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8619-8621 Wilshire Blvd 7,200 SF Retail Building Beverly Hills, CA 90211 For Sale
INVESTMENT HIGHLIGHTS
- Well-located investor or owner-user property with future redevelopment potential
- In-place income
- Proximate to two future Wilshire Boulevard metro subway portals
- Potential for larger assemblage by acquiring the adjoining ±12,774 square foot parcel along Wilshire Blvd. (Different owner.)
- NO “Mansion Tax” in City of Beverly Hills
- Site is zoned BHC3 allowing for mixed-use redevelopment
EXECUTIVE SUMMARY
CBRE, as exclusive advisor, is pleased to present the opportunity to acquire 8619-8621 Wilshire Boulevard: an owner-user, investment, or redevelopment opportunity with in-place income in Beverly Hills, California.
The Property is improved with 7,200 square feet of retail buildings on ±11,581 square foot (0.27acres) of land.
• $172,704 annual in-place rental revenue (64% occupied)
• Proximate to two future Metro subway Wilshire Boulevard stations
• BHC3 / Mixed-use overlay zoning
• Business plan flexibility – current leases are month-to-month
POTENTIAL FOR LARGER ASSEMBLAGE
In addition to the Subject Property, the adjacent 12,774 square foot lot located at 8633 Wilshire Boulevard is also available for sale (different owner).
If combined the three APNs at 8619-8621 Wilshire and 8633 Wilshire would total ±24,355 square feet of land, representing an extremely rare opportunity to create an assemblage on Wilshire Boulevard in the highly desirable Beverly Hills submarket.
The Property is improved with 7,200 square feet of retail buildings on ±11,581 square foot (0.27acres) of land.
• $172,704 annual in-place rental revenue (64% occupied)
• Proximate to two future Metro subway Wilshire Boulevard stations
• BHC3 / Mixed-use overlay zoning
• Business plan flexibility – current leases are month-to-month
POTENTIAL FOR LARGER ASSEMBLAGE
In addition to the Subject Property, the adjacent 12,774 square foot lot located at 8633 Wilshire Boulevard is also available for sale (different owner).
If combined the three APNs at 8619-8621 Wilshire and 8633 Wilshire would total ±24,355 square feet of land, representing an extremely rare opportunity to create an assemblage on Wilshire Boulevard in the highly desirable Beverly Hills submarket.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
7,200 SF
Building Class
C
Year Built
1948
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.27 AC
Zoning
BHC3* - Commercial
Parking
12 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
48’ on Wilshire Boulevard
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $905,903 CAD | |
| Land Assessment | $2,889,425 CAD | Total Assessment | $3,795,328 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,889,425 CAD
Improvements Assessment
$905,903 CAD
Total Assessment
$3,795,328 CAD
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8619-8621 Wilshire Blvd
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