Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 5613 San Vicente Boulevard, a 4,600 SF three-unit storefront retail asset situated on 0.11 acres (5,003 SF) on the northeast corner of San Vicente Boulevard and Carmona Avenue in Los Angeles’ highly sought-after Miracle Mile submarket. 5613 San Vicente Boulevard is currently 100% occupied by a curated mix of local operators, including an artist studio, boutique clothing retailer, and a drama studio currently operated by ownership. At the close of escrow, ownership intends to execute a sale-leaseback, with flexibility to either remain in place or relocate within the building, providing optionality for a new owner. The remaining two tenants are on short-term leases, each paying $2,000/month ($1.60/SF) and $2,500/month ($2.00/SF), respectively, on modified gross leases where tenants are responsible for utilities and trash. The property is further enhanced by an on-site billboard generating $600/month on a MTM lease, providing supplemental income with flexibility to maintain or reposition the agreement. The offering presents a compelling owner-user or value-add opportunity. A buyer can achieve near-term occupancy of up to two units while offsetting operating costs through in-place income, or reposition the asset by marking rents to market. The property’s efficient layout, with units averaging approximately 1,533 SF, allows for minimal downtime and limited capital requirements in a lease-up scenario. Strategically positioned along San Vicente Boulevard, the property benefits from traffic counts exceeding 30,000 vehicles per day and immediate proximity to Wilshire Boulevard’s Miracle Mile corridor, located just 0.6 miles north. This places the asset within one of Los Angeles’ most recognized cultural and commercial districts, anchored by the Los Angeles County Museum of Art (LACMA), the Academy Museum of Motion Pictures, the Petersen Automotive Museum, and the La Brea Tar Pits, collectively drawing millions of visitors annually. The surrounding area is supported by dense, affluent residential neighborhoods including Beverly Grove, Fairfax, and Mid-Wilshire, as well as strong employment drivers such as Cedars-Sinai Medical Center and the Wilshire Corridor office market. In addition, the property is positioned near the Metro D Line (Purple Line) Extension, which will provide direct connectivity to Downtown Los Angeles, Beverly Hills, and Westwood, further enhancing long-term accessibility and rent growth potential.