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8759-8763 Santa Monica Blvd
West Hollywood, CA 90069
The Shops at Hancock Lofts · Multifamily Property For Sale
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33 Units
Investment Highlights
- Rare Opportunity to Acquire a Prominent Multi-Tenant Retail Condo Investment in Downtown West Hollywood
- Multi-Level Parking Lot & Additional Income Included
- Dense Southern California Demographics: West Hollywood boasts a vibrant and affluent population with a high concentration of young professionals
- Stabilized Investment with Strong Tenancy: The Shops at Hancock Lofts is currently fully occupied and leased to three (3) established businesses
- Improving Returns: The existing leases contain strong upcoming scheduled rent increases and the parking income has shown strong year-over-year growth
- High Barriers to Entry: Supply constrained, densely populated, infill trade area with limited sites available for future development or redevelopment
Property Facts
| No. Units | 33 | Lot Size | 1.10 AC |
| Property Type | Multifamily | Building Size | 41,509 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2009 |
| Building Class | B | Parking Ratio | 2.23/1,000 SF |
| Zoning | C2A | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 41,509 SF |
| No. Stories | 4 |
| Year Built | 2009 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | C2A |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Stainless Steel Appliances
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,039,675 | |
| Land Assessment | $3,310,610 | Total Assessment | $6,350,285 |
Property Taxes
Parcel Numbers
Land Assessment
$3,310,610
Improvements Assessment
$3,039,675
Total Assessment
$6,350,285
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