Blvd, Los Angeles, CA 90036
      View Details
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    5353 Wilshire Blvd
    Los Angeles, CA 90036
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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