Mike And Ali Sater Acquire Retail Property At 5007 West Sunset Boulevard For $4,250,000

The property involved in the transaction is a retail asset located at 5007 West Sunset Boulevard in Los Angeles. It was sold for $4,250,000, with a total area of 1,680 square feet, translating to a price per square foot of approximately $2,529. The property has been part of a local family's portfolio for decades and has now been acquired by the Sater Oil Company.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $4,250,000
• Sale Date: 06/30/2026
• Market: Los Angeles
• Square Footage: 1,680
• Price Per Square Foot: $2,529
• Buyer: Mike Sater & Ali Sater
• Broker Representatives: Orbell Ovaness, Aren Ohanian & Ara Rostamian - Marcus & Millichap

The brokers from the Ovaness-Rostamian Group of Marcus & Millichap represented the local Los Angeles family in the sale of the property. The transaction highlights the ongoing demand for well-located retail and automotive assets in the Sunset Corridor, as the property was sold to Mike and Ali Sater, who are associated with Sater Oil Company.