High Street Retail with Immediate Upside 5933-5939 York Blvd Local commercial 501 m² À vendre Los Angeles, CA 90042 3 358 134 € (6 700,03 €/m²)

The Property is anchored by Maciel’s Plant-Based Butcher, a beloved neighborhood institution with a massive following that hit its percentage rent natural breakpoint in its first year of business and has paid percentage rent ever since, a strong indicator of sustained sales performance and long-term occupancy potential. Maciel’s is joined by Flamingo Lounge and Hiit-It, rounding out a diverse, service-oriented ten-ant mix that is inherently resistant to e-commerce competition. Beyond the stable in-place income, the vacancy of approximately 45% of the Property’s premier York-fronting units (±2,500 SF) creates a compelling near-term lease-up opportunity, providing investors the ability to push cash-on-cash yield by roughly 400 basis points, to an 8.27% cap rate, with minimal downtime and capital investment.
Strategically positioned on York Boulevard, recently named “Los Angeles’ coolest street” by Condé Nast Traveler, the Property benefits from exceptional visibility and access at the gateway to the York retail corridor, with 19,700 vehicles passing daily. The surrounding market boasts phenomenal fundamentals, with 219,000 residents within a 3-mile radius, 646,000 within 5 miles, and average household incomes exceeding $127,000. Unlike most of Los Angeles, Highland Park enjoys a strong walking culture, and the Property sits on the neighborhood’s most celebrated walk-street, just three minutes from the Metro A Line station and five minutes from the 120-acre campus of Occidental College, one of the nation’s top liberal arts universities.
Highland Park has emerged as one of the most sought-after neighborhoods in Los Angeles, combining historic artistic charm with a walkable urban culture that attracts young professionals, families, and some of the city’s best restaurants, galleries, and retailers, earning international acclaim from Vogue, the New York Times, TimeOut, and Condé Nast Traveler. Continued investment in the corridor, including a ground-up Sprouts Farmers Market at 6235 York Boulevard and the 153-unit Toland Way Apartments development, reinforces the neighborhood’s long-term demand drivers.