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Investment Highlights

  • Appx 3,406 SF Parcel with 4,799 SF of Improvements Over Two Stories
  • 2nd Floor Features 3 Separate Office Suites w/ Shared Outdoor Space
  • Hours of Operation: 10 am - 2 am, 7 Days a Week
  • Ground Floor 2nd Gen Restaurant + Covered Patio
  • Type-47 Liquor License

Executive Summary

As exclusive advisors, Avison Young is proud to present this exceptionally rare opportunity to acquire a premier mixed-use asset in the heart of West Hollywood. Situated on coveted Robertson Boulevard, the Property enjoys a highly visible location at the intersection of West Hollywood’s renowned design, dining, fashion, and entertainment districts. The Property is surrounded by an impressive collection of luxury retailers and iconic destinations including Acne Studios, Chrome Hearts, Maxfield, Craig’s, Cecconi’s, Bottega Louie, Gracias Madre, Drake’s Hollywood, DOGPOUND, Hauser & Wirth, the Pacific Design Center, and West Hollywood Park & Aquatics Center.
Offering exceptional flexibility for investors and owner-users alike, the Property consists of a 3,406-square-foot parcel improved with approximately 4,799 square feet across two stories. The ground floor features a fully built-out restaurant space with liquor service, commercial kitchen, and covered patio frontage along Robertson Boulevard, and is currently vacant, providing an immediate opportunity for an owner-user or tenant repositioning strategy. The second floor is accessed via a private entrance on El Tovar Place and consists of three office suites currently occupied by month-to-month tenants, allowing for near-term occupancy flexibility while providing interim income. This unique configuration presents an ideal opportunity for an owner-user to occupy all or a portion of the Property while benefiting from existing rental income. Ample parking is available in the adjacent West Hollywood public parking structure as well as along Robertson Boulevard and Melrose Avenue.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,799 SF
Building Class
C
Year Built
1959
Price
$10,514,475 CAD
Price Per SF
$2,190.97 CAD
Percent Leased
27%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.38
Lot Size
0.08 AC
Zoning
WDC1A - Commercial
Frontage
100’ on Robertson

Amenities

  • Bus Line
  • Conferencing Facility
  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Roof Terrace
  • Storage Space
  • Air Conditioning
  • Balcony
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
Bank of America
Oakberry
First Citizens Bank & Trust
NORMS
The Halal Guys
Chase Bank
Pavilions
Blue Bottle Coffee
The Coffee Bean & Tea Leaf

Property Taxes

Property Taxes

Parcel Number
4336-007-033
Land Assessment
$930,463 CAD
Improvements Assessment
$745,663 CAD
Total Assessment
$1,676,126 CAD
  • Listing ID: 30959765

  • Date on Market: 2024-02-14

  • Last Updated:

  • Address: 616 N Robertson Blvd, West Hollywood, CA 90069

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