7900 W Sunset Blvd 23 253 pi² Vacant Commerce de détail Immeuble Los Angeles, CA 90046 À vendre

FOR SALE: Freestanding Retail/Development Site in Hollywood/West Hollywood
7900 W Sunset Boulevard offers a rare opportunity to acquire a freestanding retail and development site at one of the most iconic intersections in Los Angeles. Positioned at the southwest corner of Sunset Boulevard and Fairfax Avenue, the property features exceptional visibility, powerful signage potential, and a highly coveted digital billboard. The site includes a prominent high-clearance retail building, formerly occupied by Rite Aid, along with an additional street-front retail structure that includes a restaurant space and a vacant storefront. With generous on-site parking, a dedicated loading dock, and strong utility infrastructure, the asset supports a wide array of future uses. Its strategic location at the border of Hollywood and West Hollywood places it moments from the world-renowned Sunset Strip, surrounded by top national retailers, entertainment destinations, and dense affluent demographics. This offering represents a rare chance to secure a premier, scale-defining corner in a supply-constrained corridor.
HIGH TRAFFIC & DEMOGRAPHICS
-70,000 combined vehicles per day at the intersection
-39,000 VPD on Sunset Blvd
-31,000 VPD on Fairfax Ave
- Dense and affluent daytime & evening demographics. Surrounded by West Hollywood, Hollywood Hills,
and Beverly Grove; Approx. 47k people with AHHI of $140,520 and 254k people with AHHI of
$159,089 within 1 and 3-mile radius, respectively
PARCEL INFORMATION
The property is comprised of two parcels: the northern parcel is located in the city of Los Angeles and the southern
parcel is located in the city of West Hollywood.
- Northern Parcel (City of Los Angeles): Approximately 47,975 SF land, zoned LAC4
- Southern Parcel (City of Los Angeles): Approximately 14,279 SF land, zoned WDR4B
CURRENT TENANCY
The property is comprised of two buildings:
- Retail Box Building 7900 Sunset Blvd: Approximately 20,404 SF Building, with an additional 4,217 SF basement
space (former Rite Aide)
- Street-front Retail Building 7914-7916 Sunset Blvd: Approximately 5,000 SF
-Vacant Retail Unit 7914 Sunset Blvd: Approximately 1,878 SF
- Restaurant Unit 7916 Sunset Blvd: Approximately 3,122 SF (occupied by the Griddle Café, currently on a month-tomonth
lease
Electronic Billboard: Short term lease
DEVELOPMENT OPPORTUNITY
7900 Sunset presents an incredible development opportunity at the major signalized intersection of
Sunset Blvd and Fairfax Ave, directly adjacent to West Hollywood and just blocks from the world famous Sunset Strip.
- Since the property is split between city of Los Angeles (LAC4) and city of West Hollywood (WDR4B), different
zoning parameters apply to each of the parcels. Buyer to review zoning information an verify.
- Market Rate Housing Development
- Per State of California AB1287, a developer is able by-right to obtain a 100% density bonus by providing 30% of the
base apartment units as affordable units
- Based on our calculations utilizing the development incentives of AB1287, a total of approximately 272 units are allowed
at the site (40 units of those are affordable units)
- Affordable Housing Development
- Per State of California AB2334 and City of Los Angeles ED1 housing laws, affordable housing developers are able to
utilize various density and FAR bonuses to maximize the number of affordable apartment units allowed at the site.