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$3,850,000
2 bath
7,696 Sqft
6,252 Sqft lot

7916 Santa Monica Boulevard, West Hollywood, California 90046

  • Residential Income Property Type
  • 14 Days Time on market
  • $500 Price per sqft
  • 1925 Year Built
Property Description

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.

Basic Details
Residential Income
Buy
24380821
$3,850,000
2
7,696 Sqft
1925
6,252 Sqft
Active
Condos/Co-ops
Features
0
$0
Address
CA
Los Angeles
West Hollywood
90046
7916 Santa Monica Boulevard
7916
Boulevard
0
W119° 38' 16.2''
N34° 5' 26''
Additional Information
14
3
9
: Multi/split
1
7,696 Sqft
0 Sqft
0 Sqft
0.14 Sqft
6,252 Sqft
1
0 Sqft
WDC2A*
5529009028
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
19/04/2024 11:51:06
$0
: Standard
Located south west corner of N Fairfax Ave and Santa Monica Blvd
Marcus & Millichap
Neema Ahadian
CLW-X7515101
CLW-C104547
$0
1
1
0
0
1
1
9
233376
US-06037-N-5529009028-R-N
19/04/2024 19:01:03
Santa Monica
C10 - West Hollywood Vicinity
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