Investment Overview

Marcus & Millichap is pleased to present Bloom Beverly Hills, a 53-unit value-add apartment community located at 8560 West Olympic Boulevard in the highly desirable Pico-Robertson rental submarket (Beverly Hills adjacent). Built in 1975, the property features a favorable unit mix consisting of (11) studio/one-bathroom units, (38) one-bedroom/one-bathroom units and (4) two-bedroom/two-bathroom units. Current rents are approximately 16% below market rate offering an investor the opportunity to raise rents by implementing a renovation program for the unit interiors and building common areas. Units feature vinyl wood flooring, central air and heat, quartz countertops and stainless-steel appliances. Property amenities include controlled access, gated garage parking and an on-site laundry facility. The 39,654 square foot building sits on a large 0.47 acre lot that is LAR3 zoned. Bloom Beverly Hills is ideally located in the desirable Pico-Robertson neighborhood, directly adjacent to the City of Beverly Hills. The property boasts an impressive Walk Score of 88, offering residents easy access to world-class shopping, dining, and retail destinations just steps away. Centrally positioned, the property provides convenient connectivity to West Hollywood, Hollywood, Beverly Hills, Century City, Westwood, Culver City, Koreatown, and Miracle Mile. Set to open in Winter 2026, the Wilshire/La Cienega D Line Station—located just three blocks away—will offer seamless public transit connections eastbound to Mid-Wilshire, Koreatown, and Downtown Los Angeles, and westbound to Beverly Hills, Century City, and Westwood (westbound extension scheduled for 2027). The property also offers easy access to the I-10 Freeway, enhancing regional connectivity.