3814-3824 W Sunset Blvd - Storefront Retail/Residential FOR SALE


Los Angeles, CA 90026- Silver Lake
$12,750,000 USD
818-519-1429
3814-3824 W Sunset Blvd, Los Angeles, CA for Sale
$12,750,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 5.63% Cap Rate

3814-3824 W Sunset Blvd
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Trophy W Sunset Signalized Retail Corner
  • ±8,749 SF mixed-use asset comprising ±4,338 SF of retail and restaurant space plus six residential apartments totaling ±4,411 SF in Silverlake
  • Strategically positioned on a highly trafficked commercial corridor with over 38,000 vehicles per day and strong pedestrian activity
  • Featuring Le Labo Fragrances, Garrett Leight California Optical, Yala Coffee, Naturewell, Bar Secco, & Santo Sushi
  • Retail leases structured as NNN with 3% annual increases, providing minimal landlord responsibilities and predictable cash flow
  • Six - 83% leased 1- and 2-bedroom apartments averaging 735 SF, currently below market rents

OVERVIEW

Matthew Luchs of Zacuto Group is pleased to exclusively present the opportunity to acquire 3814–3824 W Sunset Boulevard, a rare and highly coveted ±8,749 square foot mixed-use investment property situated on 8,954 square feet of land located in the heart of Silver Lake, one of Los Angeles’ most culturally vibrant and economically resilient neighborhoods. This premier asset consists of approximately 4,338 square feet of fully leased retail and restaurant space across six ground-floor suites, as well as six residential apartment units totaling approximately 4,411 square feet located above the commercial storefronts. The property is strategically positioned along one of the city's most recognizable and heavily trafficked commercial corridors, offering direct exposure to over 38,000 vehicles per day and significant pedestrian activity from the surrounding dense, high-income residential population. The ground-floor retail space is fully leased to a curated lineup of well-established, experience-driven tenants, including Le Labo Fragrances, Garrett Leight California Optical, as well as popular local operators such as Yala Coffee, Naturewell, Bar Secco, and Santo Sushi. These tenants are destination-oriented and synergistic, creating an activated street presence that draws consistent foot traffic throughout the week. Most leases are structured as triple-net, with 3% annual rental increases, contributing to minimal landlord responsibilities and predictable income growth. The current average retail rent is approximately $13.42 per square foot per month, with pro-forma rents reaching an average of $15.00 per square foot, reflecting both the quality of tenancy and the upward momentum of the W Sunset Boulevard retail market. The weighted average remaining lease term across the retail is approximately 5.53 years, offering stability and cash flow visibility to a prospective investor. The residential portion of the property consists of six highly renovated apartment units featuring state-of-the-art appliances, Euro kitchens, in-unit washer and dryers, honey wheat colored wood floors, farmhouse sinks, butcher-block countertops, custom-tiled baths, and gorgeous finishes, comprising a balanced mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 735 square feet. The apartment is 83% Occupied, with tenants demonstrating strong tenancy histories and long average durations of stay. The current average rent across the residential units is $2,965 per month, or approximately $4.01 per square foot, while pro forma rents are projected at an average of $3,459 per month, or $4.75 per square foot. The residential component provides meaningful upside through natural turnover and repositioning, as most units remain significantly below market rates. With the high demand for housing in the Silver Lake submarket, the residential income can be further enhanced over time, complementing the already robust performance of the retail component. 3814–3824 W Sunset Boulevard is located in the epicenter of Silver Lake, a neighborhood that continues to outperform most Los Angeles submarkets in terms of both retail and multifamily fundamentals. The property is surrounded by a diverse mix of high-end retailers, acclaimed restaurants, coffee shops, entertainment venues, and boutique fitness studios, all contributing to the vibrant, walkable environment that defines the Sunset Boulevard corridor. The location also benefits from proximity to major thoroughfares such as the 101 and 5 Freeways, which provide convenient access to Hollywood, Downtown Los Angeles, Glendale, and Burbank. The surrounding demographics are exceptionally strong, with nearly 500,000 residents within 3 miles, and a median income well above the national average. This offering presents a unique opportunity to acquire a stabilized, cash-flowing asset in one of the most dynamic submarkets in Southern California. With an institutional-quality tenant roster, secure long-term leases, below-market residential rents, and limited near-term capital requirements, 3814–3824 W Sunset Boulevard is ideally suited for both private and institutional investors seeking a well-located mixed-use asset with durable income and long-term value appreciation potential.

FOR SALE DETAILS

PRICE

$12,750,000 USD

PRICE/SF

$2,939 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

High Street Retail + Upper Residential Units

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2-2, Los Angeles

APN/PARCEL ID

5427-014-004

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.