Sunset Plaza consists of 22,433 square feet of land situated on the world famous Sunset Boulevard in prime Hollywood. Currently home to a 24,560 sq. ft. retail strip center with an existing income stream, this property also presents a rare opportunity to acquire one of the few major high density redevelopment sites in the Hollywood Redevelopment Area. Built in 1990, the existing retail/office center offers tenants retail space in the middle of Los Angeles’ business and entertainment districts.

Sunset Plaza is situated at the center of one of only four high intensity Hollywood redevelopment “nodes” set forth in the 2010 CRA Design Plan. In addition, the property is located in one of only two segments where building towers are permitted, and where they are specifically encouraged. The property is currently zoned for unlimited height restriction, and is situated in the highly sought after Hollywood Sign District.

Centrally located, Sunset Plaza is in the heart of Hollywood, within six miles of Downtown Los Angeles, Century City and Beverly Hills. The property is located within a block of the Hollywood and Highland Entertainment Center and is in close proximity to numerous retail and entertainment venues. Sunset Plaza will provide an investor with an excellent opportunity to obtain to obtain a substantial interest in one of Los Angeles’ premier submarkets.

POTENTIAL  REDEVELOPMENT OPPORTUNITY

• Rare luxury mixed-use development opportunity in prime Hollywood location with existing income stream
  
• Potential to develop 108,000 sq. ft. of multi-family/office and over 17,000 sq. ft. of retail with increased FAR
  
• One of only 2 segments in the CRA Sunset Boulevard Plan where building towers are permitted
  
• Located in the Hollywood Signage Supplemental Use District
  
• Offering Tremendous Supergraphc Signage income potential
• One of the few major high density redevelopment sites in the Hollywood Redevelopment Area
• Currently zoned with no height limit

PRIME LOCATION IN LOS ANGELES

• Premier Los Angeles / Hollywood Location
  
• Located on world famous Sunset Strip
  
• Infill Hollywood location and lack of developable land create high barriers to entry
  

EXISTING RETAIL CENTER

• 24,560 square feet of retail space
  
• Prime street frontage on Sunset Boulevard and Highland Avenue provides a constant flow of weekday and weekend automobile and foot traffic