8981 W Sunset Blvd | West Hollywood, CA 90069
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8981 W Sunset Blvd
West Hollywood, CA 90069
Office Property For Sale
Executive Summary
Rembert & Rowland Real Estate, in collaboration with KW Commercial, is thrilled to
present a once-in-a-decade investment opportunity: a prime development site on the
iconic Sunset Strip located at 8981 W Sunset Boulevard and Hammond Street. This
exceptional portfolio includes a high-visibility creative office building and two luxurious
residential homes. Nestled in the heart of West Hollywood, the property offers over half
an acre of prime real estate with immense potential for future development. The existing
homes provide a stable income stream during the entitlement process, making this
an ideal investment for discerning buyers seeking to capitalize on LA’s most coveted
locations.
8981 W Sunset Boulevard presents a blank canvas for redevelopment and currently
offers prime creative office space with significant upside potential. This iconic Sunset
Boulevard property boasts of ±42,365 square feet of flexible office space, complemented
by ±10,472 square feet of residential living space with two homes located in back of the
property at 8972-8974 Shoreham Drive. The entire property sits on a generous ±25,133
square foot lot, totaling ±52,837 rental square feet.
West Hollywood, California is a vibrant city known for its diverse community,
entertainment scene, and trendy lifestyle. Located just west of Beverly Hills, it offers
easy access to the bustling Los Angeles metropolitan area. Nearby cities include Beverly
Hills, Hollywood, Santa Monica, and Culver City. Freeways such as the 101, 10, and 405
provide convenient transportation options. Major thoroughfares like Sunset Boulevard,
Santa Monica Boulevard, and Melrose Avenue are bustling hubs for shopping, dining, and
nightlife. Residents enjoy a wide range of amenities, including parks, farmers markets,
gyms, and cultural institutions. West Hollywood is also home to numerous world-class
restaurants, bars, and nightclubs, making it a popular destination for locals and tourists
alike.
8981 W Sunset Boulevard offers a once-in-a-lifetime opportunity to acquire an iconic
Sunset Strip property. This prime West Hollywood location, combined with the property’s
versatile zoning and significant square footage, presents an infinite potential for
creative redevelopment. This is a trophy asset opportunity and an ideal choice for both
investors and developers seeking long-term stability and growth. Whatever you may envision this property is poised to become a landmark destination.
present a once-in-a-decade investment opportunity: a prime development site on the
iconic Sunset Strip located at 8981 W Sunset Boulevard and Hammond Street. This
exceptional portfolio includes a high-visibility creative office building and two luxurious
residential homes. Nestled in the heart of West Hollywood, the property offers over half
an acre of prime real estate with immense potential for future development. The existing
homes provide a stable income stream during the entitlement process, making this
an ideal investment for discerning buyers seeking to capitalize on LA’s most coveted
locations.
8981 W Sunset Boulevard presents a blank canvas for redevelopment and currently
offers prime creative office space with significant upside potential. This iconic Sunset
Boulevard property boasts of ±42,365 square feet of flexible office space, complemented
by ±10,472 square feet of residential living space with two homes located in back of the
property at 8972-8974 Shoreham Drive. The entire property sits on a generous ±25,133
square foot lot, totaling ±52,837 rental square feet.
West Hollywood, California is a vibrant city known for its diverse community,
entertainment scene, and trendy lifestyle. Located just west of Beverly Hills, it offers
easy access to the bustling Los Angeles metropolitan area. Nearby cities include Beverly
Hills, Hollywood, Santa Monica, and Culver City. Freeways such as the 101, 10, and 405
provide convenient transportation options. Major thoroughfares like Sunset Boulevard,
Santa Monica Boulevard, and Melrose Avenue are bustling hubs for shopping, dining, and
nightlife. Residents enjoy a wide range of amenities, including parks, farmers markets,
gyms, and cultural institutions. West Hollywood is also home to numerous world-class
restaurants, bars, and nightclubs, making it a popular destination for locals and tourists
alike.
8981 W Sunset Boulevard offers a once-in-a-lifetime opportunity to acquire an iconic
Sunset Strip property. This prime West Hollywood location, combined with the property’s
versatile zoning and significant square footage, presents an infinite potential for
creative redevelopment. This is a trophy asset opportunity and an ideal choice for both
investors and developers seeking long-term stability and growth. Whatever you may envision this property is poised to become a landmark destination.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
42,365 SF
Building Class
B
Year Built
1987
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
6,534 SF
Building FAR
6.48
Lot Size
0.15 AC
Zoning
LAR1 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations
Parking
69 Spaces (1.63 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 5560-025-021 | Improvements Assessment | $2,413,066 |
| Land Assessment | $1,198,845 | Total Assessment | $3,611,911 |
PROPERTY TAXES
Parcel Number
5560-025-021
Land Assessment
$1,198,845
Improvements Assessment
$2,413,066
Total Assessment
$3,611,911
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