1477 Sunset Boulevard provides the investor with an immediate upside/value-add opportunity with its current tenancy and bar approval, or offers owner-users the rare opportunity to control their own real estate.. Market rents in this established Echo Park - Silver Lake market that has exhibited year-over-year value growth allows significant upside with current and future tenant rollover. This trophy asset benefits from its strong immediate demographics, and proximity to several transformative development projects currently under entitlement.
$4,500,000
$838/SF
5.88% Cap Rate (Pro Forma)