www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31218310
31218309

3814-3824 W Sunset Blvd, Los Angeles, CA 90026

ML
CA 01948233
Zacuto Group
Listed by Zacuto Group
$11,750,000
262 days on market
Updated 3 days ago

Mixed-Use Retail/Multifamily Opportunity in Sunset Junction

Details
Property Type Retail, Multifamily
Sub Type Restaurant, Storefront (+2)
Square Footage 8,749
Units 12
Cap Rate 5.63%
Occupancy 83%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $1,457
Year Built 1939/2023
Lot Size (SqFt) 8,954
Zoning LAC2
Ground Lease No

A+ Mixed-Use Retail and Multifamily Opportunity in Silver Lake, CA

Marketing description

Matthew Luchs of Zacuto Group is pleased to exclusively present the opportunity to acquire 3814–3824 W Sunset Boulevard, a rare and highly coveted ±8,749 square foot mixed-use investment property situated on 8,954 square feet of land located in the heart of Silver Lake, one of Los Angeles’ most culturally vibrant and economically resilient neighborhoods.

This offering presents a unique opportunity to acquire a stabilized, cash-flowing asset in one of the most dynamic submarkets in Southern California. With an institutional-quality tenant roster, secure long-term leases, below-market residential rents, and limited near-term capital requirements, 3814–3824 W Sunset Boulevard is ideally suited for both private and institutional investors seeking a well-located mixed-use asset with durable income and long-term value appreciation potential.

This premier asset consists of approximately 4,338 square feet of fully leased retail and restaurant space across six ground-floor suites, as well as six residential apartment units totaling approximately 4,411 square feet located above the commercial storefronts. The property is strategically positioned along one of the city’s most recognizable and heavily trafficked commercial corridors, offering direct exposure to over 38,000 vehicles per day and significant pedestrian activity from the surrounding dense, high-income residential population.

3814–3824 West Sunset Boulevard is located in the epicenter of Silver Lake, a neighborhood that continues to outperform most Los Angeles submarkets in terms of both retail and multifamily fundamentals. The property is surrounded by a diverse mix of high-end retailers, acclaimed restaurants, coffee shops, entertainment venues, and boutique fitness studios, all contributing to the vibrant, walkable environment that defines the Sunset Boulevard corridor. The location also benefits from proximity to major thoroughfares such as the 101 and 5 Freeways, which provide convenient access to Hollywood, Downtown Los Angeles, Glendale, and Burbank.

The ground-floor retail space is fully leased to a curated lineup of well-established, experience-driven tenants, including Le Labo Fragrances, Garrett Leight California Optical, as well as popular local operators such as Yala Coffee, Naturewell, Bar Secco, and Santo Sushi. These tenants are destination-oriented and synergistic, creating an activated street presence that draws consistent foot traffic throughout the week.

Most leases are structured as triple-net, with 3% annual rental increases, contributing to minimal landlord responsibilities and predictable income growth. The current average retail rent is approximately $13.42 per square foot per month, with pro-forma rents reaching an average of $15.00 per square foot, reflecting both the quality of tenancy and the upward momentum of the W Sunset Boulevard retail market. The weighted average remaining lease term across the retail is approximately 5.53 years, offering stability and cash flow visibility to a prospective investor.

The residential portion of the property consists of six highly renovated apartment units featuring state-of-the-art appliances, Euro kitchens, in-unit washer and dryers, honey wheat colored wood floors, farmhouse sinks, butcher-block countertops, custom-tiled baths, and gorgeous finishes, comprising a balanced mix of one-bedroom and two-bedroom layouts, with an average unit size of approximately 735 square feet. The apartment is 83% Occupied, with tenants demonstrating strong tenancy histories and long average durations of stay.

The current average rent across the residential units is $2,965 per month, or approximately $4.01 per square foot, while pro forma rents are projected at an average of $3,459 per month, or $4.75 per square foot. The residential component provides meaningful upside through natural turnover and repositioning, as most units remain significantly below market rates. With the high demand for housing in the Silver Lake submarket, the residential income can be further enhanced over time, complementing the already robust performance of the retail component.

Investment highlights

  • Trophy Retail Corner: ±8,749 SF mixed-use asset comprising ±4,338 SF of retail and restaurant space plus six residential apartments totaling ±4,411 SF in Silver Lake's vibrant core.
  • Premier Sunset Blvd Location: Strategically positioned on a highly trafficked commercial corridor with over 38,000 vehicles per day and strong pedestrian activity from a dense, affluent residential base.
  • Curated Retail Tenant Roster: Featuring Le Labo Fragrances and Garrett Leight California Optical, as well as popular local operators such as Yala Coffee, Naturewell, Bar Seco, & Santo Sushi
  • Two Fully Permitted Liquor Licenses: The property includes 2 liquor licenses, enhancing the value and flexibility for restaurant and bar operators.
  • High-Demand Submarket: Outperforming LA in retail and multifamily fundamentals, surrounded by boutique retailers, acclaimed dining, and lifestyle amenities.
  • Institutional-Quality Asset with Limited Capex: Stabilized cash flow, premier tenant mix, and minimal near-term capital expenditures create an ideal long-term hold. Wastel
  • Triple-Net Leases with Rent Growth: Most retail leases structured as NNN with 3% annual increases, providing minimal landlord responsibilities and predictable cash flow.
  • Attractive Retail Rents With Upside: Current average retail rent of $13.42/SF/month, with pro forma rents reaching $15.00/SF/month reflecting strong market momentum.
  • Exceptional Accessibility & Demographics: Convenient freeway access (101 & 5) and a catchment area of 500,000+ residents with average household incomes exceeding $110,000.
  • Stable, Long-Term Income Profile: Weighted average retail lease term of approximately 5.5 years offers substantial income stability and visibility.
  • Residential Income with Value-Add Potential: Six 83% leased 1 and 2 bedroom apartments averaging 735 SF, currently below market rents with projected pro forma rent increases.

Listing Contacts

ML
CA 01948233
Zacuto Group
Listed by Zacuto Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew Luchs
License
01948233
Brokerage Phone
3104699398
Title
CA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591