Multi-Level Retail
For Sale
Contact for pricing
7906-7914 Santa Monica Blvd, West Hollywood, CA 90046
Multi-level retail building with direct parking access from all floors via rear alley access
Property Size18,000 SF
Price / SF$383.33
Days on Market221
Property Features for 7906-7914 Santa Monica Blvd
General Information
Standard status
Active
Size
18,000 SF
Property subtype
RETAIL
Additional Details
Frontage
75 ft
Listing Agency:
Lee & Associates
(323) 720-8484
Listed By:
Armen Kazaryan · License #01291719
(323) 767-2041
Source:
Moodyscre
Added: Feb 6
Changed: Sep 4
Last Checked: Sep 14 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates
Investment Insights
Based on property information with market context.
This multi-level retail building offers direct access to parking from all floors, supporting tenant operations and customer convenience. The property includes rear access through an alley, with parking connectivity designed to serve every level.
The building has 75' of frontage on Santa Monica Blvd in the rear, with access provided via alley entry. With approximately 18,000 square feet of space, the layout is positioned to accommodate multiple retail configurations across its levels.
Retail users can benefit from having convenient parking access distributed throughout the building, along with frontage exposure along Santa Monica Blvd at the rear of the site.
The building has 75' of frontage on Santa Monica Blvd in the rear, with access provided via alley entry. With approximately 18,000 square feet of space, the layout is positioned to accommodate multiple retail configurations across its levels.
Retail users can benefit from having convenient parking access distributed throughout the building, along with frontage exposure along Santa Monica Blvd at the rear of the site.
Key Highlights
- Direct access to parking from all floors
- 75' rear frontage on Santa Monica Blvd via alley access
- Multi‑level retail building with rear alley connectivity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$398,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,964,860
$8.0M
Cap Rate 7%
$5,689,186
$5.7M
Cap Rate 9%
$4,424,922
$4.4M
Market Conditions
NOI Build-Up for 18,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$609.1K $33.84/SF
− Vacancy
−$40.2K −$2.23/SF
EGI
$568.9K $31.61/SF
− OpEx
−$170.7K −$9.48/SF
NOI
$398.2K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,964,860
Cap Rate 7%
$5,689,186
Cap Rate 9%
$4,424,922
Alternative Uses
Best Use
Retail
$5.69M
$4.98M – $6.64M
NOI $398,243 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.64M
$8.43M – $11.24M
NOI $674,599 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-level retail building with direct parking access from all floors via rear alley access
Where is this retail space located?
The property is located at 7906-7914 Santa Monica Blvd West Hollywood, CA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Direct access to parking from all floors; 75' rear frontage on Santa Monica Blvd via alley access; Multi‑level retail building with rear alley connectivity
