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7916 Santa Monica Boulevard

West Hollywood CA 90046

9
7696 sq. ft.
6252 sq. ft.
Other
Currently for sale - view listing

Overview

This is a mixed-use retail and residential investment opportunity in an irreplaceable West Hollywood location at 7916 Santa Monica Blvd, located just off of N Fairfax Ave that is surrounded by high-end amenities in a premier submarket.The subject property features three retail spaces on the ground floor of the building (approximately 1,250- 1,300 SF each) and six spacious single residential units on the top floor (approximately 650 SF) with five parking spaces at the rear of the property. The building is 100% occupied, providing consistent cash flow to an investor; short-term retail leases provides flexibility in the lease-up strategy; current tenants include a wellness center, art studio, and vacuum and sewing business. Substantial rental upside of over 102% in the residential rents, achievable over time with interior renovations as units turn. Close proximity to desirable amenities such as the Whole Foods on Santa Monica Blvd & Fairfax Ave, Delilah Los Angeles, Ysabel, and Laurel Hardware, among others. Incredible walk score of 97; four metro local line bus stops are located on the corner of Santa Monica Blvd & Fairfax Ave. Dense, infill location with a population of over 826,000 in a five-mile radius, retail tenants benefit from the foot traffic along Santa Monica Blvd as well as the traffic volume of over 45,000 vehicles per day. Opportunity to acquire a generational location with a diversified stream of income with retail and residential; the city of West Hollywood remains one of the most coveted submarkets for both asset classes.

Features

9 bathrooms
7696 sq. ft. floor area
6252 sq. ft. lot size
Other

Happy sellers in West Hollywood

87%
87% of sellers in West Hollywood reported that their sale price either exceeded or met their price expectations.

West Hollywood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in West Hollywood over the last 12 months.

Local market activity for other properties in West Hollywood

In the last 12 months, 28 other properties similar to 7916 Santa Monica Boulevard, have been sold.

This represents a 16% increase in other properties sales when compared to the previous 12 months.

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