Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
$2,995,000
This prime West Hollywood 10-unit investment offers a compelling blend of strong in-place cash flow and significant value-add potential in one of Los Angeles's most sought-after multifamily submarkets. The stabilized asset features a healthy 5.65% in-place CAP rate with rents below market, providing a clear runway for up to 44%… Read More rental upside as remaining units are renovated and rents are strategically adjusted. A well-balanced unit mix anchored by eight highly desirable 1+1 units, complemented by one 2+2 and one 2+1supports durable occupancy, broad tenant appeal, and long-term income stability. Completed seismic retrofitting further enhances the investment profile by eliminating a major capital burden and reducing execution risk for new ownership.The property has undergone thoughtful modernization, with select units showcasing open floor plans, stainless steel appliances, in-unit washer/dryers, and contemporary finishes that position the asset at the top of its competitive set. Recent system and energy-efficient upgrades reduce future capital needs while setting the stage for premium rents as additional units are improved. Located in West Hollywood an area defined by exceptional tenant demand, limited new supply, and proximity to Beverly Hills, Hollywood, and Century City the asset benefits from consistently low vacancy and resilient rent growth, making it an attractive opportunity for both income-focused and value-add investors. Read Less
Listing Snapshot
Days Online
35
Last Updated
Beds
12
Square Ft.
8,190
Lot Size
0.15 Acres
Year Built
1960
MLS Number
26643301
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1960, Living area: 8190.0, 1 building, 2 stories, Levels: MultiSplit, Construction Materials: Stucco
Garage
8 spaces
Heating
Central
Income
Gross Income: $255,017, Net Operating Income: $169,224
Lot
0.1508 acres
Parking
8 total parking spaces, Gated
Taxes
Parcel Number: 5530015013, Zoning: WDR3C*
Tenant Pays
Electricity, Gas
Windows
DoublePaneWindows
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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