Neema Ahadian
This listing was posted on RealtyWW.
$3,850,000
Home For Sale In West Hollywood, California
Price:
$3,850,000
BR/BA:
9 BA
Location:
7916 Santa Monica Blvd, West Hollywood, CA
Description:
This is a mixed-use retail and residential investment opportunity in an irreplaceable West Hollywood location at 7916 Santa Monica Blvd, located just off of N Fairfax Ave that is surrounded by high-end amenities in a premier submarket.The subject property features three retail spaces on the ground floor of the building (approximately 1, 250- 1, 300 SF each) and six spacious single residential units on the top floor (approximately 650 SF) with five parking spaces at the rear of the property. The building is 100% occupied, providing consistent cash flow to an investor; short-term retail leases provides flexibility in the lease-up strategy; current tenants include a wellness center, art studio, and vacuum and sewing business. Substantial rental upside of over 102% in the residential rents, achievable over time with interior renovations as units turn. Close proximity to desirable amenities such as the Whole Foods on Santa Monica Blvd and Fairfax Ave, Delilah Los Angeles, Ysabel, and Laurel Hardware, among others. Incredible walk score of 97; four metro local line bus stops are located on the corner of Santa Monica Blvd and Fairfax Ave. Dense, infill location with a population of over 826, 000 in a five-mile radius, retail tenants benefit from the foot traffic along Santa Monica Blvd as well as the traffic volume of over 45, 000 vehicles per day. Opportunity to acquire a generational location with a diversified stream of income with retail and residential; the city of West Hollywood remains one of the most coveted submarkets for both asset classes.For more details: https://realtyww.info/homes_west-hollywood-d37710/for-sale_i70967390
Property Type:
Single-Family Houses
Sq feet:
300 sq. ft.
Amenities:
Parking
Posted:
April 22 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Home For Sale In West Hollywood, California
Home For Sale In West Hollywood, California is a 9 Bathroom Single-Family Homes for Sale at 7916 Santa Monica Blvd in West Hollywood CA. Find other listings like Home For Sale In West Hollywood, California and listings near 7916 Santa Monica Blvd by searching Oodle Classifieds for 9 Bathroom Single-Family Homes for Sale in West Hollywood CA.
Home For Sale In West Hollywood, California is a 9 Bathroom Single-Family Homes for Sale at 7916 Santa Monica Blvd in West Hollywood CA. Find other listings like Home For Sale In West Hollywood, California and listings near 7916 Santa Monica Blvd by searching Oodle Classifieds for 9 Bathroom Single-Family Homes for Sale in West Hollywood CA.