5613-5617 San Vicente Blvd Local commercial 414 m² 100 % Loué À vendre Los Angeles, CA 90019 2 113 105 € (5 106,71 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire the multi-tenant retail property located at 5613–5617 San Vicente Boulevard in Los Angeles, California. The subject property consists of approximately 4,500-square-foot of rentable building area and is situated on a 0.11-acre C2-zoned corner lot in the heart of the Miracle Mile district, one of Los Angeles’ most vibrant and densely populated urban submarkets. The fully occupied asset is comprised of three (3) separately metered units. In addition to the suite sizes allowing for high tenant demand, the short lease terms in place provide a value-add opportunity for investors and growth flexibility or mortgage cost reduction for owner-user’s. The property is constructed of durable masonry and boasts 71 feet of frontage along San Vicente Boulevard and 68 feet along Carmona Avenue, offering 135 feet of combined street frontage and excellent visibility in a highly trafficked corridor.

Located along San Vicente Boulevard within the high-profile Miracle Mile corridor of Los Angeles, this compact, walkable retail submarket is anchored by Museum Row, a dense mix of multifamily housing, and a concentration of creative office space. The area’s retail inventory is smaller than most competing Westside markets, consisting primarily of street-level storefronts and small retail buildings, many of which date back to the early-to-mid 20th century and have since been renovated to accommodate modern tenants. At 7.1%, the vacancy rate in Q3 2025 sits modestly above the Los Angeles County average of approximately 5.8 percent, with turnover driven largely by normal tenant churn rather than new deliveries. With zero newly constructed retail inventory in the past decade and none under construction in Q3 2025, new supply will have no impact on vacancy rates and rent growth for the forseeable future (CoStar). The Miracle Mile submarket offers investors a stable, infill location with strong daily traffic counts, limited competition from new developments, and the potential for rent upside through tenant repositioning or re-leasing at market rates