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Mixed-Use

7916 Santa Monica Blvd

7916 Santa Monica Blvd, West Hollywood, CA 90046

Listing Price: $3,850,000

Cap Rate
3.80%
Number of Units
9
Occupancy
100.0%
Price/Unit
$427,778
Price/Gross SF
$500.26
Gross SF
7,696

Investment Overview

Marcus & Millichap is pleased to present 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


Walking distance 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

Investment Highlights

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Exclusively Listed By

Financing By

Mixed-Use

7916 Santa Monica Blvd

Listing Price: $3,850,000

Cap Rate
3.80%
Number of Units
9
Occupancy
100.0%
Price/Unit
$427,778
Price/Gross SF
$500.26
Gross SF
7,696

Investment Highlights

  • .
  • .
  • .

Investment Overview

Marcus & Millichap is pleased to present 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 Walking distance 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

Exclusively Listed By

Financing By

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