www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28295477
28295478

8560 W Olympic Blvd, Los Angeles, CA 90035

MZ
CA CA 01280909
Marcus & Millichap - Encino
JL
CA #00908473
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$17,500,000
199 days on market
Updated 39 days ago

Bloom Beverly Hills

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 39,654
Units 53
Cap Rate 5%
NOI $875,040
Pro-Forma Cap Rate 6.19%
Pro-Forma NOI $1,083,266
Price per SqFt $441
Year Built 1975
Buildings 1
Stories 3
Acreage 0.470
Zoning LAR3
Investment Type Value Add

Multifamily | 53 Units | $330,189/unit

Marketing description

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.

Investment highlights

53-Unit Value-Add Apartment Community in Excellent Beverly Hills Adjacent Neighborhood: 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 common areas

Attractive Basis Relative to Replacement Cost

Excellent Unit Mix: Excellent unit mix consisting of (11) studio/one-bathroom units, (38) one-bedroom/one-bathroom units and (4) two-bedroom/two-bathroom 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: Steps to famous shopping, dining, and retail options and centrally positioned providing easy access to West Hollywood, Hollywood, Beverly Hills, Westwood Century City, Culver City, Koreatown and Miracle Mile

Coming Soon: Wilshire/La Cienega D Line Metro Station – 3 Blocks Away: 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)

Listing Contacts

MZ
CA CA 01280909
Marcus & Millichap - Encino
JL
CA #00908473
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$875,040.00
$72,920.00/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matthew Ziegler
License
CA 01280909
Brokerage Phone
818.212.2738
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591