310-899-2709
5858 Wilshire Blvd, Los Angeles, CA for Sale
Office - FOR SALE
1/7
null | Request Cap Rate

NEW


5858 Wilshire Blvd
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • 31,482 SF office building with ground floor retail
  • 93 Striped parking spaces (3 per 1,000 SF)
  • 38,161 SF (.87 acres) of land across 6 parcels
  • Adjacent to LACMA Geffen Galleries and across from La Brea Tar Pits
  • Rare Miracle Mile Museum Row offering
  • C4 and R3 zoning

OVERVIEW

Located adjacent to the new Geffen Galleries at LACMA and directly across from the La Brea Tar Pits, this rare Museum Row offering combines strong in place income with exceptional long term potential. The property is 75% occupied by six tenants across nine suites, with a mix of professional offices and ground floor retail, including law firms, architects, a vision center, and a dental office. The asset carries a weighted average lease term of 3.8 years, with flexible tenant buyout options available within 12–24 months. This structure allows an owner-user to consolidate multiple suites or a full floor while maintaining cash flow, or gives an investor the ability to reposition and capture value-add upside. Positioned on 38,161 square feet (.87 acres) across six parcels, the property benefits from both C4 and R3 zoning, creating a wide spectrum of redevelopment possibilities including multifamily. Ownership also has the ability to unlock equity through strategic parcel dispositions and recapitalization of the remaining property, further enhancing long-term investment flexibility.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

American Lung Association Bldg

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

C4

APN/PARCEL ID

5089-011-002

ASK ABOUT THIS PROPERTY

Tommy IsolaLee & Associates - West LAMore Info
310-899-2709

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Tommy IsolaLee & Associates - West LAMore Info
310-899-2709

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