1639 Silver Lake Boulevard, Los Angeles, CA 90026

$3,720,000
Sold Price
$3,720,000
List Price
$4,000,000
Closing Date
Apr 24, 2023
Status
CLOSED
MLS#
22206429
Year Built
1938
Lot Size
2,500
Acres
0.06
Days on Market
67
Property Type
Commercial

Property Description

We are pleased to present to the market 1637-1639 SilverLake Blvd, a mixed-use retail and office building located in one of the most desirable pockets of Silver Lake. 1637-1639 Silver Lake Blvd is anchored by L&E Oyster Bar, one of Silver Lake's most popular restaurants since 2012. In addition to its popularity, L&E Oyster Bar has made significant investments to its space and holds a Type 47 liquor license. The other primary retail space at the property is currently vacant / will be delivered vacant, providing immediate upside potential. This short stretch of retail along Silver Lake Blvd is tucked away in a dense residential pocket north of Sunset Blvd and south of the Silver Lake Reservoir and has become one of the neighborhood's most popular destinations for locals drawn by neighboring tenants such as LAMILL Coffee Shop, Alimento, Botanica, and The Silver Lake House. Due to the unique neighborhood atmosphere, heavy foot traffic, and limited space available, vacancies are rare and rents remain competitive. Silver Lake is a trendy, creative and hip residential neighborhood located northeast of Downtown Los Angeles. Silver Lake is an immensely walkable neighborhood and Sunset Junction, the corridor of Sunset Boulevard that meets Santa Monica Blvd. is considered the "Abbot Kinney" of the Eastside. This sale includes APN's: 5425-017-003 & 5425-017-002 and a total of 5,067 sq ft of Retail/Office Space, per public record. Income and Expense Details include information from all existing businesses in operation at both 1637 and 1639 Silver Lake Blvd. True price per square feet is $789.

Additional Information

Attached Structure
Detached
Number Of Units Total
3

Listing courtesy of Listing Agent: Mark Cianciulli (mark@cremgroupre.com) from Listing Office: The CREM Group.

Listing sold by OUT OF AREA from OUT OF AREA

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.