5858 Wilshire Blvd
Retail | 31,482 SqFt
Marketing description
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
The Miracle Mile district stands at the center of Los Angeles’ creative economy, home to a premier concentration of media and entertainment headquarters.
This vibrant corridor attracts top talent with its unique blend of upscale apartments, established residential neighborhoods, and a lifestyle defined by high-end dining, shopping, and nightlife. Steeped in the glamour of early Hollywood and showcased through its iconic Beaux Arts architecture, Miracle Mile continues to set the stage for innovation and culture.
Anchored by the world-class institutions of Museum Row, it offers companies and investors a rare opportunity to position themselves in one of Los Angeles’ most influential and prestigious creative hubs
Investment highlights
- Prime Location: Rare multi-tenant office opportunity in the heart of Miracle Mile’s Museum Row.
- Value-Add or Owner-User: 75% occupied by six tenants on flexible leases, creating immediate repositioning or occupancy potential.
- Owner-User Advantage: Ability to combine suites for full-floor occupancy while benefiting from rental income from existing tenants
- Stabilized Income: Strong 75% occupancy across a diverse tenant base, providing near-stabilized cash flow with upside.
- Land & Zoning Flexibility: 38,161 SF (.87 acres) across six parcels with C4 and R3 zoning, offering redevelopment potential including multifamily, mixed-use, or partial disposition/recapitalization strategies.
- Significant Signage Opportunity : Lighted wall encompassing The Full west side of the building facing the adjacent LACMA galleries and Wilshire Blvd.
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