CBRE, Inc., as an exclusive advisor, is pleased to present the opportunity to acquire 8500 Santa Monica Blvd. in West Hollywood, California. Located at the illustrious intersection of Santa Monica Blvd. and La Cienega Blvd., this trophy asset is one of the last remaining properties with significant scale at a prolific corner in Los Angeles. On the doorsteps of the Sunset Strip and Restaurant Row, this location serves as an entry way to the most highly sought-after destinations in the world.
8500 Santa Monica currently contains a mix of retail and office uses within three structures equating ± 13,198 square feet (“SF”) and ± 30,146 SF of land. The tenant mix allows for a future investor to capitalize on in-place income while applying for entitlements or reposition entirely, substantially increasing cash-flow. With parcels located in both the cities of West Hollywood and Los Angeles, the site contains highly attractive zoning designations allowing for a vast array of uses. Contained in both the West Hollywood Community Commercial district as well as Los Angeles’ Transit Orient Community Tier 3 district, current zoning aims to incentivize development of higher density mixed-use. The city also desires the addition of commercial components, aimed to retain the local areas identity as a regional destination for nightlife and entertainment – a place where residents of the greater Los Angeles area come to dine and socialize
Both the scale and location of the site make this acquisition a truly rare and desirable opportunity. Upon repositioning, 8500 Santa Monica will remain and grow into a location that tourist and locals come to recognize as one of the most iconic destinations in the City of Los Angeles.
The site is amongst the most highly sought-after opportunities to hit the market within Los Angeles when considering the community defining impact this location will have for decades to come.
