816 N. La Cienega Blvd.

Offering Highlights

  • Offer Price:

    $4,700,000

  • Price/SF:

    $1,197

  • Net Reantable Area:

    3,927

  • Status:

    Active

Marcus & Millichap has been selected to exclusively market for sale 816 North La Cienega Boulevard, a 3,927 square foot mixed-use retail and office building located just south of Santa Monica Boulevard and just North of Melrose Avenue in the heart of the highly sought-after neighborhood of West Hollywood, CA. Ideally located along La Cienega Boulevard, this high-profile location benefits from high daily traffic counts along a high-end retail thoroughfare. The subject property offers excellent frontage and visibility, benefiting from 41 feet of frontage along La Cienega Boulevard.

West Hollywood is at the cultural and geographical heart of the Los Angeles region, surrounded by must-see hot spots and lined with multi-million-dollar residences. Commonly known as WeHo, the neighborhood is among the top destinations in the world, and this irreplaceable location benefits from high daily traffic counts north of 35,000 vehicles per day. 816 North La Cienega Boulevard is ideally located in the heart of one of the most famously known locales for celebrities, wealthy residents, and tourists alike. There may be no greater concentration of high-end restaurants, retailers, boutiques, and nightlife than what is found in this world-famous neighborhood.

816 North La Cienega offers the unique opportunity to acquire a high-profile street retail property with flexibility in usages. The ground floor, which consists of approximately 2,000 square feet, is vacant, allowing an Owner-User Buyer to immediately occupy the space will benefiting from the income stream resulting from the second story tenant. There is currently a lease in place for the second story, which is approximately 1,927 square feet. The interior of the building has been highly upgraded, creating a modern business environment. There are eight parking spaces in the rear of the property.

816 North La Cienega creates a unique opportunity to acquire a well-located mixed-use building in one of Southern California’s best locations. The affluent surrounding demographic boasts an average income of $113,245 within a one-mile radius and a median household income of $84,384. There are over 46,000 people within one mile of the subject property and over 850,000 people within five miles. The subject property boasts a walk score of 88, making this a very walkable location with direct access to transit. 816 N. La Cienega is situated on 4,792 square feet of land zoned C4-1VL, and is located in Tier 3 Transit-Oriented Community.

Investment Highlights

  • Ideally located on North La Cienega Blvd, just south of Santa Monica Blvd and north of Melrose Ave in West Hollywood
  • 2,000 square foot ground-floor retail space is vacant, creating a unique opportunity for an Owner-User Buyer to immediately occupy the space and generate income from the second-story office tenant
  • Eight parking spaces in the rear of the property
  • 4,792 square feet of land zoned C4-1VL
  • Tier TOC
  • High daily traffic counts north of 35,000 vehicles per day
  • Highly walkable location with a walk score of 88
  • Close proximity to high-end restaurants, retailers, boutiques, and night life options

 

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