8759-8763 Santa Monica Blvd - Apartments CONDO FOR SALE
West Hollywood, CA 90069 |
$13,345,000 USD
818-259-0476
8759-8763 Santa Monica Blvd
West Hollywood, CA 90069
HIGHLIGHTS
- Rare Opportunity to Acquire a Prominent Multi-Tenant Retail Condo Investment in Downtown West Hollywood
- Stabilized Investment with Strong Tenancy: The Shops at Hancock Lofts is currently fully occupied and leased to three (3) established businesses
- Multi-Level Parking Lot & Additional Income Included
- Improving Returns: The existing leases contain strong upcoming scheduled rent increases and the parking income has shown strong year-over-year growth
- Dense Southern California Demographics: West Hollywood boasts a vibrant and affluent population with a high concentration of young professionals
- High Barriers to Entry: Supply constrained, densely populated, infill trade area with limited sites available for future development or redevelopment
FOR SALE DETAILS
PRICE
$13,345,000 USD
PRICE/SF
$1,269 USD /SF
CAP RATE
6.5%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hancock Lofts
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
41,509 SF
STORIES
4
BUILDING CLASS
B
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
152
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
C2A
APN/PARCEL ID
4339-010-085
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818-259-0476
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818-259-0476
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