7916 Santa Monica Blvd West Hollywood, CA 90046

$2,700,000 Sold Price as of 01/14/2016

-- Beds
-- Baths
7,696 Sq.Ft.

Off Market

$2,700,000 Sold Price as of 01/14/2016 Refinance Your Mortgage

Map preview of 7916 Santa Monica Blvd, West Hollywood, CA 90046

Property Overview: 7916 Santa Monica Blvd West Hollywood, CA has -- bedrooms, -- bathrooms, 7,696 living square feet and 6,249 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

7916 Santa Monica Blvd is currently an off market home in the city of West Hollywood. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of West Hollywood has a median list price of $1,285,000. The median price per/sqft for West Hollywood is $943. With those numbers in mind, if you are looking to purchase a median priced home in West Hollywood, CA and put 20% down you will need to save up $257,000 for the down payment and will need roughly $25,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in West Hollywood the commission could be as much as $48,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local West Hollywood Agent

Sale History for 7916 Santa Monica Blvd

Last sold for $2,700,000 on January 14th, 2016

September, 2024
Sep 5, 2024

Date

Expired

CRMLS: 24380821

$3,850,000

Price
Apr 1, 2024

Date

Active

CRMLS: 24380821

$3,850,000

Price
Listing provided courtesy of CRMLS

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.

Continue Reading
January, 2016
Jan 14, 2016

Date

Sold (Public Records)

Public Records

$2,700,000

Price
May, 2008
May 14, 2008

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 7916 Santa Monica Blvd

Assessed Value (2020): $2,922,566

Year	Land Value	Improved Value	Assessed Value
2020	$2,381,350	$541,216	$2,922,566

About 7916 Santa Monica Blvd

Detailed summary of property

7916 Santa Monica Blvd is categorized with a use code of Commercial/Office/Residential (Mixed Use) in West Hollywood, CA 90046 and last sold on January 14, 2016 for $2,700,000. This property has -- bedrooms, -- bathrooms, roughly 7,696 living square feet, and sits on an approximately 6,249 square foot lot. Homes in West Hollywood are selling for a median price of $960,000 and a median price per square foot of $797. Based on Ardent Real Estate Group's West Hollywood Market Data, this home is sold 181.25% higher than the current median priced home. 7916 Santa Monica Blvd was last sold on January 14, 2016 for $2,700,000. Local nearby listings include 740 N Crescent Heights Blvd, 816 N Stanley Ave and 718 N Kilkea Dr. The average home in West Hollywood, CA is selling in 144 days. There are currently 243 homes for sale in the West Hollywood real estate market and 57 of them are single family homes while 172 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 7916 Santa Monica Blvd West Hollywood, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our West Hollywood agents.

Public Facts for 7916 Santa Monica Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1925
Sq. Ft.: 7,696
Lot Size: 6,249
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 5529-009-028

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$2,095,000

Median List Price/Sq.Ft.

$904

Median Sold Price

$1,188,800

Median Sold Price/Sq.Ft.

$773

Total Inventory

278

Median Sale to List Price %

95.1%

Avg Days on Market

Loan Type

Conventional (5.56%), FHA (0%), VA (0%), Cash (8.33%), Other (2.78%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote