7223 Beverly Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90036- Beverly Grove
$4,300,000 USD
718-578-8772
7223 Beverly Blvd, Los Angeles, CA for Sale
$4,300,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 5.52% Cap Rate

7223 Beverly Blvd
Los Angeles, CA 90036
Beverly Grove


HIGHLIGHTS

  • Distinctive 1929 Art Deco mixed-use investment in prime Beverly Grove
  • Approximately 6,370 SF of retail/office space on an approximately 4,000 SF LAC2-zoned lot
  • Two ground-floor retail tenants plus multiple second-floor office/service suites
  • Diversified income stream with leasing and mark-to-market upside
  • Prominent Beverly Boulevard frontage in a highly walkable infill location
  • Central location with convenient access to West Hollywood, The Grove, Fairfax, Miracle Mile and Beverly Hills

OVERVIEW

Rare opportunity to acquire a distinctive Art Deco mixed-use investment property in the heart of Beverly Grove. 7221–7225 Beverly Boulevard features approximately 6,370 SF of retail and office space on an approximately 4,000 SF LAC2-zoned lot. The property is currently configured with two ground-floor retail tenants and multiple second-floor office/service suites, providing a diversified income stream with additional upside through future leasing and mark-to-market opportunities. Built in 1929, the property offers prominent Beverly Boulevard frontage, strong architectural character, and a highly walkable central Los Angeles location surrounded by restaurants, boutiques, neighborhood services and dense residential communities. Its Beverly Grove location provides convenient access to West Hollywood, The Grove, Fairfax, Miracle Mile and Beverly Hills. The offering presents investors with a rare combination of current income, small-suite leasing flexibility, long-term appreciation potential and an irreplaceable infill location.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$675 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,999 SF

ZONING

LAC2

APN/PARCEL ID

5525-035-015

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.