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Bloom Beverly Hills 8560 W Olympic Blvd 53 Unit Apartment Building $17,500,000 ($330,189/Unit) 5.01% Cap Rate Los Angeles, CA 90035
INVESTMENT HIGHLIGHTS
- 53-Unit Value-Add Apartment Community in Excellent Beverly Hills Adjacent Neighborhood
- Excellent Unit Mix: Excellent unit mix consisting of (11) studio+1 units, (38) 1+1 units and (4) 2+2 units
- Property Amenities: Property amenities include controlled access, gated garage parking and an on-site laundry facility
- Attractive Basis Relative to Replacement Cost
- Unit Features: Units feature vinyl wood flooring, central air and heat, quartz countertops and stainless-steel appliances
- Walk Score 88/Centrally Located
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Bloom Beverly Hills, a 53-unit value-add apartment community located at 8560 West Olympic Boulevard in the highly desirable Pico-Robertson rental submarket (Beverly Hills adjacent). Built in 1975, the property features a favorable unit mix consisting of (11) studio/one-bathroom units, (38) one-bedroom/one-bathroom units and (4) two-bedroom/two-bathroom units. Current rents are approximately 16% below market rate offering an investor the opportunity to raise rents by implementing a renovation program for the unit interiors and building common areas. Units feature vinyl wood flooring, central air and heat, quartz countertops and stainless-steel appliances. Property amenities include controlled access, gated garage parking and an on-site laundry facility. The 39,654 square foot building sits on a large 0.47 acre lot that is LAR3 zoned.
Bloom Beverly Hills is ideally located in the desirable Pico-Robertson neighborhood, directly adjacent to the City of Beverly Hills. The property boasts an impressive Walk Score of 88, offering residents easy access to world-class shopping, dining, and retail destinations just steps away. Centrally positioned, the property provides convenient connectivity to West Hollywood, Hollywood, Beverly Hills, Century City, Westwood, Culver City, Koreatown, and Miracle Mile.
Set to open in Winter 2026, the Wilshire/La Cienega D Line Station—located just three blocks away—will offer seamless public transit connections eastbound to Mid-Wilshire, Koreatown, and Downtown Los Angeles, and westbound to Beverly Hills, Century City, and Westwood (westbound extension scheduled for 2027). The property also offers easy access to the I-10 Freeway, enhancing regional connectivity.
Bloom Beverly Hills is ideally located in the desirable Pico-Robertson neighborhood, directly adjacent to the City of Beverly Hills. The property boasts an impressive Walk Score of 88, offering residents easy access to world-class shopping, dining, and retail destinations just steps away. Centrally positioned, the property provides convenient connectivity to West Hollywood, Hollywood, Beverly Hills, Century City, Westwood, Culver City, Koreatown, and Miracle Mile.
Set to open in Winter 2026, the Wilshire/La Cienega D Line Station—located just three blocks away—will offer seamless public transit connections eastbound to Mid-Wilshire, Koreatown, and Downtown Los Angeles, and westbound to Beverly Hills, Century City, and Westwood (westbound extension scheduled for 2027). The property also offers easy access to the I-10 Freeway, enhancing regional connectivity.
PROPERTY FACTS
| Price | $17,500,000 | Property Subtype | Apartment |
| Price Per Unit | $330,189 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.01% | Lot Size | 0.50 AC |
| Gross Rent Multiplier | 11.86 | Building Size | 39,654 SF |
| No. Units | 53 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1975 |
| Zoning | R3 - Multiple Dwelling | ||
| Price | $17,500,000 |
| Price Per Unit | $330,189 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 11.86 |
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 39,654 SF |
| No. Stories | 3 |
| Year Built | 1975 |
| Zoning | R3 - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | - |
| 1+1 | 38 | - | - |
| 2+2 | 4 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 4332-025-031 | Improvements Assessment | $6,223,984 |
| Land Assessment | $14,342,226 | Total Assessment | $20,566,210 |
PROPERTY TAXES
Parcel Number
4332-025-031
Land Assessment
$14,342,226
Improvements Assessment
$6,223,984
Total Assessment
$20,566,210
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Bloom Beverly Hills | 8560 W Olympic Blvd
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