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Mixed-Use

7750 Santa Monica Blvd

7750 Santa Monica Blvd, West Hollywood, CA 90046

Listing Price: $2,770,000

Cap Rate
1.86%
Number of Units
2
Occupancy
50.9%
Price/Unit
$1,385,000
Price/Gross SF
$939.30
Gross SF
2,949

Investment Overview

Marcus & Millichap has been selected to exclusively market 7750 Santa Monica Boulevard, a two-tenant storefront retail building and a duplex totaling approximately 2,949 square feet ideally located on the southeast signalized corner of Santa Monica Boulevard and North Genesee Avenue in the heart of West Hollywood, CA. 7750 Santa Monica Boulevard is ideally positioned in the affluent, high demand Los Angeles County sub-market of West Hollywood, CA. The retail building, consisting of approximately 1,500 square feet facing Santa Monica Boulevard, is currently occupied by a high-end barbershop and a well-established pawn shop/jewelry store. Both tenants are on short term, triple-net leases. The duplex, which is situated at the rear of the property along Genesee Avenue, consists of one 3bd/1ba unit and one 1bd/1ba, plus a separate storage unit accessible from the exterior of the property along Genesee. Both of the apartment units and the storage unit are currently vacant. The property is situated on a approximately 3,708 square foot lot zoned WDC2A. Due to the flexibility at the property, an investor has the opportunity to capture immediate upside through stabilizing the apartment units and raising the retail rents to market rates. Additionally, 7750 Santa Monica Boulevard offers the rare opportunity for an Owner-User Buyer to occupy at least 51% of the property and secure SBA financing, while generating income from the other tenants to offset operating expenses. This high barrier to entry location benefits from excellent visibility, daily traffic counts north of 21,057 vehicles per day, and a prime West Hollywood location with a Walk Score of 97, truly a Walker’s Paradise.

Investment Highlights

  • Two-Tenant approximately 1,500 square foot storefront retail building facing Santa Monica Boulevard
  • Vacant duplex plus storage totaling approximately 1,449 square feet along North Genesee Avenue
  • Due to the flexibility at the property, an investor has the opportunity to capture immediate upside through stabilizing the apartment units and raising the retail rents to market rates.

Exclusively Listed By

Financing By

Mixed-Use

7750 Santa Monica Blvd

Listing Price: $2,770,000

Cap Rate
1.86%
Number of Units
2
Occupancy
50.9%
Price/Unit
$1,385,000
Price/Gross SF
$939.30
Gross SF
2,949

Investment Highlights

  • Two-Tenant approximately 1,500 square foot storefront retail building facing Santa Monica Boulevard
  • Vacant duplex plus storage totaling approximately 1,449 square feet along North Genesee Avenue
  • Due to the flexibility at the property, an investor has the opportunity to capture immediate upside through stabilizing the apartment units and raising the retail rents to market rates.

Investment Overview

Marcus & Millichap has been selected to exclusively market 7750 Santa Monica Boulevard, a two-tenant storefront retail building and a duplex totaling approximately 2,949 square feet ideally located on the southeast signalized corner of Santa Monica Boulevard and North Genesee Avenue in the heart of West Hollywood, CA. 7750 Santa Monica Boulevard is ideally positioned in the affluent, high demand Los Angeles County sub-market of West Hollywood, CA. The retail building, consisting of approximately 1,500 square feet facing Santa Monica Boulevard, is currently occupied by a high-end barbershop and a well-established pawn shop/jewelry store. Both tenants are on short term, triple-net leases. The duplex, which is situated at the rear of the property along Genesee Avenue, consists of one 3bd/1ba unit and one 1bd/1ba, plus a separate storage unit accessible from the exterior of the property along Genesee. Both of the apartment units and the storage unit are currently vacant. The property is situated on a approximately 3,708 square foot lot zoned WDC2A. Due to the flexibility at the property, an investor has the opportunity to capture immediate upside through stabilizing the apartment units and raising the retail rents to market rates. Additionally, 7750 Santa Monica Boulevard offers the rare opportunity for an Owner-User Buyer to occupy at least 51% of the property and secure SBA financing, while generating income from the other tenants to offset operating expenses. This high barrier to entry location benefits from excellent visibility, daily traffic counts north of 21,057 vehicles per day, and a prime West Hollywood location with a Walk Score of 97, truly a Walker’s Paradise.

Exclusively Listed By

Financing By

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