WESTMAC Commercial Brokerage Company is pleased to offer the rare opportunity to acquire 16605 Sunset Boulevard, a ±4,988 square foot multi-tenant commercial building located in the heart of the Pacific Palisades, one of Southern California’s most affluent and desirable coastal neighborhoods where the median home value is $3.2 million.
Built in 1986, 16605 Sunset Boulevard is comprised of a one-story ±4,988 square foot building situated on ±12,345 square feet of land. It consists of two (2) retail tenants and two (2) vacancies. The property is 53% leased to a dry cleaner and a Domino’s. There are eleven (11) parking spaces (including one handicap space) located in the front of the building. There is a rooftop parking lot accessible from Marquez Avenue with 10 additional parking spaces.
Positioned on iconic Sunset Boulevard (30,000+ VPD), 16605 Sunset Boulevard is central to the area’s best in shopping, dining, entertainment and family-friendly activities. The property is surrounded by an incredibly wealthy consumer base where the average household income within a one-mile radius is $188,398.
Apart from its charming locale, and the highly affluent demographics, 16605 Sunset Boulevard has incredible potential for an investor looking to purchase in a truly irreplaceable Southern California coastal location where opportunities to purchase commercial real estate are few and far between.
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