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    7366 Beverly Blvd Los Angeles, CA 90036

    Sponsored
    For Lease
    $60 SF/Yr

    West Hollywood Retail Space - 20,486 SF

    Lot size:
    20,486 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional West Hollywood retail property, located at 7366-7386 Beverly Boulevard, offers 20,486 square feet of vacant space, ideal for multiple tenants. The property boasts a prime location on a high-traffic street, surrounded by a diverse mix of restaurants, designer boutiques, fitness studios, art galleries, and more. This is a rare opportunity, as the space has been available for the first time in approximately 30 years. The single-story building features an open floor plan with polished concrete floors, abundant natural light from large windows and skylights, and high ceilings. Additional features include private restrooms, floated walls, and adjustable gimbal recessed spotlighting. Parking is readily available, with up to 30 tandem parking spaces offered free of charge (at a rate of 2 spaces per 1,000 square feet). The minimum divisible space is 1,150 square feet, with a maximum contiguous space of 14,809 square feet. The property is zoned LAC2 and is situated in Los Angeles County, within the West Hollywood submarket, with a cross street of Martel Avenue. The address is 7366-7386 Beverly Boulevard, Los Angeles, CA 90036. This unique property presents a remarkable chance to establish a presence in a vibrant and highly sought-after location.

    Property Features for 7366 Beverly Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,486 SF
    Total Rate
    102430

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    A Cozy Space
    Size
    1,235 SF
    Rate per SF
    $60
    Space
    The Whole Enchilada
    Size
    14,809 SF
    Rate per SF
    $60
    Space
    Alfred Adjacent
    Size
    4,405 SF
    Rate per SF
    $90

    HighLights

    • 20,486 SF of vacant retail space available in West Hollywood.
    • High‑traffic Beverly Boulevard location with abundant nearby amenities.
    • Single‑story building with large windows, high ceilings, polished concrete floors, and private restrooms.
    • Up to 30 free tandem parking spaces (2/1,000 SF).
    • Divisible spaces from 1,150 SF to a maximum contiguous 14,809 SF.
    • LAC2 zoning in a prime West Hollywood location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Modernica Furniture Maker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3509706
    Latitude
    34.0758797

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    FAQs

    What type of property is this?
    Restaurant - West Hollywood Retail Space - 20,486 SF
    Where is this restaurant located?
    The property is located at 7366 Beverly Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $60-$90 SF/Yr.
    What are key features of this property?
    This property features: 20,486 SF of vacant retail space available in West Hollywood.; High-traffic Beverly Boulevard location with abundant nearby amenities.; Single-story building with large windows, high ceilings, polished concrete floors, and private restrooms.
    Request Owner's contact information
    7366 Beverly Blvd Los Angeles, CA 90036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7366 Beverly Blvd Los Angeles, CA 90036
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