5613-5617 San Vicente Blvd - Storefront FOR SALE


Los Angeles, CA 90019- Miracle Mile
$2,475,000 USD
760-285-7303
5613-5617 San Vicente Blvd, Los Angeles, CA for Sale
$2,475,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

5613-5617 San Vicente Blvd
Los Angeles, CA 90019
Miracle Mile


HIGHLIGHTS

  • 4,500-Square-Foot Multi-Tenant Storefront Retail Property Situated on 0.11 Acres
  • Features Three (3) Separate Units Allowing Flexible Configuration Potential for Owner-Users
  • 100% Occupancy on Month-to-Month and Short Term Leases and Below-Market Billboard Income Creating Value Add Opportunity
  • Centrally located between Beverly Hills, West Hollywood, and Downtown Los Angeles, providing strong regional connectivity

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the multi-tenant retail property located at 5613–5617 San Vicente Boulevard in Los Angeles, California. The subject property consists of approximately 4,500-square-foot of rentable building area and is situated on a 0.11-acre C2-zoned corner lot in the heart of the Miracle Mile district, one of Los Angeles’ most vibrant and densely populated urban submarkets. The fully occupied asset is comprised of three (3) separately metered units. In addition to the suite sizes allowing for high tenant demand, the short lease terms in place provide a value-add opportunity for investors and growth flexibility or mortgage cost reduction for owner-user’s. The property is constructed of durable masonry and boasts 71 feet of frontage along San Vicente Boulevard and 68 feet along Carmona Avenue, offering 135 feet of combined street frontage and excellent visibility in a highly trafficked corridor. Located along San Vicente Boulevard within the high-profile Miracle Mile corridor of Los Angeles, this compact, walkable retail submarket is anchored by Museum Row, a dense mix of multifamily housing, and a concentration of creative office space. The area’s retail inventory is smaller than most competing Westside markets, consisting primarily of street-level storefronts and small retail buildings, many of which date back to the early-to-mid 20th century and have since been renovated to accommodate modern tenants. At 7.1%, the vacancy rate in Q3 2025 sits modestly above the Los Angeles County average of approximately 5.8 percent, with turnover driven largely by normal tenant churn rather than new deliveries. With zero newly constructed retail inventory in the past decade and none under construction in Q3 2025, new supply will have no impact on vacancy rates and rent growth for the forseeable future (CoStar). The Miracle Mile submarket offers investors a stable, infill location with strong daily traffic counts, limited competition from new developments, and the potential for rent upside through tenant repositioning or re-leasing at market rates

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C2

APN/PARCEL ID

5085-006-041

ASK ABOUT THIS PROPERTY

Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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Christian DesnoesMarcus & MillichapMore Info
760-285-7303

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