FIND THE BEST SHOPPING CENTER FOR YOUR 1031-EXCHANGE

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Description

Shopping Center in Beverly Hills

Beverly Hills Plaza 8950 W Olympic Blvd Beverly Hills, CA 90211 30,056 SF 30% Leased Retail Building For Sale

INVESTMENT HIGHLIGHTS Shopping Center

Trophy Location Shopping Center – Coveted Beverly Hills address with rare corner frontage and street visibility
Immediate Upside – Delivered approximately 70% vacant with strong lease-up and repositioning potential
Corner Lot Prominence – Full block-to-block exposure at Olympic & La Peer with ±275 feet of frontage
Transit-Adjacent – Minutes from Purple Line Extension (2028) at Beverly & Wilshire

Flexible Zoning – C-3T-2 Retail, Office of Medical use permitted by-right on the second floor
ULA-Exempt – Located outside the City of Los Angeles, exempt from Measure ULA

EXECUTIVE SUMMARY

8950 W Olympic Blvd, a ±30,056 square foot, two-story multi-tenant retail building prominently positioned just south of the Beverly Hills Golden Triangle.
Constructed in 1988, the Property is situated on a ±30,566 square foot (0.70-acre) corner lot with ±275 feet of Olympic Boulevard frontage at La Peer Drive. 8950 W Olympic Blvd features flexible configurations across 25 suites for retail, showroom, office, or medical uses (permitted by right on the second floor), 91 gated parking stalls (3.03/1,000 SF), and multiple ingress/egress points, offering unparrelled visibility and accessibility in one of the most supply-constrained submarkets in the country.
Delivered approximately 70% vacant and exempt from Measure ULA, the Property presents a rare opportunity for investors or owner-users to create immediate value through lease-up and repositioning, while benefiting from long-term appreciation driven by surrounding redevelopment and infrastructure expansion.
Portfolio Opportunity:
This property may be acquired individually or as part of a five-building assemblage along the coveted Olympic Boulevard corridor in Beverly Hills:
8844 W Olympic Blvd – ±5,864 SF building | ±11,997 SF lot | 27 parking stalls
9018–9020 W Olympic Blvd – ±5,000 SF building | ±6,000 SF lot | 6 parking stalls
9024 W Olympic Blvd – ±6,058 SF building | ±6,283 SF lot | 12 parking stalls
8925 W Olympic Blvd – ±4,959 SF building | ±12,281 SF lot | 20 parking stalls
8950 W Olympic Blvd (Beverly Hills Plaza) – ±30,056 SF building | ±30,566 SF lot | 91 parking stalls
Total Opportunity:
Total Building SF: ±52,937 SF
Total Land SF: ±61,130 SF (±1.40 acres)
Total Parking: 156 stalls
Lee & Associates – Los Angeles West Inc.

SHOPPING CENTER
PROPERTY FACTS
Sale Type Investment or Owner User
Property Type Retail
Property Subtype Storefront Retail/Office
Building Size 30,056 SF
Building Class C
Year Built 1988
Percent Leased 30%
Tenancy Multiple

Building FAR 0.98
Lot Size 0.70 AC
91 Spaces (3.03 Spaces per 1,000 SF Leased)
Frontage 275’ on W Olympic Blvd
Zoning C-3T-2 – Retail, showroom, office.
Medical uses permitted by right on the second floor only.
Parking
Building Height 2 Stories

PROPERTY TAXES