8700 SANTA MONICA BLVD W Hollywood CA 90069-4508

8700, 8704 and 8714 Santa Monica Boulevard is a 33,640 square foot commercial property, located in the heart of West Hollywood, and surrounded by the affluent communities of Beverly Hills, Hollywood and the Hollywood Hills. West Hollywood has a well-earned reputation as a center for the latest in design, cuisine, art, entertainment and fashion, and has long been the favored shopping and dining district to celebrities and the super-affluent. Demographics in the immediate area boast average household incomes of $99,413 within a 1 mile radius and $102,290 within a 3 mile radius. The expanded trade area offers a residential population base of over 772,082 people. The property is located on Santa Monica Boulevard, which is one of the main east/west commercial arteries connecting the east side of Los Angeles to the ocean. Additionally, the location is considered one of the most densely populated cities in California, as well as one of the most walkable cities with a walk score of 95. The area is considered most dominant for tenants looking to lease office, retail or apartments due to the demand being far in excess of the available inventory, pushing rental prices to new highs.

A diverse mix of tenants includes a high end retail design center, barbershop, restaurant, fitness gym, spa, as well as office and apartment tenants. Due to the strength of the tenants and superior location, tenant retention has been exceptional. The property will continue to be in demand as a primary choice of tenants looking to enter or relocate in this market. Due to the attractive demographics in the area, and the tight supply of available space for lease, these factors will ensure continued demand and rent growth.

This is a rare opportunity for an investor to acquire a unique trophy asset in one of the most affluent parts of Southern California. It offers stabilized income that will increase in value due to the high demand for this location, limited availability, outstanding demographics and upside potential.