8560 W Olympic Blvd - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$17,500,000 USD
310-941-5899
8560 W Olympic Blvd, Los Angeles, CA for Sale
$17,500,000 USD
Apartments - FOR SALE
1/61
null | 5.01% Cap Rate

8560 W Olympic Blvd
Los Angeles, CA 90035
Pico-Robertson


HIGHLIGHTS

  • 53-Unit Value-Add Apartment Community in Excellent Beverly Hills Adjacent Neighborhood
  • Attractive Basis Relative to Replacement Cost
  • Excellent Unit Mix: Excellent unit mix consisting of (11) studio+1 units, (38) 1+1 units and (4) 2+2 units
  • Unit Features: Units feature vinyl wood flooring, central air and heat, quartz countertops and stainless-steel appliances
  • Property Amenities: Property amenities include controlled access, gated garage parking and an on-site laundry facility
  • Walk Score 88/Centrally Located

OVERVIEW

Marcus & Millichap is pleased to present Bloom Beverly Hills, a 53-unit value-add apartment community located at 8560 West Olympic Boulevard in the highly desirable Pico-Robertson rental submarket (Beverly Hills adjacent). Built in 1975, the property features a favorable unit mix consisting of (11) studio/one-bathroom units, (38) one-bedroom/one-bathroom units and (4) two-bedroom/two-bathroom units. Current rents are approximately 16% below market rate offering an investor the opportunity to raise rents by implementing a renovation program for the unit interiors and building common areas. Units feature vinyl wood flooring, central air and heat, quartz countertops and stainless-steel appliances. Property amenities include controlled access, gated garage parking and an on-site laundry facility. The 39,654 square foot building sits on a large 0.47 acre lot that is LAR3 zoned. Bloom Beverly Hills is ideally located in the desirable Pico-Robertson neighborhood, directly adjacent to the City of Beverly Hills. The property boasts an impressive Walk Score of 88, offering residents easy access to world-class shopping, dining, and retail destinations just steps away. Centrally positioned, the property provides convenient connectivity to West Hollywood, Hollywood, Beverly Hills, Century City, Westwood, Culver City, Koreatown, and Miracle Mile. Set to open in Winter 2026, the Wilshire/La Cienega D Line Station—located just three blocks away—will offer seamless public transit connections eastbound to Mid-Wilshire, Koreatown, and Downtown Los Angeles, and westbound to Beverly Hills, Century City, and Westwood (westbound extension scheduled for 2027). The property also offers easy access to the I-10 Freeway, enhancing regional connectivity.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

53

PRICE/UNIT

$330,189

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bloom Beverly Hills

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,843 SF

ZONING

R3

APN/PARCEL ID

4332-025-031

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

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Jeff LouksMarcus & MillichapMore Info
310-941-5899

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