Beverly Hills, CA 90211
91 gated spaces
Lee & Associates – Los Angeles West, Inc., as exclusive advisor, is pleased to present a rare opportunity to acquire a trophy retail asset in the heart of Beverly Hills. The ±30,056 RSF, two-story building comprises 25 suites with flexible configurations for retail, showroom, office, and medical uses (permitted by-right on the second floor).
Features include 91 gated surface and subterranean parking spaces (3.03:1,000 ratio), ±275 feet of Olympic Boulevard frontage, dual exposure at La Peer Drive, elevator service, ADA compliance, and multiple ingress and egress points, including rear alley access.
Delivered approximately 70% vacant, the asset offers immediate lease-up potential and repositioning upside for investors or users alike. Positioned along the evolving Olympic corridor, just south of the Golden Triangle, it is surrounded by world-class retail, hospitality, healthcare, and cultural amenities—benefiting from significant mixed-use and multifamily development reshaping the surrounding landscape in one of Los Angeles’ most coveted submarkets.
Address: 8950 Olympic Boulevard, Beverly Hills, CA 90211
Building Size: ±30,056 RSF across 25 units
Lot Size: ±30,566 SF | 0.70 Acres
Year Built: 1988
APN: 4332-009-038
Construction: Two-story wood/steel frame with slab-on-grade foundation
Parking: 91 gated spaces (3.03/1,000 SF) - surface & garage
Frontage: ±275 feet along Olympic Boulevard
- Trophy Location - Coveted Beverly Hills address with rare corner frontage and street visibility
- Flexible Zoning - C-3T-2 Retail, Office of 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 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