Contacts
David Weinberger
The Seymour | Weinberger Group
Megan Husri
The Seymour | Weinberger Group
Phil Seymour
The Seymour | Weinberger Group
Property Details
- Property Type Retail
- Units 5
- Additional Rent Contact for pricing
- Year Built 1948
- Date Updated Sep 5, 2024
- Website wilshire.sharplaunch.com
The offering presents a rare opportunity to acquire 8619-8621 Wilshire Blvd. - An iconic two-story retail building, constructed in 1948, in the heart of the highly coveted Beverly Hills. The property offers five suites, totaling 7,200 SF, with 6,750 SF of RBA and 14 parking spaces on an expansive 11,581 SF lot spanning two parcels.
The offering presents investors and developers the opportunity to acquire one of the few development opportunities available for sale in Beverly Hills. The BHC3 zoned site presents a multitude of possibilities for the new owner, including the potential to develop up to 42 residential units (utilizing a 100% density bonus) along with a ground level commercial component. Providing the option to operate as an owner/user or investor, or the ability to make strategic improvements to capitalize on the premium rental rates synonymous with Beverly Hills.
Alternatively, the property may qualify for the City of Beverly Hills Medical Conversion Use Ordinance 22-0-2864, providing tremendous value to any medical professionals, including doctors and dentists.
Surrounded by a vibrant mix of commercial properties, single-family residences, restaurants, retail establishments, and medical offices, this location benefits from the robust infrastructure and high-earning residents that support businesses and new developments in Beverly Hills.
Call David for more information - 818.970.0915.
The property is to be sold "AS IS" "WHERE IS" with all faults known and unknown with absolutely no representations or warranties expressed or implied by Seller to Buyer. Buyer to verify with appropriate entities and satisfy self. Sale is subject to Court Confirmation and may be subject to overbid.
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Highlights
- Rare development opportunity in the heart of Beverly Hills
- BHC3 zoned site with potential to develop up to 42 residential units (utilizing a 100% density bonus) and ground level commercial space
- Property may qualify for the City of Beverly Hills Medical Conversion Use Ordinance 22-0-2864, providing value to medical professionals
- Ability to operate as an owner-user, investor, or make strategic improvements to capitalize on premium rental rates
- High-end office interiors and 100% HVAC throughout
- Situated on an expansive 11,581 SF lot spanning two parcels
Attachments
Getting around
-
92/100
Walk Score ®
-
65/100
Transit Score ®
-
74/100
Bike Score ®
Location
- City Beverly Hills, CA
- Neighborhood La Cienega Park
- Zip Code 90211
- Market Los Angeles
Points of Interest
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Farmer's Market
1.17 miles
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Culver City
2.71 miles
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Palms
2.93 miles
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Westwood/Rancho Park
3.31 miles
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Vermont/Beverly
5.04 miles
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Wilshire/Vermont
5.07 miles
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Universal City/Studio City
5.15 miles
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Vermont/Santa Monica South Entrance
5.23 miles
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Vermont/Santa Monica North Entrance
5.26 miles
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Vermont/Sunset Entrance
5.48 miles
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Sinclair
0.51 miles
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Shell
0.53 miles
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Arco
0.55 miles
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Shell
0.91 miles
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Chevron
0.96 miles
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76
0.96 miles
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Shell
1.01 miles
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Mobil
1.03 miles
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Mobil
1.20 miles
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Shell
1.20 miles
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Farmers Market
1.14 miles
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Palm Lot
1.41 miles
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SM-1
1.48 miles
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SM-2
1.53 miles
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Trader Joe's Parking
1.53 miles
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SM-3
1.58 miles
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SM-4
1.63 miles
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SM-5
1.68 miles
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West Hollywood Parking
1.75 miles
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Sunset Lot
1.77 miles
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Bombay Palace
0.13 miles
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Stinking Rose
0.14 miles
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O So Juicy
0.17 miles
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Matsuhisa
0.20 miles
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Subway
0.21 miles
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Fogo de Chão
0.22 miles
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Summer Fish & Rice
0.29 miles
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The Bazaar by José Andrés
0.29 miles
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Sushi by H
0.32 miles
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Subway
0.50 miles
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Bloomingdale's
0.54 miles
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Ross
0.56 miles
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Saks Off 5th
0.58 miles
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Beverly Center
0.61 miles
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Target
0.64 miles
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Macy's
0.67 miles
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Livonia Glatt Market
0.88 miles
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Ralphs
0.93 miles
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Bristol Farms
0.98 miles
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Trader Joe's
1.06 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.