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Beverly Hills Plaza 8950 W Olympic Blvd 30,056 SF 100% Leased Retail Building Beverly Hills, CA 90211 For Sale
Investment Highlights
- Trophy Location - Coveted Beverly Hills address with rare corner frontage and street visibility
- Immediate Upside - Delivered approximately 70% vacant with strong lease-up and repositioning potential
- Corner Lot Prominence - Full block-to-block exposure at Olympic & La Peer with ±275 feet of frontage
- Flexible Zoning - C-3T-2 Retail, Office of Medical use permitted by-right on the second floor
- ULA-Exempt - Located outside the City of Los Angeles, exempt from Measure ULA
- Transit-Adjacent - Minutes from Purple Line Extension (2028) at Beverly & Wilshire
Executive Summary
Lee & Associates – Los Angeles West Inc., as exclusive advisor, is pleased to present the exceptional opportunity to acquire 8950 W Olympic Blvd (the “Property”), a ±30,056 square foot, two-story multi-tenant retail building prominently positioned just south of the Beverly Hills Golden Triangle.
Constructed in 1988, the Property is situated on a ±30,566 square foot (0.70-acre) corner lot with ±275 feet of Olympic Boulevard frontage at La Peer Drive. 8950 W Olympic Blvd features flexible configurations across 25 suites for retail, showroom, office, or medical uses (permitted by right on the second floor), 91 gated parking stalls (3.03/1,000 SF), and multiple ingress/egress points, offering unparrelled visibility and accessibility in one of the most supply-constrained submarkets in the country.
Delivered approximately 70% vacant and exempt from Measure ULA, the Property presents a rare opportunity for investors or owner-users to create immediate value through lease-up and repositioning, while benefiting from long-term appreciation driven by surrounding redevelopment and infrastructure expansion.
Portfolio Opportunity:
This property may be acquired individually or as part of a five-building assemblage along the coveted Olympic Boulevard corridor in Beverly Hills:
8844 W Olympic Blvd – ±5,864 SF building | ±11,997 SF lot | 27 parking stalls
9018–9020 W Olympic Blvd – ±5,000 SF building | ±6,000 SF lot | 6 parking stalls
9024 W Olympic Blvd – ±6,058 SF building | ±6,283 SF lot | 12 parking stalls
8925 W Olympic Blvd – ±4,959 SF building | ±12,281 SF lot | 20 parking stalls
8950 W Olympic Blvd (Beverly Hills Plaza) – ±30,056 SF building | ±30,566 SF lot | 91 parking stalls
Total Opportunity:
Total Building SF: ±52,937 SF
Total Land SF: ±67,127 SF (±1.54 acres)
Total Parking: 160 stalls
Constructed in 1988, the Property is situated on a ±30,566 square foot (0.70-acre) corner lot with ±275 feet of Olympic Boulevard frontage at La Peer Drive. 8950 W Olympic Blvd features flexible configurations across 25 suites for retail, showroom, office, or medical uses (permitted by right on the second floor), 91 gated parking stalls (3.03/1,000 SF), and multiple ingress/egress points, offering unparrelled visibility and accessibility in one of the most supply-constrained submarkets in the country.
Delivered approximately 70% vacant and exempt from Measure ULA, the Property presents a rare opportunity for investors or owner-users to create immediate value through lease-up and repositioning, while benefiting from long-term appreciation driven by surrounding redevelopment and infrastructure expansion.
Portfolio Opportunity:
This property may be acquired individually or as part of a five-building assemblage along the coveted Olympic Boulevard corridor in Beverly Hills:
8844 W Olympic Blvd – ±5,864 SF building | ±11,997 SF lot | 27 parking stalls
9018–9020 W Olympic Blvd – ±5,000 SF building | ±6,000 SF lot | 6 parking stalls
9024 W Olympic Blvd – ±6,058 SF building | ±6,283 SF lot | 12 parking stalls
8925 W Olympic Blvd – ±4,959 SF building | ±12,281 SF lot | 20 parking stalls
8950 W Olympic Blvd (Beverly Hills Plaza) – ±30,056 SF building | ±30,566 SF lot | 91 parking stalls
Total Opportunity:
Total Building SF: ±52,937 SF
Total Land SF: ±67,127 SF (±1.54 acres)
Total Parking: 160 stalls
Data Room Click Here to Access
- Financials
- Floor Plans
- Offering Memorandum
- Parking
- Property Photos
- Rent Roll
- Site Plans
- Title
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
30,056 SF
Building Class
C
Year Built
1988
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.98
Lot Size
0.70 AC
Zoning
C-3T-2 - Retail, showroom, office. Medical uses permitted by right on the second floor only.
Parking
91 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Atrium
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Balcony
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4332-009-038 | Improvements Assessment | $6,732,000 |
| Land Assessment | $28,075,500 | Total Assessment | $34,807,500 |
Property Taxes
Parcel Number
4332-009-038
Land Assessment
$28,075,500
Improvements Assessment
$6,732,000
Total Assessment
$34,807,500
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Beverly Hills Plaza | 8950 W Olympic Blvd
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