3912–3916 Sunset Blvd
Retail | 5.70% CAP
Marketing description
Coda Brokerage proudly presents an opportunity to acquire 3912–3916 Sunset Boulevard—an urban mixed-use property in the vibrant Sunset Junction district of Silver Lake. The asset features a fully leased retail storefront occupied by nationally recognized tenant Warby Parker, along with two rent-stabilized apartment units at the rear of the site.
The Warby Parker lease is structured as absolute triple net (NNN), eliminating landlord obligations . With over four years remaining on the base term and built-in 3% annual rent bumps, the lease provides reliable income and growth. The retail space was significantly upgraded by the tenant upon occupancy in 2019.
Behind the commercial frontage, there are two free standing cottage-style apartment units: a 2-bedroom and a 1-bedroom unit. Tenants are currently on month-to-month agreements.
This rare mixed-use opportunity with Warby Parker as the anchor is located in the heart of Silver Lake’s iconic Sunset Junction, one of Los Angeles’ most sought-after retail corridors. Surrounded by a curated mix of trendsetting brands and culinary hotspots, the property sits steps from trendy businesses such as Malin+Goetz, Café Intelligentsia, Maison Kitsuné, Mohawk General Store, and acclaimed restaurants like Bacari, Pine & Crane, and Café Stella. This asset offers a stable, high-credit investment in one of L.A.’s trendiest and most culturally dynamic neighborhoods.
Investment highlights
- Fully Stabilized, Income-Producing Asset with national credit tenant and long-term housing occupants.
- New Roof with Warby Parker lease structure.
- Exceptional Silver Lake Location at Sunset Junction—one of LA’s trendiest walkable corridors.
- Significant Tenant Buildout with ~$300/foot in retail improvements.
- Strong Local Demographics with average household income exceeding $110,000 within one mile.
- Configuration: 1 Retail + 2 Residential Units
- Street Frontage: 54 Feet
- Parking: Street Parking Only
- Walk Score: 92 (Walker’s Paradise)
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