8460 Santa Monica Blvd
West Hollywood, CA 90069
West Hollywood Jewel Box - 5.5% CAP Rate · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale 8460 Santa Monica Boulevard- a 4,233 square foot, high-profile retail building, located near the corner of Santa Monica Boulevard and La Cienega Boulevard in the heart of the highly sought-after neighborhood of West Hollywood, CA. Situated on Santa Monica Boulevard, one of Southern California’s busiest arterial thoroughfares, the property offers premiere exposure with 40 Feet of frontage along Santa Monica Boulevard on a bustling corner lot. West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hotspots in every direction. Commonly known as WeHo, the neighborhood is among the top destinations in the world, and this irreplaceable location benefits from high daily traffic counts north of 70,000 cars per day at the corner of Santa Monica Boulevard and La Cienega Boulevard. 8460 Santa Monica is located in the heart of one of the most famously known locales for celebrities, wealthy residents, and tourists alike. There may be no greater concentration of the young, hip, and beautiful than in the boutiques and clubs of this famous neighborhood. 8460 Santa Monica Boulevard offers the unique opportunity to acquire one of the more impressive storefront retail locations in Southern California. 8460 Santa Monica Boulevard is a 1 story, 4,233 square foot storefront retail building with 3 free surface spaces located at the rear of the property. The subject property is leased to The Residency Experience, a full service national public relations agency on a five year corporate guaranteed NNN Lease. This opportunity offers a stable and secure income stream in one of Los Angeles' most high-profile locations. There is tremendous potential as current rent in the area has created an affluent community surrounding West Hollywood, making this an ideal time to purchase property along Santa Monica Boulevard. Upon the completion of the surrounding developments and continuing improvements to the immediate area, the rental market will experience significant growth and offer outstanding long-term returns for investors. There has been a significant amount of movement and turnover within the marketplace, creating an opportunity for new concepts to enter the market and position this submarket for the future. Two years ago, plans were announced to construct a mixed-use development incorporating Barney's Beanery across the street from 8460 Santa Monica Boulevard. The new proposal - calls for the construction of a mid-rise building that would contain an 88-room hotel and 45 apartments - including 11 priced below market rate. Plans also call for three restaurants - including Barney's - and an 80-seat live music venue and recording studio that will be located underground and on the south side of the property to avoid disturbing neighbors.