7990 Santa Monica Boulevard Retail
  • Cap Rate
    5.38%Cap Rate
  • Asking Price
    $8.2MAsking Price
  • Occupancy
    100%Occupancy
  • NOI
    $441KNOI
  • Gross Leasable Area
    2K - 5K SFGross Leasable Area
  • Price/SF
    $1,238.30Price/SF

Description

7990 & 7998 Santa Monica Boulevard present a rare, 100-percent leased investment opportunity in the heart of West Hollywood’s premier retail corridor. Comprised of two adjoining brick-and-mortar assets totaling 6,622 square feet, the offering at $8,200,000 delivers a projected net operating income of $440,994, reflecting a 5.38 percent cap rate. Anchored by NNN leases with established specialty food and beverage, boutique retail and media operators, this property generates immediate, stable cash flow and an attractive long-term hold profile.

Building 7990, constructed in 1950, features 1,740 square feet of prime street-front retail space currently occupied by a specialty dessert purveyor. Next door, the 4,882-square-foot multi-tenant building at 7998 Santa Monica Boulevard, built in 1955, offers diverse in-place income streams from restaurant, retail and media tenants under staggered expirations. Both structures boast prominent frontage, exceptional visibility to high daily traffic counts and premium signage opportunities along Santa Monica Boulevard.

Positioned at the coveted corner of Santa Monica Boulevard and North Laurel Avenue, this asset benefits from West Hollywood’s dynamic retail environment—just minutes from The Grove, Beverly Hills and the Sunset Strip. Supported by strong pedestrian demographics, robust consumer spending and limited adjacent supply, 7990 & 7998 Santa Monica Boulevard provide a compelling gateway to Southern California’s most sought-after retail submarket.

Offering Summary

  • Asking Price
    $8,200,000
  • Price PSF
    $1,238.30
  • Property Type
    Retail
  • Size
    6,622 SF
  • Occupancy
    100%
  • Properties
    2
  • Built
    1950–1955
  • Total Acres
    ~0.22 ac

Sale Details

  • Cap Rate
    5.38%
  • NOI
    $440,994

Documents

Property Address

7990 Santa Monica Boulevard
West Hollywood, CA 90046-5109
7998 Santa Monica Boulevard
West Hollywood, CA 90046-5109

Property Details

  • Square Feet
    1,740 SF
  • Property Type
    Retail
  • Gross Leasable Area
    1,740 SF
  • Occupancy
    100%
  • Year Built
    1950
  • APN
    5529-015-028

Deal Team

Tc Macker profile image

Tc Macker

President
WESTMAC Commercial Brokerage Company