5363 Wilshire Boulevard

Los Angeles, CA 90036

For Sale

23,083 sqft

Sale Price

Contact Broker For Pricing
Brochure
Map
Retail For Sale - Available June 2027
26,000 SF Mixed Use Art Deco Retail & Office Building
Transitioning to Fee Simple Ownership - 99 Year Ground Lease Expiring
Transit-Oriented Location - One Block to the Wilshire La Brea Metro Station
Surrounded by High-Density Residential Development
Affluent, High-Traffic Submarket
Iconic Art Deco Building with Value-Add Repositioning Potential
Mixed-Use Configuration with Multiple Income Streams
Get in touch
Kadie Presley Wilson
Lic: 01476551
KPW
Erik Krasney
Lic: 1970585
Erik Krasney
Kamran Paydar
Lic: 01242590
KP
Zachary Card
Lic: 01717802
Zachary Card
Travis Boyd
Lic: 01206330
TB
CBRE is the exclusive advisor for the sale of 5363-5377 Wilshire Boulevard and 672-682 Cloverdale Avenue. This mixed-use retail office building is transitioning to unencumbered fee simple ownership in June 2027 upon the expiration of a 99-year ground lease.

The Art Deco asset consists of 14 ground-floor retail units totaling approximately 15,600 square feet and 12 office units totaling approximately 10,400 square feet. The Cloverdale side of the building includes a bow-truss parking structure with 35 parking spaces. The property is situated in the Miracle Mile neighborhood of the Mid-Wilshire submarket, bordering affluent neighborhoods including Hancock Park, Beverly Grove and Beverly Hills. Transportation access is strengthened by the recent opening of the Metro Purple Line station at Wilshire and La Brea, just one block from 5363 Wilshire Boulevard. This station connects the area to major transit hubs in Koreatown and Union Station to the east, and Museum Row and Beverly Hills to the west. New stations along this route in Beverly Hills, Century City, and Westwood are scheduled to open in 2027.

*ZIMAS shows ±23,083 building square feet. The rent roll shows ±25,957 building square feet. Buyer to confirm during due diligence.
The immediate vicinity is undergoing significant densification. This includes the proposed 42-story Mirabel apartment tower directly across the street from the property on Cloverdale, and the Onni Group’s proposed 46-story residential tower, located directly across Wilshire Boulevard. Combined, these projects will bring 400-600 new residents literally across the street from the property, expanding the built-in customer base for ground-floor retail. This offering presents a rare opportunity to acquire a legacy asset with significant upside as it transitions to unencumbered fee simple ownership. Key value drivers include:

Rental Upside: In-place rents are currently well below market rates due to legacy ground lease constraints.
Value-Add Potential: The property offers clear opportunities for repositioning through exterior and common-area enhancements.

Total Space Available

23,083 sqft

Sale Price

Contact Broker For Pricing
Get in touch
Kadie Presley Wilson
Lic: 01476551
KPW
Erik Krasney
Lic: 1970585
Erik Krasney
Kamran Paydar
Lic: 01242590
KP
Zachary Card
Lic: 01717802
Zachary Card
Travis Boyd
Lic: 01206330
TB