9441 West Olympic Boulevard

  • For Sale $19,500,000
  • Beverly Hills, CA 90212
  • Office | ±27,495 SF
9441 Olympic Main Photo

Description

WESTMAC Commercial Brokerage Company is thrilled to present the opportunity to acquire 9441 W Olympic Boulevard, an owner-user or development opportunity in Beverly Hills, on the corner of S Beverly and W Olympic, a half mile from the Golden Triangle.

The subject property is comprised of ±27,495 square feet of building on ±14,739 square feet of Beverly Hills zoned C3 land. The building is three (3) stories with multiple office spaces and conference rooms, in addition to a top-floor patio. The first floor is equipped with open-air office space, as well as private offices and a kitchen. The second floor mezzanine is open to the first floor on one side, and includes more offices and an additional kitchen. There are four (4) parking spaces plus one handicap behind the building, and there is a covenant with the next door lot at 350 S Beverly that includes sixty (60) spaces. An owner-user could occupy the entire space, or lease a portion for an additional income.

The location of this property is excellent—within five minutes of Beverly Hills’ Golden Triangle and Westfield Century City Mall. Multiple restaurants are within walking distance, including Urth Caffe, Factor’s Deli, Chipotle, California Pizza Kitchen, Cafe Istanbul, and South Beverly Grill. Pavilions Market is located across the street.

Beverly Hills is a world-famous, highly affluent neighborhood known for its high-end restaurants and luxury shopping. The epicenter of shopping in Beverly Hills is Rodeo Drive, a four-minute drive or 16-minute walk from the subject property. Within a 1-mile radius of 9441 W Olympic, the average income is $141,776 and the median home value is $1,003,425.

The subject property has excellent visibility given its prime location on a signalized intersection of two major thoroughfares that sees a traffic volume of over 50,000 cars per day. An owner-user can take advantage of the perfect opportunity for signage and make their mark in the heart of Beverly Hills.

Builder’s Remedy plans have been submitted and approved for a 12-story mixed use building with 63 residential units (13 low income units), ground floor retail, and three levels of subterranean parking for 52 spaces. This is a rare opportunity to develop in the highly coveted neighborhood of Beverly Hills.

Property website: www.9441WOlympic.com

Details

  • Offer For Sale
  • Property Type Office
  • Building Size 27,495 SF
  • Land Size 14,739 SF
  • Year Built 1989
  • Year Renovated 2012
  • Zoning BHC3*
  • Stories Three [3]
  • Tenancy Multi
  • Parking 64 spaces; 4 behind building and 60 at 350 S Beverly
  • Frontage 114.75’ along W Olympic; 108’ along S Beverly
  • Walk Score 94

Highlights

  • OWNER-USER OPPORTUNITY
  • 6-WAY SIGNALIZED CORNER
  • DEVELOPMENT OPPORTUNITY
  • BEVERLY HILLS LOCATION
  • DENSE RESIDENTIAL AREA & AFFLUENT DEMOGRAPHICS
  • PURPLE LINE EXPANSION
  • AREA AMENITIES

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Address

9441 W Olympic Boulevard
Beverly Hills, CA 90212
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