Santa Monica Lofts
Luxury Boutique Hospitality & Retail Asset in WeHo | Significant Value-Add Potential
Marketing description
Kidder Mathews has been exclusively retained by Ownership to offer the opportunity to acquire Santa Monica Lofts, a high-street mixed-use retail and boutique hospitality asset located in the heart of West Hollywood.
Positioned on the prominent corner of Santa Monica Boulevard and Vista Street, the asset consists of a 16,429 square-foot building situated on a 0.14-acre site with exceptional frontage and visibility along one of the most active commercial corridors in Los Angeles.
The offering also includes an additional 0.10-acre parcel located directly across the street at 7501 Santa Monica Blvd. The lot is currently utilized for parking and provides 18 single or 30+ tandem spaces. While the parking lot is not currently generating income, it offers significant future revenue potential through paid parking operations or other value-add strategies.
The Property is home to a curated mix of highly regarded local businesses, including Javista Coffee
and, formerly, Breakfast by Salt’s Cure, both of which have cultivated strong neighborhood followings and consistent consumer traffic. After occupying the ground floor retail suite for nearly a decade, Breakfast by Salt’s Cure vacated the space on June 30, 2026, creating a rare opportunity to attract a new high-quality tenant and mark rents to market. The second floor is also home to a well-established boutique Pilates studio with an excellent local reputation.
In addition to the retail and fitness components, the asset features four large, thoughtfully designed, fully furnished residential units currently operated as short-term rentals. Most notably, Ownership recently received approval from the City of West Hollywood for a Conditional Use Permit (CUP) allowing these units to legally operate as hotel rooms, creating a rare opportunity to capitalize on continued demand for boutique hospitality accommodations within West Hollywood.
The Property also includes a Verizon Wireless cell site, an additional vacant cell site offering future leasing upside, and an income-producing billboard, providing additional ancillary revenue streams.
The asset benefits from immediate proximity to the Sunset Strip, Fairfax District, Beverly Grove, and
Hollywood, as well as the continued growth and evolution of the surrounding West Hollywood market. This offering presents investors with the opportunity to acquire a highly visible mixed-use investment combining established retail tenancy, boutique hospitality income, multiple value-add opportunities, and long-term positioning within one of Los Angeles' premier lifestyle destinations.
Investment highlights
PREMIER WEST HOLLYWOOD LOCATION
Prime Santa Monica Blvd location with immediate access to Hollywood, Beverly Grove, Fairfax, and the Sunset Strip.
EXTENSIVELY RENOVATED ASSET
Comprehensive 2004 redevelopment included significant upgrades to all major building systems and infrastructure.
RARE BOUTIQUE HOSPITALITY ENTITLEMENT
Recently approved Conditional Use Permit (CUP) authorizing a six-room boutique hotel in one of Southern California's most supply-constrained hospitality markets.
LUXURY RESIDENTIAL HOSPITALITY COMPONENT
Four fully furnished, professionally designed residences with proven short-term rental performance.
6.92% YEAR 1 CAP RATE
Lease-up of the recently vacated Suite 101 at projected market rents provides a clear path to an estimated 6.92% year 1 cap rate.
SEPARATE PARKING PARCEL
0.10-acre parking parcel offers immediate income potential and long-term redevelopment optionality. Both parcels must be acquired together.
NOT SUBJECT TO MEASURE ULA
The Property is located in West Hollywood and is not subject to the City of Los Angeles' Measure ULA transfer tax.
POTENTIAL ACCELERATED DEPRECIATION BENEFITS
The Property's boutique hospitality entitlement may provide qualifying investors with significant tax planning opportunities through cost segregation and accelerated depreciation.
ESTABLISHED NEIGHBORHOOD RETAIL TENANCY
Anchored by Javista Coffee and Breakthrough Pilates, two well-established neighborhood businesses with long-term tenancy.
TELECOM & ADVERTISING REVENUE
Existing Verizon Wireless cell site and billboard generate over $39,000 annually, with additional upside from a vacant cell site.
MULTIPLE VALUE-ADD OPPORTUNITIES
Potential to expand boutique hospitality operations, develop ADUs, monetize the parking parcel, and unlock additional ancillary income.
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