This is a mixed-use retail and residential investment opportunity in an irreplaceable West Hollywood location at 7916 Santa Monica Blvd, located just off of N Fairfax Ave that is surrounded by high-end amenities in a premier submarket.The subject property features three retail spaces on the ground floor of the building (approximately 1,250- 1,300 SF each) and six spacious single residential units on the top floor (approximately 650 SF) with five parking spaces at the rear of the property. The building is 100% occupied, providing consistent cash flow to an investor; short-term retail leases provides flexibility in the lease-up strategy; current tenants include a wellness center, art studio, and vacuum and sewing business. Substantial rental upside of over 102% in the residential rents, achievable over time with interior renovations as units turn. Close proximity to desirable amenities such as the Whole Foods on Santa Monica Blvd & Fairfax Ave, Delilah Los Angeles, Ysabel, and Laurel Hardware, among others. Incredible walk score of 97; four metro local line bus stops are located on the corner of Santa Monica Blvd & Fairfax Ave. Dense, infill location with a population of over 826,000 in a five-mile radius, retail tenants benefit from the foot traffic along Santa Monica Blvd as well as the traffic volume of over 45,000 vehicles per day. Opportunity to acquire a generational location with a diversified stream of income with retail and residential; the city of West Hollywood remains one of the most coveted submarkets for both asset classes.
Property Details
Property Features
Property Information:
Year Built: 1925
Stories: 3
Living Area: 7,696 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Parking Information:
Parking: One Space
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: None
Cooling: None
School Info
Assigned Schools Information:
Fairfax Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Laurel Elementary School, Public District Grades KG-8
Studio, Public District Grades 6-8
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Located south west corner of N Fairfax Ave and Santa Monica Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $3,850,000
Price Per SqFt: $500/SqFt
Tax Information:
Annual Amount: $37,540
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in West Hollywood, CA.
This property is $2.7M more than the Median Sold Price and $359/SqFt less than other homes in West Hollywood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24380821
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 9:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$37,540
$2,952,842
2020
$36,352
$2,922,566
2019
$36,002
$2,865,261
2018
$35,249
$2,809,080
2017
$35,249
$2,754,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.05 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.50 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school26.33 miles
Public Magnet Grades KG-5
Middle School
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.22 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school7.25 miles
Public District Grades 6-8
High School
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.51 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school9.35 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.60 miles
Public Magnet Grades 9-12
Assigned Schools
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.05 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school17.50 miles
Public Magnet Grades 1-5
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school26.33 miles
Public Magnet Grades KG-5
Assigned Schools
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school0.22 miles
Public District Grades KG-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school7.25 miles
Public District Grades 6-8
Nearby Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.42 miles
Public Magnet Grades 6-8
Assigned Schools
4
/10
Fairfax Senior High School
7850 Melrose Ave
Distance between this listing and this school0.51 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school9.35 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.60 miles
The neighbors living near this home have an average income of $45,962. The majority of West Hollywood, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7916 Santa Monica Blvd
What is the listing price of this property?
The listing price of 7916 Santa Monica Blvd property is $3,850,000.
What type of property is this?
The property 7916 Santa Monica Blvd is a house located in West Hollywood, California, 90046.
Is this property for sale now?
Active Listing: 7916 Santa Monica Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 7916 Santa Monica Blvd are: Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Laurel Elementary School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Fairfax Senior High School: GreatSchools Rating 4/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $37,540 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 7916 Santa Monica Blvd has 9 bathrooms..
What is the square footage of this property?
The property 7916 Santa Monica Blvd is 7,696 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7916 Santa Monica Blvd is 1925.
Interested in 7916 Santa Monica Blvd? Let's connect.
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This home is located at 7916 Santa Monica Blvd in West Hollywood, CA and zip code 90046 in the Central LA neighborhood. This 7,696 square foot home, which was built in 1925, sits on a 0.14 acre lot. Features: 9 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $3,850,000.
Over 12 listings were sold over their listed price in April 2024 in West Hollywood, CA. In the same period over 14 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in West Hollywood, CA between March 2024 and April 2024 increased by 19.2%. While the average time on the market in April 2024 was 33 days, the median list price was $1,147,500.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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