112-122 S Robertson Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90048- Hancock Park
$10,100,000 USD
718-578-8772
112-122 S Robertson Blvd, Los Angeles, CA for Sale
$10,100,000 USD
Storefront Retail/Office - FOR SALE
1/83
null | 3.32% Cap Rate

NEW


112-122 S Robertson Blvd
Los Angeles, CA 90048
Hancock Park


HIGHLIGHTS

  • Walker’s Paradise (92 Walk Score): Immediate pedestrian access to world-class dining, luxury retail, and the Cedars-Sinai Medical Center.
  • Direct Cedars-Sinai Proximity: Strategically located adjacent to the new Cedars-Sinai development, a permanent driver of high-income foot traffic.
  • Massive NOI Growth Potential: Opportunity to capture significant "expense recovery lift" by transitioning nearly 50% of the building to NNN structures
  • 51% Owner-User Potential by 2028: Perfect for SBA buyers looking to secure a flagship location with a clear path to majority occupancy.
  • Immediate Retail Upside: ±2,465 SF of prime ground-floor retail vacancy ready for immediate lease-up at market rates.

OVERVIEW

Conroy Commercial and Tamarack Real Estate Services are pleased to present 112-122 S. Robertson Blvd, a high-visibility, boutique mixed-use asset located at the epicenter of Los Angeles’ most desirable retail and office corridors. This ±20,220 rentable square foot building offers a unique blend of ground-floor premium retail and flexible second/third-floor office suites, situated directly adjacent to the massive new Cedars-Sinai development site. Unrivaled Strategic Location With an exceptional "Walker’s Paradise" Walk Score of 92, the property provides immediate pedestrian access to the world-renowned Cedars-Sinai Medical Center. It sits at the nexus of West Hollywood and Beverly Hills, steps away from the iconic Robertson Boulevard shopping district and legendary institutions like The Ivy. This "Main and Main" positioning ensures a constant inflow of high-earning professionals and consistent demand for essential services and luxury retail. Immediate Value-Add & Expense Recovery Lift This asset presents a sophisticated "mark-to-market" opportunity for a savvy investor. Approximately 2,716 SF is currently vacant, including two prime ground-floor retail bays totaling ±2,465 SF and a unique rooftop unit with significant upside. Beyond leasing up vacancies, there is an immediate opportunity to massively increase Net Operating Income (NOI). Currently, nearly 50% of the building’s footprint is tied to non-recovery or gross lease structures. As these near-term expirations occur, a new owner can transition these suites to building-standard NNN or Base Year models, shifting the expense burden of property taxes, insurance, and utilities to the tenant pool. Furthermore, the existing NNN and Base Year leases already contain explicit language allowing for the pass-through of property tax increases triggered by a change in ownership, providing essential Prop 13 protection. Owner-User / SBA Financing Potential The property is an ideal candidate for SBA financing. A buyer has the unique potential to occupy at least 51% of the property by 2028. With the building's anchor footprint and several other suites having no remaining renewal options, a buyer can strategically take possession of up to 75% of the building within a three-year window. Exceptional Amenity & Security Profile The asset features rare-for-the-area on-site parking with 12 assigned tandem spaces, providing total capacity for up to 24 vehicles. The lease provisions are already tailored for high-end luxury users, including existing permissions for armed security personnel and specialized inventory protection waivers. This is a rare opportunity to acquire a stabilized asset with a "leaky" expense profile that can be rapidly optimized to achieve a projected Year-3 stabilized NOI of over $800,000.

FOR SALE DETAILS

PRICE

$10,100,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

3.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2

APN/PARCEL ID

4334-005-005

ASK ABOUT THIS PROPERTY

Seth GrossmanConroy CommercialMore Info
718-578-8772

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Seth GrossmanConroy CommercialMore Info
718-578-8772

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.