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7223 Beverly Blvd 6,370 SF 100% Leased Retail Building Los Angeles, CA 90036 $4,300,000 ($675.04/SF) 5.52% Cap Rate
Investment Highlights
- Distinctive 1929 Art Deco mixed-use investment in prime Beverly Grove
- Two ground-floor retail tenants plus multiple second-floor office/service suites
- Prominent Beverly Boulevard frontage in a highly walkable infill location
- Approximately 6,370 SF of retail/office space on an approximately 4,000 SF LAC2-zoned lot
- Diversified income stream with leasing and mark-to-market upside
- Central location with convenient access to West Hollywood, The Grove, Fairfax, Miracle Mile and Beverly Hills
Executive Summary
Rare opportunity to acquire a distinctive Art Deco mixed-use investment property in the heart of Beverly Grove. 7221–7225 Beverly Boulevard features approximately 6,370 SF of retail and office space on an approximately 4,000 SF LAC2-zoned lot. The property is currently configured with two ground-floor retail tenants and multiple second-floor office/service suites, providing a diversified income stream with additional upside through future leasing and mark-to-market opportunities.
Built in 1929, the property offers prominent Beverly Boulevard frontage, strong architectural character, and a highly walkable central Los Angeles location surrounded by restaurants, boutiques, neighborhood services and dense residential communities. Its Beverly Grove location provides convenient access to West Hollywood, The Grove, Fairfax, Miracle Mile and Beverly Hills. The offering presents investors with a rare combination of current income, small-suite leasing flexibility, long-term appreciation potential and an irreplaceable infill location.
Built in 1929, the property offers prominent Beverly Boulevard frontage, strong architectural character, and a highly walkable central Los Angeles location surrounded by restaurants, boutiques, neighborhood services and dense residential communities. Its Beverly Grove location provides convenient access to West Hollywood, The Grove, Fairfax, Miracle Mile and Beverly Hills. The offering presents investors with a rare combination of current income, small-suite leasing flexibility, long-term appreciation potential and an irreplaceable infill location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,370 SF
Building Class
C
Year Built
1929
Price
$4,300,000
Price Per SF
$675.04
Cap Rate
5.52%
NOI
$237,260
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.09 AC
Zoning
LAC2 - Commercial
Parking
3 Spaces (0.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Air Conditioning
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5525-035-015 | Improvements Assessment | $1,479,176 |
| Land Assessment | $2,617,005 | Total Assessment | $4,096,181 |
Property Taxes
Parcel Number
5525-035-015
Land Assessment
$2,617,005
Improvements Assessment
$1,479,176
Total Assessment
$4,096,181
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