The vacant office building located at 825 N. San Vicente Boulevard in West Hollywood, has sold to a Los Angeles investor. Built in 1984, and renovated in 2014, the building was most recently home to Planned Parenthood from 2016 – 2020.
Real Estate Agency, Avison Young, posted a banner on the building stating the full building was available. The listing states that the property was for sale for the first time from the family builder and owner, and that the sale represents a rare opportunity to acquire an irreplaceable 28,512 sf, three story, boutique office building in West Hollywood. The parking lot, which accommodate 135 vehicles.
“Ideally located in the heart of one of the most desirable, vibrant markets in Southern California, 825 N San Vicente offers prized elements including fabulous views, expansive balconies, over market parking and immediate proximity to the full range of West Hollywood’s famed restaurants, cutting edge retail, premier class A office properties, world class hotels and exclusive membership clubs,” reads the listing.
The property is to be delivered vacant. “This asset, satisfies West Hollywood’s parking and zoning requirements for office, medical, co-working, as a health club, as well as a range of hospitality uses including boutique hotel and restaurant. With its outstanding position, presence and visibility, 825 N San Vicente offers a unique and highly valuable branding opportunity. Whether utilized in its current condition for medical or creative office, or as a canvass for repositioning, all of the textbook elements including best location, tremendous visibility, modern, well-constructed improvements, best in market parking and excellent access from two streets, all of the essential elements are in place to support both meaningful short term value creation as well as enduring value appreciation over the long term.
There no details on the buyer or what the plans are for the building at the moment. According to reports, the vacant office building sold despite a slowdown in demand for office real estate due to the popularity of working from home.