SOLDMAR 28, 2024
5609 W Sunset Blvd
Los Angeles, CA 90028
Hollywood$8,335,857
Last Sold: Mar 28, 2024
12% below list $9.49M
Est. Refi. Payment $52,634/mo*
$8,335,857
Last Sold: Mar 28, 2024
12% below list $9.49M
Est. Refi. Payment $52,634/mo*
(on 0.70 acres)
Homes for Sale Near 5609 W Sunset Blvd
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- Archie Robb DRE # 02002291, Keller Williams Realty La Canada Flintridge
- Dario Svidler DRE # 01884474, Keller Williams Beverly Hills
- Philip Boroda DRE # 00822192, Coldwell Banker Realty
- Terek Kelly DRE # 01997450, The Agency
- P. Nathan Bahmanyar DRE # 01877323, Think Space Real Estate, Inc.
- Dario Svidler DRE # 01884474, Keller Williams Beverly Hills
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from April 03, 2024
The subject property presents an investor or developer with the opportunity to purchase a 9,346 square foot building located on a 30,274 square foot parcel on the corner of famed W. Sunset Blvd and St. Andrews in prime Hollywood, located on the same block as Target, Home Depot, and many restaurants and other retail amenities. The site benefits from a unique mix of credit tenants, including a rare drive-thru Burger King and a 7-11 operated by an experienced franchisee. A buyer can benefit from purchasing the property today and immediately collecting cash flow while simultaneously working on entitlements to build approximately 130 units. This parcel is zoned LAC2 and benefits from being in a Tier III Transit Oriented Community, which gives it a 70% density bonus on top it's by-right potential. Additionally, the property is located in Subarea C of the Vermont Western SNAP, which is the most beneficial Subarea for development of residential, allowing for increased FAR and height. Additional density incentives are available for a 100% Affordable project, allowing up to 137 units with no parking requirement. The submarket is in high demand for new residential development with 1,795 units built between 2016 and 2023, and 2,231 units in the planning pipeline within 0.5 miles. This is a very favorable parcel for development. While there is term left on some of the leases, shortening or terminating leases is likely and can potentially be arranged for the right Buyer. Conversely, leases can likely be extended, and additional income can be added if a Buyer prefers a longer hold.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
109 days ago
Home Details for 5609 W Sunset Blvd
Interior Features |
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View No ViewView: None |
Exterior Features |
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Frontage Road Surface Type: Paved |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Price & Status |
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Price List Price: $9,495,000 |
Status Change & Dates Off Market Date: Mon Mar 25 2024 |
Active Status |
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MLS Status: Sold |
Location |
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Direction & Address City: Los Angeles |
Lot Information |
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Lot Area: 0.70 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 1.62Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 23-289065 |
Last check for updates: about 1 hour ago
Listed by Oron Maher DRE # 01299093, (310) 464-1453
Maher Commercial Realty, (310) 464-1453
Jeremy Shore DRE # 02020539, (310) 464-1456
Maher Commercial Realty, (310) 464-1453
Bought with: Oron Maher DRE # 01299093, (310) 464-1453, Maher Commercial Realty, (310) 464-1453
Co-Buyer's Agent: Jeremy Shore DRE # 01299093, (310) 464-1456, Maher Commercial Realty, (310) 464-1453
Source: CLAW, MLS#23-289065
Price History for 5609 W Sunset Blvd
Date | Price | Event | Source |
---|---|---|---|
03/28/2024 | $8,335,857 | Sold | CLAW #23-289065 |
01/10/2024 | $9,495,000 | Listed For Sale | CLAW #23-289065 |
01/01/2024 | ListingRemoved | CLAW #23-289065 | |
11/01/2023 | $9,495,000 | PriceChange | CLAW #23-289065 |
08/14/2023 | $10,995,000 | PriceChange | CLAW #23-289065 |
07/10/2023 | $12,000,000 | Listed For Sale | CLAW #23-289065 |
Comparable Sales for 5609 W Sunset Blvd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
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0.32 | Lot/Land | $1,550,000 | 11/21/23 | - | - | ||
0.61 | Lot/Land | $1,500,000 | 07/11/23 | - | - | ||
0.61 | Lot/Land | $1,500,000 | 07/12/23 | - | - | ||
0.61 | Lot/Land | $1,020,000 | 01/18/24 | - | - | ||
0.87 | Lot/Land | $1,340,000 | 06/14/23 | - | - | ||
0.93 | Lot/Land | $1,403,518 | 10/25/23 | - | - | ||
0.89 | Lot/Land | $1,225,000 | 05/15/23 | - | - | ||
0.90 | Lot/Land | $1,225,000 | 05/15/23 | - | - |
Assigned Schools
These are the assigned schools for 5609 W Sunset Blvd.
- Helen Bernstein High School
- 9-12
- Public
- 690 Students
2/10GreatSchools RatingParent Rating AverageMy review for HBHS was not an accurate representation of HBHS. I attend STEM Academy of Hollywood, which is VERY different from HBHS. STEM is a separate Pilot school that operates in the same campus, but it seems that GreatSchools doesn't know that. HBHS seems unsafe and not as effective as STEM, and I wouldn't recommend it, especially because there is some gang activity. At STEM students participate in PBL Projects based on their pathways (Medical or Engineering), have opportunities to take AP, Honors and other advanced courses, as well as college classes. My experience at STEM so far has been great, the teachers and administration are very supportive and effective. The school keeps getting better both academically and in the community.Student Review6y ago - Grant Elementary School
- K-6
- Public
- 441 Students
5/10GreatSchools RatingParent Rating AverageThe school is located in a safe and developed area. The schools look after and treat their students very well with care and compassion. Breakfast and Lunch are provided for students who are eligible to receive it; the eligibility to get the free breakfast and lunch for students is based on their household family income. Food is not high-end quality, but acceptable and children seem to like it. Children are encouraged to be part of after-school programs and activities such as, tutoring and sport (soccer, volleyball, and basketball). My kid always want to go to school and does well very in his class. Thanks.Parent Review6y ago - Joseph Le Conte Middle School
- 6-8
- Public
- 678 Students
4/10GreatSchools RatingParent Rating AverageSchool should be a Technical School, so students get trade skills.."citizens of the world"?? Socialist goal that leaves children with no work skills.Parent Review2y ago - STEM Academy at Bernstein High
- 9-12
- Public
- 604 Students
7/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Check out schools near 5609 W Sunset Blvd.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Hollywood
- Lou
- Resident
- 4d ago
"Nothing it’s garbage. Dog poop everywhere. No parking. Trash everywhere. Can’t wait to move out of here. Traffic is insane too"
- Sugar1975
- Resident
- 2mo ago
"Friendliest families that have lived on Lemon Grove and Hobart for over 15 years. Lemon Grove Park and Melrose Hills make for a nice late afternoon walk with our two toddlers. "
- R
- Resident
- 3mo ago
"It’s an evolving neighborhood that with gentrification its becoming safer but more expensive. So only the people that have a good source of income will be able to enjoy what will become of this area in the near future"
- Trulia User
- Resident
- 4mo ago
" People don’t clean up after their dogs poop. "
- Momo Yang
- Resident
- 4mo ago
"near police station but not safe that much since they are doing nothing. quite but many homeless people."
- Trulia User
- Resident
- 5mo ago
"There is plenty of place for the dogs to use the bathroom. Very well maintained areas. Beautiful walks"
- Trulia User
- Resident
- 5mo ago
"No one picks up after their dogs. Even with the signs posted everywhere, there is dog feces all over the place. "
- Trulia User
- Resident
- 6mo ago
"other people don't pick up after there dogs. even thought it is a residential area cars still speed."
- Trulia User
- Resident
- 7mo ago
"high traffic in this area and around hollywood bowl. not very pleasant but can be convenient at times."
- Trulia User
- Resident
- 7mo ago
"I don’t like that others don’t pick up their dogs poop. You need to watch out where your walking. But schools are close. There are parks that kids can play. I feel safe walking after dark.. also there are a lot of eating place and small grocery shops. Near bus stations. Accessible to everything."
- Trulia User
- Resident
- 1y ago
"8-35 minutes to DTLA. 30-70 minutes to the coast. Can’t complain about either! Hollywood is pretty central to everything LA has to offer. "
- Trulia User
- Visitor
- 1y ago
"There are many different music venues nearby that allow for community events. A lot of the local bars are fun places to hangout at!"
- Trulia User
- Resident
- 1y ago
"I can't think of any community events in the area. mostly tourist traps and retail stores. ......,.......... "
- Trulia User
- Resident
- 1y ago
"Larchmont has a feel of small town quaintness and a great sense of community while being centrally located to everything "
- Trulia User
- Resident
- 1y ago
"Very loud all the time. Very expensive. I feel on edge walking around. All in all a bad deal. "
- Trulia User
- Resident
- 1y ago
"Bought here over a year ago and for a new young homeowner, the area feels lively but still safe. Enjoy the area"
- Trulia User
- Prev. Resident
- 1y ago
"People and their culture. Different races represented from around the world. Different varieties of food too. "
- Trulia User
- Resident
- 1y ago
"Love my neighborhood very safe all neighbors are like family to each other I grew up at this neighborhood and now my kids grew up here as well most of my neighbors are living here ever since i can remember"
- Trulia User
- Resident
- 1y ago
"It’s a safe, clean and nice neighborhood to live. People are friendly here. A lot of place to park☺️ "
- Trulia User
- Resident
- 2y ago
"Hollywood is and always will be a dangerous place to live. It’s close to most things so it’s convenient but everything else is constantly sketchy "
- Trulia User
- Resident
- 2y ago
"Runyon is always available during daylight. Cute coffee shops and eateries abound. Watch the sunset on Mulholland daily. Check out a film/TV screening. So much more. "
- Trulia User
- Resident
- 2y ago
"nothing. it sucks crime is getting worse homeless out of control . garbage everywhere, no sense of community, traffic terrible "
- Trulia User
- Resident
- 2y ago
"It’s a very beautiful neighborhood perfect for walking your dog, however, if you your dog is older or has physical difficulties it would be hard on your dog because there are lots of steep inclined hills. "
- Trulia User
- Resident
- 2y ago
"I see dog owners walk their dogs every day, anytime. You’ll see a lot of people taking a stroll anytime of any day. You’ll see a lot of joggers too, they’ll be running any time except for (high afternoons when the sun is at its highest). There are tons of park to visit with your family. The only downside here is that there are homeless everywhere. That and the real estate is pretty expensive."
- Trulia User
- Resident
- 2y ago
"Dog friendly but always watch where you’re walking because some dog owners do not pick up after their pets "
- Trulia User
- Resident
- 2y ago
"Good public transportation , close to markets and retail stores and medical facilities. There is direct freeway access to downtown pluses busses and subway"
- Trulia User
- Resident
- 2y ago
"there are always events and attractions that very unique to hollywood. my doorstep is two blocks away from the Walk of Fame, as I am entering you this I am walking down Hollywood boulevard stepping over Stars as I walked past hard Rock Cafe and the Hollywood highland Mall and approaching Ripley's Believe it or not museum. it is impossible to spend an hour or two in Hollywood and not realize you are in Hollywood. "
- Trulia User
- Resident
- 2y ago
"It’s touristy, there are lots of temporary residents and transients in this area. Homeless exist, crime exists. It’s not terrible, and there are some nice parts. Very mixed bag"
- Trulia User
- Resident
- 2y ago
"Near freeways. All good. Take the metro train DT. Great public transportation. Good shopping and takeout nearby. Love my Gelsons"
- Trulia User
- Visitor
- 2y ago
"Safe neighborhood. Cleanliness. I feel safe walking my dog, going on jogs, even leaving my door unlocked! "
- Trulia User
- Resident
- 2y ago
"It’s clean, well maintained, nice and very close to everything. We have Runyon canyon and clues to West Hollywood, Beverly Hills and many theaters and museums."
- Trulia User
- Resident
- 2y ago
"Hollywood Studio District is great! We’ve lived here a few years and love it. Diversity of people, restaurants. Central location, easy to get anywhere in LA."
- Trulia User
- Resident
- 2y ago
"The surrounding area is difficult to navigate because of rampant vagrancy along the streets and sidewalks. "
- Trulia User
- Resident
- 3y ago
"Not very kids friendly but good location for going to different parks in the city, Pan pacific, Griffith"
- Trulia User
- Resident
- 3y ago
"mixed bag of good and bad, I wouldn't suggest this neighborhood for families but for a young couple or roommates it is alot of fun."
- Kyle M.
- Resident
- 3y ago
"Fast (potentially dangerous) neighborhood and surrounding traffic, loud noises at all hours, homeless presence is significant, crime is present but not overly terrible, and ironically street parking is surprisingly ok. Mostly, the Melrose, Highland and Santa Monica traffic and general noise are primary downsides."
- Patrick C.
- Resident
- 3y ago
"Would be a great neighborhood. It’s super walkable, great restaurants and bars, but constant sirens and police helicopters. Having said that it’s actually pretty safe just very loud and dirty. And there is a significant homeless issue."
- Whitlynnb
- Resident
- 3y ago
"There is significant crime and streets are not very safe for kids to play near. I live in Melrose Hill which is literally a charming residential utopia in the middle of madness so my take on Hollywood is a bit skewed"
- Unspecified
- Resident
- 3y ago
"To crowded and many people with cars makes it hard to find parking around your place areas never clean "
- Tatianka
- Resident
- 4y ago
"It’s pretty safe but many homeless people. I heard high school is not very good. Some areas like hollywood hills is very nice and safe"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 5609 W Sunset Blvd
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Off Market Homes Near 5609 W Sunset Blvd
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- Eric Lavey DRE # 01511292, Sotheby's International Realty
- Timothy Perry DRE # 01329283, Berkshire Hathaway HomeServices California Properties
- Yohann Bensimon DRE # 01966630, Keller Williams Hollywood Hills
- Matthew Ziegler DRE # 01280909, Marcus & Millichap
- Daniel Dahan DRE # 01970666, Wolf Luxury Estates
- Michael Vorobiev DRE # 01513652, eXp Realty of California Inc
- Danielle Peretz DRE # 01897529, The Beverly Hills Estates
- Craig Strong DRE # 01450987, Compass
- Ernie Carswell DRE # 01111566, Douglas Elliman
- Jacqueline Gunn DRE # 01912797, Avenue 8, Inc.
- See more homes for sale inLos AngelesTake a look
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