Sunset Fuller Plaza 7300 W Sunset Blvd 15,753 SF 100% Leased Retail Building Los Angeles, CA 90046 $16,192,672 CAD ($1,027.91 CAD/SF) 5.31% Cap Rate

MAJOR PRICE REDUCTION!!!!
Shopping Center is 100% Leased.
Prime Sunset Blvd Location: Situated on the world-renowned Sunset Blvd in Hollywood, offering unparalleled visibility and access to a high-traffic area with strong consumer demand.
Development Potential: Opportunity for a covered land play, allowing investors to capitalize on existing rental income while pursuing entitlements for a multifamily mixed-use redevelopment. All leases have a redevelopment clause.
Strong Neighborhood Demographics: The property is located in a vibrant, densely populated neighborhood, ensuring a solid consumer base and excellent long-term demand.
Strategic Corner Position: Positioned at the high-visibility corner of Sunset Blvd and Fuller Avenue, this location maximizes exposure and foot traffic.
Leasing Flexibility: Early termination rights in existing leases provide potential for redevelopment or repositioning the property, enhancing flexibility for future plans.
Significant Rental Upside if new owner wants to hold as an investment.
TOC Tier 1 Opportunity:
Eligible for Tier 1 Transit-Oriented Communities (TOC) incentives, allowing for the development of +/-113 residential units with ground-floor retail, enhancing both residential and commercial appeal.
Affordable Housing Incentives:
Potential for affordable housing development, significantly increasing the number of units and capitalizing on zoning incentives and state-supported programs.
Strong Economic Fundamentals:
The surrounding neighborhood has experienced robust economic growth, with recent mixed-use developments further driving demand and increasing property values.
State Density Mandates:
Future state mandates may support higher-density development, providing additional opportunities for developers to capitalize on increased building capacity and favorable zoning.