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12222 Wilshire Blvd
Los Angeles, CA 90025 West Los Angeles

$4,600,000 USD

Apartments Condo For Sale  •  9,785 SF

Property Details

  • Property Type Apartments
  • Total Building Size 58,710 SF
  • Lot Size 0.63 AC
  • Building Class B
  • Year Built 1996
  • Zoning LAC2
70 Transit Score
80 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101-106 Retail 9,785 SF $4,600,000 USD
  • Unit Size: 9,785 SF
  • Condo Use: Retail
  • Price: $4,600,000 USD
  • Sale Type: Investment
  • Price/SF: $470.11 USD
Description
Matthews™ is pleased to present 12222 Wilshire Blvd, Suites 101-106, Los Angeles, CA 90025, a highly visible retail condominium opportunity located within a Class A mixed-use property along one of West Los Angeles’ most prominent commercial corridors. Built in 1996 and renovated in 2008, the offering consists of six retail condominium suites totaling approximately 9,785 square feet with frontage and exposure along Wilshire Boulevard to more than 45,000 vehicles per day. Positioned within an affluent and densely populated Westside location, the property benefits from approximately 53,649 residents within one mile, 26,979 households within one mile, and average household incomes exceeding $178,000 within the same radius. The retail component also benefits from the built-in customer base, daily activity, and neighborhood synergy created by the residential condominiums above, further supporting tenant demand and long-term occupancy appeal.

Sale Notes
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

Highlights

Prime Wilshire Blvd frontage with exposure to over 45,000 vehicles per day.
Class A mixed-use asset with modern design and high construction standards.
Located in affluent Westside LA with nearly 50,000 residents within one mile.
83% occupancy across 6 retail suites with durable in-place income.
Pro-forma NOI of $275,989 and 5.63% cap rate at $4.9M list price.
Excellent access to I-405, I-10, Metro bus, and new D Line subway extension.

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 11.0 mi
Bob Hope 29 min - 18.6 mi
Long Beach (Daugherty Field) 37 min - 28.5 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 17
Type: Reserved
Included in Rent: Yes
Chris Naylon 747-877-8169 Matthews Real Estate Investment Services
Chris Naylon 747-877-8169 Matthews Real Estate Investment Services