Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8733 Beverly Blvd West Hollywood, CA 90048-1827

    • Office buildings
    • 19,536 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    $11,600,000
    Value Estimations
    $11,600,000
    Show details
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence
    Property ID
    US09-7789079
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 8733 Beverly Blvd

    Year built
    1960
    Construction
    TILT-UP CONCRETE
    Lot size
    0.27 lot acres
    Property size
    19,536 SF
    Zone code
    WDC2A*
    Property type
    Office buildings
    APN
    4336-001-033
    APU
    4336001033

    Description

    This exceptional medical office building, located at 8733 Beverly Boulevard in West Hollywood, California, offers 4,363 square feet of completely vacant, modern space for lease. The property is ideally situated in Los Angeles County, zip code 90048, and boasts a highly desirable location directly across from Cedars-Sinai Hospital, ensuring excellent visibility and accessibility for patients and staff. The building features multiple tenancy options, with spaces ranging from a minimum of 1,141 square feet to a maximum contiguous space of 1,701 square feet, providing flexibility for various medical practices. Three individual suites are currently available. Convenient valet parking is provided for patients and staff. The building is equipped with elevators for easy access to all floors. This is a rare opportunity to secure prime medical office space in a highly sought-after location with unparalleled convenience and visibility. The property type is classified as Office, with a Subtype of Medical Office. Interested parties should inquire about lease terms and availability. The building's address is 8733 Beverly Blvd, West Hollywood, CA 90048.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,600,000
      ML approach
      $11,600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,245,000
      6.5%
      $7,610,000
      7%
      $7,065,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $9,805,000
      Current use
      RESTAURANT
      $16,070,000
      Change: +64% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $10,620,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $8,900,000
      Change: -9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $8,275,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.382
    Latitude
    34.0772
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,991
    $410,026
    $822,444
    $1,232,470
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,935,000
      26,867 SF

      6226 Wilshire Blvd

      OFFICE BUILDING • 26,867 SF
      6226 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation
      $675,000
      3,624 SF

      8362 3rd St

      OFFICE BUILDING • 3,624 SF
      8362 3rd St, Los Angeles, CA 90048-4311
      View Details
    • Value Estimation
      $640,000
      1,614 SF

      488 San Vicente Blvd

      PROFESSIONAL BUILDING • 1,614 SF
      488 San Vicente Blvd, Los Angeles, CA 90048-4107
      View Details
    • Value Estimation
      $840,000
      4,107 SF

      520 San Vicente Blvd

      PROFESSIONAL BUILDING • 4,107 SF
      520 San Vicente Blvd, Los Angeles, CA 90048-4616
      View Details
    • Value Estimation
      $24,365,000
      73,361 SF

      480 Robertson Blvd

      OFFICE BUILDING (MULTI-STORY) • 73,361 SF
      480 Robertson Blvd, Los Angeles, CA 90048
      View Details
    • Value Estimation
      $1,765,000
      10,172 SF

      8935 Beverly Blvd

      OFFICE BUILDING • 10,172 SF
      8935 Beverly Blvd, West Hollywood, CA 90048-2420
      View Details

    Similar Nearby for Sale

    • $16,500,000
      13,195 SF

      Robertson Blvd Mixed-Use Gem

      Prime LA Design District; Owner-User Opportunity
      141-147 Robertson Blvd, Los Angeles, CA 90048
      View Details
    • $14,500,000
      22,568 SF

      West Hollywood Medical Office Building

      Prime Miracle Mile location, 22,568 SF, 100% occupied.
      955 Carrillo Dr, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      114,237 SF

      Miracle Mile Medical Condos

      Class A Medical Office Suites, Los Angeles
      6200 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • $1,649,000

      Land in Desirable LA Neighborhood

      Land near dining, shopping, studios, Beverly Hills, West Hollywood.
      340 N Edinburgh Ave, Los Angeles, CA 90048
      View Details
    • $995,000

      West Hollywood Condo with Modern Amenities

      Well-maintained 2 bed, 2 bath condo in prime location.
      146 S Clark Dr, West Hollywood, CA 90048
      View Details
    • $16,495,000

      West Hollywood Property for Sale

      West Hollywood property available for sale.
      137 N Doheny Dr, West Hollywood, CA 90048
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      West Hollywood Executive Office Space

      Prime West 3rd Street location, 2,300 sq ft, renovated.
      8218 3Rd St, Los Angeles, CA 90048
      View Details
    • $53 SF/Yr
      2,100 SF

      West 3rd Street Creative Office Space

      Prime Retail, 2100 sq ft, Turn-Key
      7928 3Rd St, Los Angeles, CA 90048
      View Details
    • Contact for pricing
      19,330 SF

      Wilshire Blvd Retail Center

      Retail/Restaurant/Medical spaces available in renovated Wilshire Blvd retail center.
      6230 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    • $3 SF/Yr
      1,600 SF

      Beverly Blvd Office Space

      Second floor office space available for rent.
      8322 Beverly Blvd, Los Angeles, CA 90048
      View Details
    • $3 SF/Yr
      2,050 SF

      Creative Office Space For Rent

      Creative office space with great amenities, near Culver City.
      2712 S La Cienega Blvd, Los Angeles, CA 90048
      View Details
    • $44 SF/Yr
      88,193 SF

      Prestigious Wilshire Blvd Office Space

      Executive Suites, Los Angeles, CA
      6222 Wilshire Blvd, Los Angeles, CA 90048
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8733 Beverly Blvd
    West Hollywood, CA 90048-1827
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.