Asking Price
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Asking Price
NOI Net Operating Income N/A
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Property Description

JLL has been exclusively retained by Ownership to offer the opportunity to acquire 401-409 N. Robertson Blvd., a two-building retail/office portfolio with a bungalow-like feel collectively the “Property”) totaling approximately +8,200 square-feet, located in West Hollywood, CA. The property offers significant upside to investors via potential refurbishment or redevelopment paired with a steady income stream provided by 409 N. Robertson. The buildings are positioned in the center of the West Hollywood Design District, with proximity to the Pacific Design Center and many of the top luxury brands, restaurants, and design houses on the west coast. Located in the highly affluent West Hollywood neighborhood, average home prices surpass $2,770,000 and household income exceeds $130,000. The property offers investors a unique value-add opportunity in the heart of West Hollywood.

Investment Highlights

OWNER USER OPPORTUNITY

401-405 N. Robertson is unoccupied, making the Property the perfect opportunity for a designer, restauranteur, beauty, or fashion brand to plant roots in the premier design hub of the West Coast. The area is a flagship location for numerous high-end brands and design houses. The first floor space was formerly leased to Suit Supply; the second floor was occupied by an architecture firm. Further, this site could serve as a bungalow-style office campus for an owner user, whether that be a designer or production company.


VALUE ADD RETURNS & OPTIONALITY

401-405 N. Robertson is prime for a lease-up, remodel or redevelopment. Further, there is the option to terminate the lease at 409 N. Robertson and redevelop the space as well. C-N1 zoning allows both office and retail use, giving investors the option to choose between full retail, office campus, or mixed-use.


STRONG IN PLACE CASH FLOWS

409 N. Robertson is occupied by Kim Vo Salon, a successful beauty salon that has been in business for over a decade. The business is paying market rents, providing a steady income stream to the future investor for the next eight years. Strong in-place cash flows will alleviate carry costs associated with backfilling or redevelopment.

Last Updated Date: 14 Sep 2021
Tim Kuruzar
Tim Kuruzar
Director, Capital Markets
Bryan Ley
Bryan Ley
Managing Director, Capital Markets
License details
CA-01458927

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Last Updated Date: 14 Sep 2021

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