7916 Santa Monica Boulevard, West Hollywood

$3,850,000

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0 Bed
2 Baths
7,696 Sqft
.14 Acre
0 Garage

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.

Essential Information

MLS® #
24380821
Price
$3,850,000
Bathrooms
2.00
Square Footage
7,696
Acres
0.14
Year Built
1925
Type
Residential Income
Status
Active

Community Information

Address
7916 Santa Monica Boulevard
Area
C10 - West Hollywood Vicinity
City
West Hollywood
County
Los Angeles
Zip Code
90046
Senior Community
N

Amenities

Parking
One Space
Garages
One Space

Interior

Heating
None
Cooling
None
# of Stories
3
Stories
Multi/Split

Additional Information

Date Listed
April 1st, 2024
Days on Market
42
Zoning
WDC2A*

Listing Details

Agent
Neema Ahadian
Office
Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of May 13th, 2024 at 6:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.