Mixed-Use Property For Sale

7748 Santa Monica Blvd, West Hollywood, CA

$1,925,000

Price

4.66%

Cap Rate

$89,673

NOI

Overview
Cap Rate
4.66%
NOI
$89,673
Building Size
2,247 sqft
Lot Area
3,095 sqft
Year Built
1923
Price Per Sqft
$857
Price / Land SF
$622
Zoning
Wdc2a* Commercial Community 1
Floors
3
Description

Available for the first time since the 1950’s!

7748 Santa Monica Boulevard offers an owner/user or investor the unique opportunity to acquire a Storefront retail building constructed in 1923 currently occupied by Victoria’s Touch boutique & gift store, and 1054 Genessee a residential unit with 2 bedrooms and 1 bath. The rentable square footage is 2,247 SF situated on a 3,095 SF Lot zoned WDC2A*. The rental market has been on a steady increase and offers outstanding long-term returns for investors. Both tenants are on month to month leases at 50% below the current market value, and the 2 bedroom residential unit is subject to rent control.

7748 Santa Monica Boulevard is located in West Hollywood between Fairfax & LaBrea. This property is found among the most happening hotspots in and around Los Angeles, close proximity to Fairfax District, and located between Beverly Hills and Hollywood. WeHo is famous for its vibrant commercial corridors, world renowned dining establishments and eccentric nightlife focused on Santa Monica Blvd and the Sunset Strip.

Highlights
  • Irreplaceable Legacy Location
  • Numerous National Retailers Expanding In Immediate Area
  • Tremendous Upside! 50% Below Market Rents
  • Destination Retailers Within Walking Distance Include Whole Foods, Trader Joes, Starbucks, and More!
  • Daily Traffic Count Approximately 30,000 Vehicles
Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery