Retail Building in prime Echo Park
1724 W Sunset Blvd West Sunset Boulevard
Los Angeles, CA 90026
FOR SALE
Property Type:
Street RetailAmount:
$4,750,000
Cap Rate:
0.00%Last Verified:
Jan 04, 2024
1724 W. Sunset Blvd. is nestled within the vibrant heart of the Echo Park Community in Los Angeles, presenting an exceptional opportunity for an owner/user or an investor with a tenant in mind. Spanning 12,278 square feet, this property is strategically positioned on a 6,204 square feet signalized corner lot at the southeast corner of Sunset Blvd. & Lemoyne St.
This remarkable retail space features an impressive layout: with a 5,764 SF ground floor retail space, a spacious 5,764 square feet basement, and a 750 SF mezzanine, catering to diverse business needs. It also boasts exceptional frontage; with approximately 45 feet along Sunset Blvd. and 142 feet along Lemoyne St. This draws substantial foot traffic, with over 35,000 cars passing daily along Sunset Blvd.
This location provides a large public parking lot directly at the rear of the property, complemented by ample street parking on both Sunset Blvd & Lemoyne St. It is also just east of the major signalized intersection of Sunset Blvd. & Alvarado St., it stands as an exceptional canvas for business success.
Moreover, this location offers a walk score of 98, making it a walker's paradise. Situated near iconic landmarks like Echo Park Lake, the Jensen Recreation Building, Dodger Stadium, and Elysian Park, it fosters a vibrant and engaging community atmosphere.
Accessibility is unparalleled, with easy freeway access less than 3/4 mile from the 101 freeway and slightly over a mile from the 2 & 110 freeways. Its central position amidst neighborhoods such as Silver Lake, Koreatown, Historic Filipinotown, Chinatown, and Downtown LA caters to a diverse audience.
The property enjoys the support of a thriving community with nearly 50,000 residents within a 1-mile radius and over 500,000 residents within a 3-mile radius, ensuring an extensive and varied customer base.
In essence, 1724 W. Sunset Blvd. stands as an exceptional retail opportunity, blending location, space, accessibility, and community to create a perfect canvas for business success.