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7517 Santa Monica Blvd 0.11 Acres of Commercial Land Offered at $2,000,000 in West Hollywood, CA 90046
INVESTMENT HIGHLIGHTS
- Located along the north side of Santa Monica in the bustling city of West Hollywood.
- Within a half mile of the subject property is a Whole Foods, Trader Joe’s, Smart & Final, Target, and more.
EXECUTIVE SUMMARY
The subject property is a ±4,994 SF piece of land along the north side of Santa Monica in the bustling city of West Hollywood. West Hollywood is one of Los Angeles’s most in-demand neighborhoods and this property is centrally located within it. Within a half mile of the subject property is a Whole Foods, Trader Joe’s, Smart & Final, Target, and popular restaurants such as The Formosa, Las Perlas, Fatburger, and more.
The subject property has CC1 zoning. According to the city of West Hollywood, “The CC1 zoning district is intended to provide a wide variety of commercial opportunities to serve local community needs, as well as broader market areas.” Mixed use properties are encouraged. Due to AB 2097, parking is not required for a mixed-use development, though the maximum height is three stories.
This is an excellent opportunity for an investor to own a piece of land in an premier location with excellent area demographics.
PROPERTY FACTS
| Price | $2,000,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | WDC2A* - CC1 - Community Commercial | ||
| Price | $2,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.11 AC |
| No. Stories | 1 |
| Zoning | WDC2A* - CC1 - Community Commercial |
1 LOT AVAILABLE
Lot
| Price | $2,000,000 | Lot Size | 0.11 AC |
| Price Per AC | $17,445,004.62 |
| Price | $2,000,000 |
| Price Per AC | $17,445,004.62 |
| Lot Size | 0.11 AC |
7517 Santa Monica Boulevard is a parking lot in West Hollywood, between N Gardner and N Curson Avenues. The property is currently used for parking for the adjacent restaurant.
DESCRIPTION
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 7517 Santa Monica Boulevard, a parking lot in West Hollywood, between N Gardner and N Curson Avenues. The property is currently used for parking for the adjacent restaurant. The subject property is a ±4,994 SF piece of land along the north side of Santa Monica in the bustling city of West Hollywood. West Hollywood is one of Los Angeles’s most in-demand neighborhoods and this property is centrally located within it. Within a half mile of the subject property is a Whole Foods, Trader Joe’s, Smart & Final, Target, and popular restaurants such as The Formosa, Las Perlas, Fatburger, and more. The subject property has CC1 zoning. According to the city of West Hollywood, “The CC1 zoning district is intended to provide a wide variety of commercial opportunities to serve local community needs, as well as broader market areas.” Mixed use properties are encouraged. Due to AB 2097, parking is not required for a mixed-use development, though the maximum height is three stories. This is an excellent opportunity for an investor to own a piece of land in an premier location with excellent area demographics.
PROPERTY TAXES
| Parcel Number | 5530-010-017 | Improvements Assessment | $3,153 |
| Land Assessment | $85,530 | Total Assessment | $88,683 |
PROPERTY TAXES
CONTACTS
-
William Althouse -
T.C. Macker -
Woody Cook -
WESTMAC Commercial Brokerage Company
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7517 Santa Monica Blvd
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