8925 W Olympic Blvd | Beverly Hills, CA 90211
Beverly Hills , CA 90211
20 striped stalls on-site (4.35/1,000 SF)
Rare Redevelopment or Lease-Up Opportunity in the Heart of Beverly Hills
Property Type: Covered | Land Value-Add | Redevelopment
Price: $10,495,000 (Building $2,116/SF) (Land $855/SF)
Existing Building: ±4,959 SF, delivered vacant
Parking: 20 striped stalls on-site (4.35/1,000 SF)
Zoning: C-3T-2 with Mixed-Use Overlay (MUOZ)
FAR: 2:1+ (with CUP/discretionary approval)
Lee & Associates – Los Angeles West is pleased to present 8925 W Olympic Blvd, a rare covered land opportunity in the heart of Beverly Hills. Located just south of the Golden Triangle and blocks from the Purple Line Extension, the offering includes a ±4,959 SF vacant retail building on a ±12,281 SF lot, recently improved with over $1.75 million in capital upgrades.
Zoned C-3T-2 within the Mixed-Use Overlay Zone (MUOZ), the site supports multiple high-value exit strategies, including luxury mixed- use residential, medical office with retail, or a structured parking facility—each tailored to the submarket’s strong demand drivers.
For investors, developers, or owner-users, the property offers immediate functionality with long-term upside, combining location, flexibility, and entitlement potential in one of Los Angeles’ most supply-constrained and enduringly valuable investment corridors.
- Affluent Residential Density: Surrounded by high-income single-family neighborhoods, driving demand for medical, retail, and lifestyle services
- Flexible Zoning & Redevelopment Potential: C-3T-2 zoning with Mixed-Use Overlay allows for residential, medical, office, or structured parking by right or with minimal discretionary approvals
- Vacant Delivery: Full control for immediate lease-up, owner occupancy, or entitlement
- $1.75M in Recent CapEx: Upgraded shell ready for interim tenancy or repositioning
- Multiple Exit Strategies: Supports mixed-use residential, medical/retail, creative office, or high-efficiency parking structure
- Transit-Connected: Just blocks from the Metro Purple Line Extension (La Cienega/ Wilshire), enhancing long-term accessibility and value