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7906 Santa Monica Blvd
West Hollywood, CA 90046
Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Great User Or 1031 Exchange Opportunity In West Hollywood!
- 75 FT Frontage On Santa Monica Blvd / 13 Car Parking
- Multi-Unit Mixed Use Building On 3 Levels
- Prime Location On Santa Monica Blvd @ Fairfax Ave
- 45% Leased With $415,367 Existing Gross Annual Rental Income
- 1ST Floor - 4 Retail Store Front With 16 FT Clearance / 2ND FLR - 20 Small Offices / BASEMENT - 4 Units With Direct Access From Rear Parking
EXECUTIVE SUMMARY
Buyer should verify with reputable consultants all aspects of this brochure and the property including office size, building & land size, if the building size includes any interior dock areas and mezzanine areas, type and age of building,structural condition of the building, ceiling clearance, power, sprinkler calculation, zoning, permitted uses within the building, parking count, any building measurements, number and type of loading doors, if any existing HVAC units work and their life expectancy, sprinkler capacity, roof condition, any city potential incentive areas, any unpermitted improvements, if any existing elevators work, floor loads for every floor and if the floor load is adequate for Buyer’s product weight and product types and use, etc. Buyer should also hire experts including but not limited to (Architect, Structural Engineer, Surveyor, Contractor, Sprinkler/Racking Consultant, Environmental Consultant) to verify the condition of the above items in this disclosure and all aspects of the property and confirm with the appropriate Governmental Agency that the property zoning and building use (Certificate of Occupancy) and all aspects of the improvements including any office areas are acceptable to Buyer in order for Buyer to occupy all areas of the building legally. Lee & Associates-Commerce Inc. strongly recommends that the above items be completed prior to waiver of any contingencies for a purchase. Broker also advises Buyer to obtain any required use permits and business licenses prior to waiver of Buyer contingencies and have their Attorney review any Purchase Contract prior to execution.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,000 SF
Building Class
C
Year Built
1926
Price
$6,900,000
Price Per SF
$383.33
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.88
Lot Size
0.22 AC
Zoning
C2 - Commercial
Parking
13 Spaces (0.72 Spaces per 1,000 SF Leased)
Frontage
75’ on Santa Monica Blvd
AMENITIES
- Bus Line
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 5529-009-029 | Improvements Assessment | $1,038,334 |
| Land Assessment | $4,722,762 | Total Assessment | $5,761,096 |
PROPERTY TAXES
Parcel Number
5529-009-029
Land Assessment
$4,722,762
Improvements Assessment
$1,038,334
Total Assessment
$5,761,096
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