Mid Wilshire Shopping Plaza on Signalized Corner

LOS ANGELES, CA 90019

SAN VICENTE BOULEVARD55175517

FOR SALE | FOR LEASE

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03Executive Summary

07Property Highlights

04Property Information

TABLE OF CONTENTS

05Financial Summary

06Aerial Map

LOS ANGELES, CA 90019

55175517SAN VICENTE BOULEVARD

08Area Overview

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© 2019 WESTMAC Commercial Brokerage Company. All Rights Reserved. WESTMAC Commercial Brokerage fully supports the principles of the Equal Opportunity Act. WESTMAC Commercial Brokerage Company and the WESTMAC Commercial Brokerage Company logo are registered service marks owned by WESTMAC Commercial Brokerage Company and may not be reproduced by any means or in any form whatsoever without written permission.

5517 San Vicente Boulevard is a highly visible shopping center made up of an approximate 3,990-square foot building on approximately 9,553-square feet of land. The property includes a parking lot, available signage, and billboards.

Existing tenants are on month-to-month leases. Two income producing billboards on property. 5517 San Vicente Boulevard is located at the signalized corner of San Vicente Boulevard and Hauser Boulevard in Mid Wilshire, near the popular Miracle Mile neighborhood. Manicured homes and multifamily units make up the quiet residential neighborhood that surrounds the immediate vicinity. 5517 San Vicente Boulevard is located blocks from Wilshire Boulevard, where the Petersen Automotive Museum and Los Angeles County Museum of Art (LACMA) draws hundreds of visitors a day.

PLEASE DO NOT DISTURB TENANTS

EXECUTIVE SUMMARY

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Address 5517 San Vicente Boulevard Los Angeles, CA 90019

Cross Street San Vicente Boulevard and Hauser Boulevard

Building Size Approximately 3,990 square feet

Land Size Approximately 9,553 square feet

APN 5085-012-036

Parking Eight [8] striped spaces, plus one [1] handicap

Built 1985

Zoning LAC2

Type Shopping Center plus billboard

PROPERTY INFORMATION

Please Do Not Disturb Tenants

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FINANCIAL SUMMARY

Available Space ±3,990-square feet; Divisible to ±1,690-square feet / ±2,300-square feet

Rental Rate $3.00 per square foot NNN (Property insurance and taxes are approximately $0.28/psf per month)

Availability Immediately

Leasing Information

Sale Price $3,000,000

Ownership Fee Simple

Billboard Two (2) income producing billboards; Currently leased; $1,100 monthly rent

Sale Information

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AERIAL MAP

Saban TheatreSaban Theatre

Petersen Automotive Petersen Automotive MuseumMuseum

LACMALACMA

Original Farmer’s MarketOriginal Farmer’s Market

The GroveThe Grove

La Brea Tar PitsLa Brea Tar Pits

55175517 SAN VICENTE BOULEVARD

Zimmer Children’s Zimmer Children’s MuseumMuseum

SAN VICENTE BOULEVARD

WILSHIRE BOULEVARD

OLYMPIC BOULEVARD

CITY LAUNDRYCITY LAUNDRYMasala GrillMasala Grill** **

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• Available signage• Signalized corner on four way street• Current tenants on month-to-month leases• Parking lot with eight [8]) striped spaces, plus one [1] handicap space• Surrounded by dense residential population• Centrally located in Mid Wilshire bordering Miracle Mile• Close to tourist hot spots La Brea Tar Pits, LACMA, El Rey Theater, Petersen Automotive Museum, Original Farmer’s Market, and The

Grove.

PROPERTY HIGHLIGHTS

SANTA MONICASANTA MONICA

SILVER LAKEWEST WEST HOLLYWOODHOLLYWOOD

HOLLYWOOD

WEST LAWEST LA

CULVER CITYCULVER CITY

BEVERLY HILLSBEVERLY HILLS

MID WILSHIREMID WILSHIRE

DOWNTOWNDOWNTOWN

WESTWOOD

PACIFIC PALISADES

LOS FELIZ

KOREATOWN

JEFFERSONUNIVERSITY PARK

USC

UCLA

BEVERLYWOOD

MID CITY

BEVERLY GROVE

HOLLYWOOD HILLS

BRENTWOOD

BEL AIR

MIRACLE MILE

CENTRAL LA

MAR VISTA

CENTURY CITY

55175517 SAN VICENTE BOULEVARD*

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LEIMERT PARK

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5517 San Vicente Boulevard is located in Mid Wilshire along San Vicente Boulevard, on the Northwest signalized corner at Hauser Boulevard. The four-way intersection includes various retailers - 7-Eleven, Subway, Yummy.com, City Laundry, Masala Grill, and others - that service the large residential population that surrounds the immediate area. The Property is blocks from Miracle Mile and Wilshire Boulevard, a hub for popular tourist attractions, retailers and cool restaurants.

5517 San Vicente Boulevard’s spectacular location puts it at the center of many of Los Angeles’ gentrificated neighborhoods, including Miracle Mile, Park La Brea and Miracle Mile. The location draws traffic from all over the city thanks to the close proximity of the La Brea Tar Pits Museum, Peterson Automotive Museum, and major thoroughfares offering unique shops and eateries, appealing to visitors from all over the world.

The property is also short distance (approximately 1.5 miles) to the popular shopping district on Melrose Boulevard, the Original Farmer’s Market and Grove.

AREA SUMMARY

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CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by WESTMAC Commercial Brokerage Company or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

Jeffrey PickettExecutive Vice PresidentD. 424.832.5306pickett@westmac.comDRE# 01828924

WESTMAC Commercial Brokerage Company1515 S. Sepulveda Blvd., Los Angeles, CA 90025Phone 310.478.7700DRE# 01096973www.westmac.com

FOR MORE INFORMATION CONTACT:

T.C. Macker, CCIMPresidentD. 310.966.4352tcmacker@westmac.comDRE# 01232033

Jennifer MoscosoAssociateD. 310.966.4397moscoso@westmac.comDRE# 02044716

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LOS ANGELES, CA 9001955175517SAN VICENTE BOULEVARD

FOR SALE | FOR LEASE