Sold

1639 Silver Lake Boulevard

Los Angeles CA, 90026

$3,720,000


$1,264.45 per sqft

Sold

2,942 sqft

Commercial

Built in 1938

Listed by Mark Cianciulli with The CREM Group 323-347-1009

We are pleased to present to the market 1637-1639 SilverLake Blvd, a mixed-use retail and office building located in one of the most desirable pockets of Silver Lake. 1637-1639 Silver Lake Blvd is anchored by L&E Oyster Bar, one of Silver Lake's most popular restaurants since 2012. In addition to its popularity, L&E Oyster Bar has made significant investments to its space and holds a Type 47 liquor license. The other primary retail space at the property is currently vacant / will be delivered vacant, providing immediate upside potential. This short stretch of retail along Silver Lake Blvd is tucked away in a dense residential pocket north of Sunset Blvd and south of the Silver Lake Reservoir and has become one of the neighborhood's most popular destinations for locals drawn by neighboring tenants such as LAMILL Coffee Shop, Alimento, Botanica, and The Silver Lake House. Due to the unique neighborhood atmosphere, heavy foot traffic, and limited space available, vacancies are rare and rents remain competitive. Silver Lake is a trendy, creative and hip residential neighborhood located northeast of Downtown Los Angeles. Silver Lake is an immensely walkable neighborhood and Sunset Junction, the corridor of Sunset Boulevard that meets Santa Monica Blvd. is considered the "Abbot Kinney" of the Eastside. This sale includes APN's: 5425-017-003 & 5425-017-002 and a total of 5,067 sq ft of Retail/Office Space, per public record. Income and Expense Details include information from all existing businesses in operation at both 1637 and 1639 Silver Lake Blvd. True price per square feet is $789.

22206429

MLS ID

October 6, 2022

Listed

March 23, 2024

Updated

Map

1639 Silver Lake Boulevard
Los Angeles CA, 90026

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Area Name

C21 - Silver Lake - Echo Park


Days on Market

68


Garage

No


Parking Total

0


View

No


County

Los Angeles


Pool

No


Zoning

LAC2


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

5/18/2023

Sold

$3,720,000

4/25/2023

Price Change

$3,720,000

-8%

4/25/2023

Unknown

Listing Contact: 323-347-1009 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:32 AM UTC

 

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