Listed by Lee & Associates - Los Angeles - West
Unpriced
Five-Asset Portfolio in the Heart of Beverly Hills
Details
Property Type Retail, Office
Sub Type Executive Office, Commecial
Square Footage 52,937
Stories 2
Acreage 1.540
Parking Spaces 160 spaces
Parking Per SqFt 3.02
Retail | 52,937 SqFt
Marketing description
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 unparalleled 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.
Lee & Associates Los Angeles West, Inc., as exclusive advisor, is pleased to offer a rare opportunity to acquire a five-building retail and office portfolio along the highly coveted Olympic Boulevard corridor in Beverly Hills.
Totaling ±52,937 square feet across ±67,127 SF (±1.54 acres), the offering provides a rare combination of stabilized cash flow, immediate occupancy potential, and long-term redevelopment upside.
Strategically positioned between Robertson and South Beverly Drive—just blocks from the Golden Triangle, Cedars-Sinai, and the new Purple Line Extension—the portfolio sits within one of Los Angeles’ most supply-constrained and coveted global submarkets.
With a mix of 100% leased and fully vacant assets, the offering provides immediate optionality for investors, users, or developers. All properties are zoned C-3T-2 with Mixed-Use Overlay, supporting a wide range of commercial or medical uses as well as future repositioning or entitlement strategies.
Properties may be acquired individually or as part of the broader five-property assemblage.
Investment highlights
- Portfolio Offering:
- 8950 W Olympic Blvd (Beverly Hills Plaza) | 70% Vacant
- ±30,056 SF Neighborhood Center | ±30,566 SF Land | 91 Parking Stalls
- A legacy-quality retail asset with corner frontage, ±275 feet of visibility, and rare surface and subterranean parking. Delivered ±70% vacant and ULA exempt, the building offers significant lease-up and mark-to-market potential. Zoned C-3 for retail, office, or medical use permitted by right on the second floor, supporting a wide range of repositioning strategies.
- 8844 W Olympic Blvd | 100% Leased
- ±5,864 SF Office | ±11,997 SF Land | 27 Parking Stalls
- Fully leased two-story creative office building anchored by a media tenant occupying approximately 79% of the rentable area. The property generates approximately $350,000 in combined annual rent and parking income, with average in-place rents of $5.04/SF/month NNN and a weighted average lease term (WALT) of ±2.05 years. A structured termination clause provides a clear path to owner-user occupancy by 2027. Updated building systems throughout, with second-floor medical use permitted by right. Includes an adjacent 27-stall private parking lot—an increasingly rare and valuable amenity.
- 9018–9020 W Olympic Blvd | Delivered Vacant
- ±5,000 SF Office/Retail/Showroom | ±6,000 SF Land | 6 Parking Stalls
- A highly visible, architecturally distinct jewel box delivered vacant and ideal for immediate occupancy. Featuring polished concrete floors, skylights, and 57 feet of Olympic Boulevard frontage, the single-story structure blends form and function—tailored for creative, gallery, showroom, wellness, or boutique retail users.
- 9024 W Olympic Blvd | Delivered Vacant
- ±6,058 SF Office | ±6,283 SF Land | 16 Parking Stalls
- A distinctive two-story garden-style office with a central courtyard and a mix of private offices and open workspace. Delivered vacant and suited for both single-tenant and multi-tenant use. Excellent visibility and architectural character—ideal for boutique medical, creative, or professional service tenants.
- 8925 W Olympic Blvd | Delivered Vacant
- ±4,959 SF Building | ±12,281 SF Land | 20 Parking Stalls
- Covered land development opportunity featuring a modernized, turn-key restaurant building with ±$1.75M in upgrades including roof, HVAC, storefront, grease interceptor, and more. Dual gated access and 20 on-site parking stalls. Flexible interim use potential and entitlement upside under the C-3T-2 zoning with Mixed-Use Overlay.
- Trophy Location - Coveted Beverly Hills address with rare corner frontage and street visibility
- Immediate Upside - Delivered approximately 70% vacant with strong lease-up and repositioning potential
- Corner Lot Prominence - Full block-to-block exposure at Olympic & La Peer with ±275 feet of frontage
- Flexible Zoning - C-3T-2 Retail, Office of Medical use permitted by-right on the second floor
- ULA-Exempt - Located outside the City of Los Angeles, exempt from Measure ULA
- Transit-Adjacent - Minutes from Purple Line Extension (2028) at Beverly & Wilshire
Listing Contacts
Listed by Lee & Associates - Los Angeles - West
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