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
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
12
Square Ft.
8,190
Lot Size
0.15 Acres
Year Built
1960
MLS Number
26643301
30 Days Snapshot Of 90046
$1.85M
-8%
(avg) sold price
12
-33%
homes sold
81
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Washer, Dryer, Dishwasher, Hood Fan
Building
8,190 sq ft, Built in 1960, Levels: Multi/Split
Cooling
Wall Unit(s)
Disclosures
None
Exterior Features
Stucco
Garage
8 total garage spaces, Gated
Heating
Central
Laundry
In Unit, Laundry Area
Lot
LotAcreage: 0.1508, LotSizeArea: 6,567
Parking
TotalParking: 8
Property
NumberOfUnits: 10, Zoning: WDR3C*
Roof
Flat
Utilities
Central Water Heater
Windows
Double Pane Windows
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