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High Street Retail with Immediate Upside 5933-5939 York Blvd 5,395 SF 100% Leased Retail Building Los Angeles, CA 90042 $5,464,134 CAD ($1,012.81 CAD/SF)
Executive Summary
The Property is anchored by Maciel’s Plant-Based Butcher, a beloved neighborhood institution with a massive following that hit its percentage rent natural breakpoint in its ?rst year of business and has paid percentage rent ever since, a strong indicator of sustained sales performance and long-term occupancy potential. Maciel’s is joined by Flamingo Lounge and Hiit-It, rounding out a diverse, service-oriented ten-ant mix that is inherently resistant to e-commerce competition. Beyond the stable in-place income, the vacancy of approximately 45% of the Property’s premier York-fronting units (±2,500 SF) creates a compelling near-term lease-up opportunity, providing investors the ability to push cash-on-cash yield by roughly 400 basis points, to an 8.27% cap rate, with minimal downtime and capital investment.
Strategically positioned on York Boulevard, recently named “Los Angeles’ coolest street” by Condé Nast Traveler, the Property bene?ts from exceptional visibility and access at the gateway to the York retail corridor, with 19,700 vehicles passing daily. The surrounding market boasts phenomenal fundamentals, with 219,000 residents within a 3-mile radius, 646,000 within 5 miles, and average household incomes exceeding $127,000. Unlike most of Los Angeles, Highland Park enjoys a strong walking culture, and the Property sits on the neighborhood’s most celebrated walk-street, just three minutes from the Metro A Line station and ?ve minutes from the 120-acre campus of Occidental College, one of the nation’s top liberal arts universities.
Highland Park has emerged as one of the most sought-after neighborhoods in Los Angeles, combining historic artistic charm with a walkable urban culture that attracts young professionals, families, and some of the city’s best restaurants, galleries, and retailers, earning international acclaim from Vogue, the New York Times, TimeOut, and Condé Nast Traveler. Continued investment in the corridor, including a ground-up Sprouts Farmers Market at 6235 York Boulevard and the 153-unit Toland Way Apartments development, reinforces the neighborhood’s long-term demand drivers.
Strategically positioned on York Boulevard, recently named “Los Angeles’ coolest street” by Condé Nast Traveler, the Property bene?ts from exceptional visibility and access at the gateway to the York retail corridor, with 19,700 vehicles passing daily. The surrounding market boasts phenomenal fundamentals, with 219,000 residents within a 3-mile radius, 646,000 within 5 miles, and average household incomes exceeding $127,000. Unlike most of Los Angeles, Highland Park enjoys a strong walking culture, and the Property sits on the neighborhood’s most celebrated walk-street, just three minutes from the Metro A Line station and ?ve minutes from the 120-acre campus of Occidental College, one of the nation’s top liberal arts universities.
Highland Park has emerged as one of the most sought-after neighborhoods in Los Angeles, combining historic artistic charm with a walkable urban culture that attracts young professionals, families, and some of the city’s best restaurants, galleries, and retailers, earning international acclaim from Vogue, the New York Times, TimeOut, and Condé Nast Traveler. Continued investment in the corridor, including a ground-up Sprouts Farmers Market at 6235 York Boulevard and the 153-unit Toland Way Apartments development, reinforces the neighborhood’s long-term demand drivers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,395 SF
Building Class
C
Year Built
1966
Price
$5,464,134 CAD
Price Per SF
$1,012.81 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.25 AC
Zoning
LAC2 - (Q)C2-1XL | Enterprise Zone | Tier 3 TOC
Parking
10 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
84’ on York Blvd
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5484-008-022 | Improvements Assessment | $1,070,507 CAD |
| Land Assessment | $1,605,760 CAD | Total Assessment | $2,676,267 CAD |
Property Taxes
Parcel Number
5484-008-022
Land Assessment
$1,605,760 CAD
Improvements Assessment
$1,070,507 CAD
Total Assessment
$2,676,267 CAD
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High Street Retail with Immediate Upside | 5933-5939 York Blvd
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