5609 W Sunset Blvd

Los Angeles, CA 90028

$8,335,857
Last Sold Price
30,274 / 0.69
Lot Size / Acres
Get preapproved with Rocket Mortgage1
Sold 3/28/24
Sold 3/28/24
a city street filled with lots of traffic and cars
a view of a entryway door
a view of storage and utility room
a view of a room with gym equipment
a group of people sitting in a room
a view of a street with cars

Description

The subject property presents an investor or developer with the opportunity to purchase a 9,346 square foot building located on a 30,274 square foot parcel on the corner of famed W. Sunset Blvd and St. Andrews in prime Hollywood, located on the same block as Target, Home Depot, and many restaurants and other retail amenities. The site benefits from a unique mix of credit tenants, including a rare drive-thru Burger King and a 7-11 operated by an experienced franchisee. A buyer can benefit from purchasing...The subject property presents an investor or developer with the opportunity to purchase a 9,346 square foot building located on a 30,274 square foot parcel on the corner of famed W. Sunset Blvd and St. Andrews in prime Hollywood, located on the same block as Target, Home Depot, and many restaurants and other retail amenities. The site benefits from a unique mix of credit tenants, including a rare drive-thru Burger King and a 7-11 operated by an experienced franchisee. A buyer can benefit from purchasing the property today and immediately collecting cash flow while simultaneously working on entitlements to build approximately 130 units. This parcel is zoned LAC2 and benefits from being in a Tier III Transit Oriented Community, which gives it a 70% density bonus on top it's by-right potential. Additionally, the property is located in Subarea C of the Vermont Western SNAP, which is the most beneficial Subarea for development of residential, allowing for increased FAR and height. Additional density incentives are available for a 100% Affordable project, allowing up to 137 units with no parking requirement. The submarket is in high demand for new residential development with 1,795 units built between 2016 and 2023, and 2,231 units in the planning pipeline within 0.5 miles. This is a very favorable parcel for development. While there is term left on some of the leases, shortening or terminating leases is likely and can potentially be arranged for the right Buyer. Conversely, leases can likely be extended, and additional income can be added if a Buyer prefers a longer hold.
  1. Listed by Oron Maher • DRE #01299093 • Brokerage DRE #01299093 • Maher Commercial Realty
  2. Listed by Jeremy Shore • DRE #02020539 • Brokerage DRE #01299093 • Maher Commercial Realty

Property Details for 5609 West Sunset Boulevard

Zoning
LAC2
Cross Streets
W. Sunset Blvd. and St. Andrews Place
Parcel Number
5544028031
Area
Hollywood (C20)
Lot Size Area
30274
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
5544-028-031
Directions
West on Sunset Blvd., North on St. Andrews Place
LISTING UPDATED: 04/03/2024 08:05 AM

Property Details for 5609 West Sunset Boulevard

StatusSold
MLS #23-289065
Days on Market249
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.69 AC
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Maher Commercial Realty, Oron Maher, DRE #01299093; Maher Commercial Realty, Jeremy Shore, DRE #02020539

Sold By Maher Commercial Realty, Oron Maher, DRE #01299093; Maher Commercial Realty, Jeremy Shore, DRE #02020539

Add your commute

Building Information for 5609 West Sunset Boulevard

Lot Size0.69 AC

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$40,628 per month

30 year fixed, 6.15% Interest

Principal and Interest

$40,628

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 5609 West Sunset Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.695
  • Lot Size Square Feet: 30274
  • Lot Description: Curbs, Street Paved
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 07-10-2023

Property History for 5609 West Sunset Boulevard

DateEvent & SourcePriceAppreciation
Mar 28, 2024

Sold

CLAW #23-289065

—
Mar 28, 2024

Sold

CRMLS #23289065

$8,335,857—
Mar 28, 2024

Sold

SDMLS #23-289065

$8,335,857—
Mar 25, 2024

Pending

CLAW #23-289065

—
Mar 25, 2024

Pending

SDMLS #23-289065

—
Jan 10, 2024

Price Change

CLAW #23-289065

$9,495,000—
Jan 10, 2024

Listed (Active)

CLAW #23-289065

$12,000,000—
Dec 31, 2023

Expired

CRMLS #23289065

$9,495,000—
Dec 31, 2023

Expired

CLAW #23-289065

$9,495,000—
Nov 1, 2023

Price Change

CRMLS #23289065

$9,495,000—
Aug 14, 2023

Price Change

CLAW #23-289065

$10,995,000—
Aug 14, 2023

Price Change

CRMLS #23289065

$10,995,000—
Jul 10, 2023

Withdrawn / Cancelled

CRMLS #23288983

$12,000,000—
Jul 10, 2023

Listed (Active)

CRMLS #23288983

$12,000,000—
Jul 10, 2023

Listed (Active)

CRMLS #23289065

$12,000,000—
Jul 10, 2023

Listed (Active)

SDMLS #23-289065

$12,000,000—
Jul 10, 2023

Listed (Active)

CLAW #23-289065

$12,000,000—
DateEvent & SourcePrice
03/28/2024

Sold

CLAW #23-289065

—
03/28/2024

Sold

CRMLS #23289065

$8,335,857
03/28/2024

Sold

SDMLS #23-289065

$8,335,857
03/25/2024

Pending

CLAW #23-289065

—
03/25/2024

Pending

SDMLS #23-289065

—
01/10/2024

Price Change

CLAW #23-289065

$9,495,000
01/10/2024

Listed (Active)

CLAW #23-289065

$12,000,000
12/31/2023

Expired

CRMLS #23289065

$9,495,000
12/31/2023

Expired

CLAW #23-289065

$9,495,000
11/01/2023

Price Change

CRMLS #23289065

$9,495,000
08/14/2023

Price Change

CLAW #23-289065

$10,995,000
08/14/2023

Price Change

CRMLS #23289065

$10,995,000
07/10/2023

Withdrawn / Cancelled

CRMLS #23288983

$12,000,000
07/10/2023

Listed (Active)

CRMLS #23288983

$12,000,000
07/10/2023

Listed (Active)

CRMLS #23289065

$12,000,000
07/10/2023

Listed (Active)

SDMLS #23-289065

$12,000,000
07/10/2023

Listed (Active)

CLAW #23-289065

$12,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5609 West Sunset Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Grant Elementary School
Public - K to 6
Apex Academy
Charter - 7 to 12
Helen Bernstein High School
Public - 9 to 12
STEM Academy at Bernstein High
Public - 9 to 12
Rating
School
Distance
Grant Elementary School
PublicK to 6

Apex Academy
Charter7 to 12

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maher Commercial Realty, Oron Maher, DRE #01299093; Maher Commercial Realty, Jeremy Shore, DRE #02020539

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.