Lee & Associates – Los Angeles West Inc., as exclusive advisor, is pleased to present the exceptional opportunity to acquire 8950 W Olympic Blvd (the “Property”), a ±30,056 square foot, two-story multi-tenant retail building prominently positioned in one the world's most coveted enclaves 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. The Property features flexible configurations across 25 units 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.
Trophy Location: Coveted Beverly Hills address with rare corner frontage and street visibility
Flexible Zoning: C-3T-2 Retail, Office, Showroom, or Medical use permitted by-right on the second floor
Immediate Upside: Delivered ~70% vacant with strong lease-up and repositioning potential
ULA-Exempt: Located outside of the City of Los Angeles, exempt from Measure ULA
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