8759-8763 Santa Monica Blvd | West Hollywood, CA 90069
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- LoopNet Team
8759-8763 Santa Monica Blvd
West Hollywood, CA 90069
The Shops at Hancock Lofts · Multifamily Property For Sale
·
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
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