5550 Wilshire

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale 5550 Wilshire (the “Property”), a boutique mixed-use property consisting of 163 market rate units and 14,686 square feet of ground floor retail that is 100% leased to a service oriented tenant base. Located in the Miracle Mile submarket of Los Angeles, 5550 Wilshire offers expansive floorplans across a diverse unit mix, including one-, two-, and three-bedroom residences that average ±1,329 square feet, among the largest units for institutional(1) properties in the region.

Built in 2010 to condo spec, the Property holds the ideal framework for a comprehensive repositioning program targeting both unit interiors and common area enhancements to further drive market rents. Residents at 5550 Wilshire benefit from a luxurious amenity package including a two-story fitness center, resort style pool deck, rooftop lounge with skyline views, sauna and steam room, movie theatre, resident lounge with a chef’s kitchen, and business center. The Property continues to attract high-earning professionals in search of a high-quality living experience proximate to the major employment nodes in Beverly Hills, Century City, Westwood, and West Hollywood. Residents at 5550 Wilshire boast an average household income of $274,000, translating to an 18% rent to income ratio, leaving significant headroom for future rent growth.

Miracle Mile is a high barrier-to-entry market defined by minimal supply and limited investment opportunities - there is just one institutional(1) project under construction and only one 100+ unit property has traded in the submarket over the last 5 years. Unrivaled construction quality with immediate upside, sound resident and market fundamentals, and multi-housing scarcity, optimally position 5550 Wilshire as Southern California’s premier investment opportunity.

(1)100+ unit properties