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34245109
34245108

7748 Santa Monica Boulevard, West Hollywood, CA 90046 For Sale

ML
CA 01948233
Zacuto Group
Listed by Zacuto Group
$1,900,000
11 days on market
Updated 11 days ago

7748 Santa Monica Boulevard

Details
Property Type Mixed Use, Retail (+1)
Sub Type Storefront
Square Footage 2,247
Cap Rate 6.24%
NOI $118,596
Occupancy 64%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.97%
Pro-Forma NOI $132,339
Price per SqFt $846
Year Built 1924
Buildings 2
Lot Size (SqFt) 3,095
Zoning WDC2A
Investment Type Owner/User
Ground Lease No

Mixed Use | 6.24% CAP | 2,247 SqFt

Marketing description

Matthew Luchs and John Lally of Zacuto Group are pleased to exclusively present 7748 Santa Monica Boulevard, a 64% occupied ±2,247 square foot mixed-use commercial property situated on ±3,095 square feet of land, just blocks from the signalized intersection of N Fairfax Avenue and Santa Monica Boulevard in West Hollywood, California.

The property consists of a highly visible single-story retail building along Santa Monica Boulevard with a separate two-story residential unit located at the rear of the parcel. The front retail space is occupied by Farm Coffee Cup, a popular neighborhood café known for organic single-origin coffee, ceremonial matcha, and fresh pastries. The space also features curated merchandise including P.F. Candle Co. and products from local LGBTQ+ makers. This location was home to Farm Coffee Cup's original 1964 Citroën HY Van prior to the brand's expansion into a brick-and-mortar presence, further reinforcing its strong local following and brand identity.

The retail component is structured on an NNN lease, shifting operating expenses to the tenant and providing predictable, low-management cash flow. Between the retail and residential components is a state-of-the-art creative office and patio area, offering an inspiring and flexible environment for an owner-user or tenant seeking a boutique workspace.

At the rear of the parcel is a detached two-story apartment unit consisting of a two-bedroom, one-bath layout. The unit is currently leased on a month-to-month basis and can be delivered vacant at closing, creating meaningful upside through renovation and repositioning to market rents.

The property is projected to generate $153,132 in annual scheduled base rent, with average rents of approximately $5.14 per square foot per month. The retail lease has approximately 6.66 years remaining, positioning the asset as a stable long-term investment with built-in income security and future growth potential.

The property benefits from prominent frontage along Santa Monica Boulevard with exposure to approximately 45,000 vehicles per day, as well as strong pedestrian traffic driven by the surrounding dense and affluent residential neighborhoods. Within a two-mile radius, average household income exceeds $111,000, the population surpasses 164,000, and median home values exceed $1.1 million. Within a five-mile radius, the population approaches 875,000 with similarly strong income demographics. The asset is further supported by a public parking lot located one block east of the property.

West Hollywood's retail and multifamily markets are characterized by high barriers to entry, strict zoning and development constraints, and consistently strong tenant demand, resulting in historically low vacancy rates. The Santa Monica Boulevard corridor in particular benefits from steady local spending, strong daytime traffic from commuters, and resilient retail fundamentals that continue to outperform broader Los Angeles market trends.

With its prime West Hollywood location, NNN retail income, creative office and patio component, and clear value-add opportunity through residential rent growth, 7748 Santa Monica Boulevard offers investors and users a rare opportunity to acquire a durable income-producing asset with upside in one of Southern California's most competitive and desirable retail corridors.

Investment highlights

  • Ideal Owner-User Opportunity: Perfectly suited for an owner-user seeking a live-work environment. Currently positioned for a user to occupy over 51% of the property; allowing attractive SBA financing that offers as little as 10% down and increased purchasing power.
  • Prime West Hollywood Location: Exceptional frontage along Santa Monica Boulevard, one of West Hollywood's primary commercial corridors connecting the city to Hollywood, Beverly Hills, Larchmont, Hancock Park, Melrose, Fairfax, and Century City. The property benefits from exposure to approximately 45,000 vehicles per day, strong pedestrian traffic, and excellent walkability to surrounding residential neighborhoods.
  • Mixed-Use Asset with Diverse Income Streams: ±2,247 SF mixed-use retail and residential building leased to Farm Coffee Cup and a residential tenant on a month-to-month basis. Farm Coffee Cup has occupied the retail space for over four years and has just under seven years remaining on its lease, demonstrating long-term commitment to the location. The property also features a centrally located creative office and patio space that has recently undergone a premier, innovative renovation. The apartment unit will be delivered vacant at the close of escrow.
  • Destination Retail Tenant: Farm Coffee Cup is a well-known neighborhood destination that attracts consistent daily traffic and strong weekend demand. Its established brand presence enhances the property's visibility and reinforces the corridor's retail appeal.
  • NNN Retail Lease with Minimal Landlord Management: The retail tenant operates under a NNN lease structure and is responsible for property taxes, insurance, and maintenance, providing predictable cash flow with limited management responsibilities for ownership.
  • Immediate Residential Rental Upside: The estimated market rent for the residential unit is approximately $4.15 per square foot per month on a modified gross basis. With the unit leased month-to-month and deliverable vacant, a buyer has near-term lease rollover and clear upside through repositioning to market rents.
  • Affluent & Dense Trade Area: Within a two-mile radius, the property is supported by approximately 164,000 residents with average household incomes exceeding $111,000 and median home values above $1.1 million. The five-mile radius population approaches 875,000, with similarly strong income levels and consumer spending power.
  • High-Barrier-to-Entry West Hollywood Market: West Hollywood's strict zoning regulations, limited commercial land availability, and sustained tenant demand have historically produced low vacancy rates, above-market rental levels, and strong long-term appreciation.

Listing Contacts

ML
CA 01948233
Zacuto Group
Listed by Zacuto Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$118,596.00
$9,883.00/mo

Valuation Metrics

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DSCR
6.24%
Cap Rate
6.24%
ROI

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Additional Information

Name
Matthew Luchs
License
01948233
Brokerage Phone
3104699398
Title
CA
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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