ECHO PARK –– It’s been hard to keep up with the store closings and openings on Sunset Boulevard. But the pace of change appears to be only picking up speed. The new landlord of the two-story medical building at the northeast corner of Sunset and Echo Park Avenue – the structure covered with the mural featuring an earth-mother figure – is leasing out the ground floor for $12,500 a month, according to LoopNet. But wait, there’s more.
The neighboring home of Crown Shoes, which closed at the end of last month after 35 years in business, is also for lease for $6,750 a month, according to LoopNet.
The ground floor of the medical building has been occupied by the Clinica Santa Maria for many years. But that clinic is going to be clearing out by the end of this month, according to the listing. The 5,000-square-foot ground floor is available for a single tenant or can be subdivided. Meanwhile, the second floor occupied by another long-time tenant, dentist George D. Lim, is expected to become available a year from now. Says the listing:
What an opportunity to assume a commanding retail/commercial presence at the main intersection of one of L.A.’ s most vibrant neighborhoods!
A few doors east of the medical office building and Crown Shoes, discount store Jumbo Bargain recently closed after it also faced a steep rent hike. That means most of the block in the heart of Echo Park’s commercial district is poised to undergo a major makeover.
The Eastsider’s Daily email digest includes all new content published on The Eastsider during the last 24 hours. Expect the digest to land in your in email in box around 7 p.m. It’s free to sign up!
Once you submit your information, please check your email box to confirm your subscription.