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7916 Santa Monica Blvd, West Hollywood, CA, 90046
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7916 Santa Monica Blvd West Hollywood, CA, 90046

$3,850,000 Commercial for sale Other

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 & 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 & 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
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Property details

7,696 sqft interior area
Land area
6,252 sqft (0.14 acres)
Days on Verhouse
49
Address
7916 Santa Monica Blvd, West Hollywood, CA, 90046
City of California
West Hollywood
County
Los Angeles
Year Built
1925
District
Listing

Nearby major retailers

Albertsons
Trader Joe's
Whole Foods Market
T-Mobile
Gucci
Tom Ford
Toyota
Supermarket: 12
Mobile phone: 6
Clothes: 2
Car: 1
Car repair: 1
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Interior Features

Garage & Parking
Other

Listed by

Neema Ahadian, Marcus & Millichap
Name
Neema Ahadian
License number
01346750
Brokerage company
Marcus & Millichap
MLS #
CL24380821

Payment calculator

Calculate your monthly payments
Mortgage
$11,821
Taxes
$0
HOA dues
$0
$11,821 per month
Mortgage
$770,000 / 20%
2.28%
30 years
Your amount $11,821 / month

Lot details

TMK #5529009028
Parcel nr.
5529009028

90046 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 90046

34%
Families with children
National average: 39%
62%
Non family households
445,681
Population
$129,470
Average Income

Age & gender

Median age 39 years
More info

Commute types

74% commute by car
More info

Education level

38% have bachelor education
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Number of employees

1% work in retail trade
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Vehicles available

53% have 1 vehicle
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Vehicles by gender

53% have 1 vehicle
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Housing market insights for

$2.44m
Neighborhood average
sales price*
$1.73m
Neighborhood median
sales price*
802
Number
of sales*

Housing type

36% are apartments
More info

Rooms

38% of the houses have 2 or 3 rooms
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Bedrooms

44% have 2 or 3 bedrooms
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Owners vs Renters

69% are renters
More info
18.17 / 20
Most Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

New Listing Apr 1, 2024
Date Event Price $/sqft Source
Apr 1, 2024 New Listing $3,850,000 0 MLS #CL24380821

Taxes of 7916 Santa Monica Blvd, West Hollywood, CA, 90046

WDC2 zoning / MLS #CL24380821
Zoning
WDC2

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Frequently Asked Questions about 7916 Santa Monica Blvd

What is 7916 Santa Monica Blvd?

7916 Santa Monica Blvd is a Commercial/Industrial propertywith 7,696 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

7916 Santa Monica Blvd, West Hollywood, CA, 90046.

What comparable properties are nearby?

Comparable nearby commercial properties include 1146 N Formosa Ave, 8814 Harratt St, 1244 Larrabee St, 909 N San Vicente Blvd, 866 Hilldale Ave, 1316 N Fairfax Ave.

Based on information from the bridgeMLS as of 05-19-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: Apr 19, 2024
Verhouse Last checked 10 minutes ago


The closest grocery stores are Whole Foods Market, 0.1 miles away and Gelson's Market, 0.52 miles away.
The 90046 zip area has a population of 445,681, and 34% of the families have children. The median age is 39.47 years and 74% commute by car. The most popular housing type is "apartment" and 69% is renter.
Commercial For sale $3.85m 7916 Santa Monica Blvd, West Hollywood, CA, 90046 Save House Remove from Saved