Mixed-Use Property with
New
For Sale
$2,995,000
7916 Santa Monica Blvd, West Hollywood, CA 90046
Six studio apartments complement three retail spaces in a mixed-use configuration.
Property Size7,696 SF
Lot Size0.14 Acres
Days on Market6
Property Features for 7916 Santa Monica Blvd
General Information
Standard status
Active
Size
7,696 SF
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Zoning
WDC2A
Units
Unit Mix
6 x studio
Multifamily Units
6
Building Details
Building Size
7,696 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Jordan Asheghian · License #01886605
Source:
Milsteinestates
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 7 at 6:19PM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 7,696-square-foot mixed-use property contains three retail spaces and six studio apartments. The apartment units have individual water heaters, with gas and electric service separately metered for each unit. The property was built in 1925 and occupies a 6,250-square-foot lot zoned WDC2A.
The address is 7916 Santa Monica Blvd in West Hollywood.
The address is 7916 Santa Monica Blvd in West Hollywood.
Key Highlights
- Three retail spaces and six studio apartments
- 7,696 square feet on a 6,250‑square‑foot lot
- WDC2A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,271
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,405,420
$3.4M
Cap Rate 7%
$2,432,443
$2.4M
Cap Rate 9%
$1,891,900
$1.9M
Market Conditions
NOI Build-Up for 7,696 SF
Gross rent
$260.4K $33.84/SF
− Vacancy
−$17.2K −$2.23/SF
EGI
$243.2K $31.61/SF
− OpEx
−$73.0K −$9.48/SF
NOI
$170.3K $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 Rate 5%
$3,405,420
Cap Rate 7%
$2,432,443
Cap Rate 9%
$1,891,900
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,271 @ 7.0% cap · market cap 5.69%
Second Best
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $155,844 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,429 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six studio apartments complement three retail spaces in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 7916 Santa Monica Blvd West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Three retail spaces and six studio apartments; 7,696 square feet on a 6,250‑square‑foot lot; WDC2A zoning
