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.