8001 Santa Monica Boulevard
Mixed Use | 12,439 SqFt
Marketing description
Jones Lang LaSalle as exclusive advisor is pleased to present the opportunity to acquire the fee simple interest in 8001 Santa Monica Boulevard, Los Angeles, CA 90046 (the Property or Offering). The Property consists of 12,458 square feet of land situated within the most popular corridor of West Hollywood at the intersection of Santa Monica Boulevard (21,352 VPD) and Laurel Avenue (3,111 VPD). 8001 Santa Monica Boulevard offers an exceptional opportunity for transformative redevelopment in a vibrant neighborhood bustling with lively restaurants and trendy cafes that reflect the diverse spirit of West Hollywood. The subject property is ideally positioned for a wide range of uses, including premier retail, boutique hospitality, creative office, multifamily, or vibrant mixed-use projects.
Investment highlights
- Rare West Hollywood Redevelopment Opportunity - The Property provides investors a redevelopment opportunity of over 12,400 square feet of land with CC2 zoning in the Mixed-Use Incentive Overlay Zone (MUIOZ) of West Hollywood. These designations encourage higher-density, transit-oriented, mixed-use development in one of the nation's most supply-constrained submarkets. The site is well-positioned for ground-up retail, creative office, boutique hospitality, multifamily, or mixed use product.
- Trophy Location - The property is ideally situated on the main thoroughfare at the intersection of Santa Monica Boulevard and Lauren Avenue. The Property provides 65 feet of frontage on Santa Monica Boulevard and 140 feet on Laurel Avenue making it a prime location for an exciting entertainment concept or multifamily development. The opportunity allows investors to capture the asset at a discounted basis as the area recaptures its prominence as the cultural and entertainment hub of Los Angeles.
- Popular Retail Corridor - The property is truly in the heart of West Hollywood, California. Within walking distance of the property lies Whole Foods, West Hollywood City Hall, along with dozens of other premium restaurants, social clubs, hotels, and entertainment venues.
- Dense and Affluent Trade Area - The consumer base in West Hollywood is ideal for retail, as patrons are active across all hours of the day and night. Total consumer spending reaches $4.6 Billion within just three-miles of the property with a population of over 280,000 within the same radius.
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