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3/11/25
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Silver Lake Collection, a 10.9k sf retail center in Los Angeles’ trendy Silver Lake neighborhood, sold for $12.4 mil, or $1,138/sf.
Situated on 0.36 acres at 1601 Griffith Park Blvd and 3701-3713 Sunset Blvd, Silver Lake Collection provides desirable frontage along Sunset Blvd. This prime location offers excellent visibility and accessibility, drawing visitors from the vibrant Silver Lake community and beyond. The property benefits from its proximity to dense residential areas and major employment centers, including nearby entertainment industry hubs in Hollywood.
Built in 1934 and recently renovated in 2023, Silver Lake Collection is 100% leased to a mix of exciting food and beverage tenants, including Counter Culture Coffee, El Condor and Yi Cha. The property features a walker's paradise with a Walk Score of 97 out of 100.
Tim Kuruzar with JLL Capital Markets represented the seller, Strategic Realty Trust, in the deal. Matthew Fainchstein of JLL repped the buyer.
"The sale of The Silver Lake Collection demonstrates the continued investor interest in well-located retail assets in trendy, urban neighborhoods," Kuruzar commented. "The property's strategic position on Sunset Boulevard and its second generation restaurant space make it an attractive acquisition for the buyer, a renowned restaurant operator from Taiwan looking to expand into the Los Angeles market.”
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