7617 Santa Monica BlvdWest Hollywood, CA 90046

Property Details for 7617 Santa Monica Blvd

Year built

1970

Lot size

0.71 AC

Property size (Sq ft)

6,685 SF

Zone code

WDC2A*

Property type

Retail properties

Property subtype

Other car washes

APN

5530-011-037

APU

5530011037

Description

This exceptional 75,000 square foot, four-story retail building at 7617 Santa Monica Blvd, West Hollywood, CA 90046 (APN 5530-011-037) presents a unique investment opportunity. Built in 2023, the property boasts state-of-the-art finishes and expansive floor-to-ceiling windows, creating a stunning visual impact. The building is ideally suited for multiple restaurant and retail tenants, offering significant branding potential to over 50,000 daily drivers on Santa Monica Blvd. Conveniently located near the cross street of Santa Monica Blvd, this single building provides secured on-site parking dedicated to retail tenants. The property is fully equipped for restaurant use, including pre-installed hood shafts and grease interceptors, saving significant time and expense for future occupants. This prime West Hollywood location offers unparalleled visibility and accessibility, making it an ideal choice for discerning businesses seeking a high-impact presence in a vibrant and affluent market. The property's modern design and comprehensive amenities ensure a seamless and efficient operation for any tenant. This is a rare opportunity to secure a prominent location in one of Los Angeles's most sought-after neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $2,847,259

  6.5%

  $2,628,239

  7%

  $2,440,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,203,474

  Geo Method

  $3,203,474

• Alternative Use

  Use

  Valuation

  Residential

  $2,217,018

  Hospitality

  $2,030,776

  Educational

  $1,689,582

  Medical

  $1,747,690

  Retail

  $2,628,239

Location Insight

City

West Hollywood

County

Los Angeles

State

California

Latitude

34.0911

Longitude

-118.356

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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