323-590-9494
8950 W Olympic Blvd, Beverly Hills, CA for Sale
Storefront Retail/Office - FOR SALE
1/32
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8950 W Olympic Blvd
Beverly Hills, CA 90211


HIGHLIGHTS

  • Trophy Location - Coveted Beverly Hills address with rare corner frontage and street visibility
  • Flexible Zoning - C-3T-2 Retail, Office of Medical use permitted by-right on the second floor
  • Immediate Upside - Delivered approximately 70% vacant with strong lease-up and repositioning potential
  • ULA-Exempt - Located outside the City of Los Angeles, exempt from Measure ULA
  • Corner Lot Prominence - Full block-to-block exposure at Olympic & La Peer with ±275 feet of frontage
  • Transit-Adjacent - Minutes from Purple Line Extension (2028) at Beverly & Wilshire

OVERVIEW

Lee & Associates – Los Angeles West Inc., as exclusive advisor, is pleased to present the exceptional opportunity to acquire 8950 W Olympic Blvd (the “Property”), a ±30,056 square foot, two-story multi-tenant retail building prominently positioned just south of the Beverly Hills Golden Triangle. Constructed in 1988, the Property is situated on a ±30,566 square foot (0.70-acre) corner lot with ±275 feet of Olympic Boulevard frontage at La Peer Drive. 8950 W Olympic Blvd features flexible configurations across 25 suites for retail, showroom, office, or medical uses (permitted by right on the second floor), 91 gated parking stalls (3.03/1,000 SF), and multiple ingress/egress points, offering unparrelled visibility and accessibility in one of the most supply-constrained submarkets in the country. Delivered approximately 70% vacant and exempt from Measure ULA, the Property presents a rare opportunity for investors or owner-users to create immediate value through lease-up and repositioning, while benefiting from long-term appreciation driven by surrounding redevelopment and infrastructure expansion. Portfolio Opportunity: This property may be acquired individually or as part of a five-building assemblage along the coveted Olympic Boulevard corridor in Beverly Hills: 8844 W Olympic Blvd – ±5,864 SF building | ±11,997 SF lot | 27 parking stalls 9018–9020 W Olympic Blvd – ±5,000 SF building | ±6,000 SF lot | 6 parking stalls 9024 W Olympic Blvd – ±6,058 SF building | ±6,283 SF lot | 12 parking stalls 8925 W Olympic Blvd – ±4,959 SF building | ±12,281 SF lot | 20 parking stalls 8950 W Olympic Blvd (Beverly Hills Plaza) – ±30,056 SF building | ±30,566 SF lot | 91 parking stalls Total Opportunity: Total Building SF: ±52,937 SF Total Land SF: ±61,130 SF (±1.40 acres) Total Parking: 156 stalls

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Beverly Hills Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,556 SF

ZONING

C-3T-2

APN/PARCEL ID

4332-009-038

ASK ABOUT THIS PROPERTY

Conor HalloranLee & Associates - West LAMore Info
323-590-9494

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Conor HalloranLee & Associates - West LAMore Info
323-590-9494

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