8619-8621 Wilshire Blvd - Retail FOR SALE


Beverly Hills, CA 90211
$13,500,000 USD
310-550-2529
8619-8621 Wilshire Blvd, Beverly Hills, CA for Sale
$13,500,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

Sep '25


8619-8621 Wilshire Blvd
Beverly Hills, CA 90211


HIGHLIGHTS

  • Well-located investor or owner-user property with future redevelopment potential
  • Potential for larger assemblage by acquiring the adjoining ±12,774 square foot parcel along Wilshire Blvd. (Different owner.)
  • In-place income
  • NO “Mansion Tax” in City of Beverly Hills
  • Proximate to two future Wilshire Boulevard metro subway portals
  • Site is zoned BHC3 allowing for mixed-use redevelopment

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$1,875 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,801 SF

ZONING

BHC3*

APN/PARCEL ID

4334-014-043,4334-014-044

ASK ABOUT THIS PROPERTY

Kamran PaydarCBRE, Inc.More Info
310-550-2529

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Kamran PaydarCBRE, Inc.More Info
310-550-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.