$1,865,000
About this home
Available for an attractive 6.17% CAP Rate and 11.27 GRM, a new investor can benefit both from the property's strong immediate cash flow and from its substantial rent upside. With multiple apartments in the building already achieving rents of $3,000 per month, eventually bringing the remaining units to that rent level represents a potential 45% increase in revenue. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, these semi-private one-bedroom bungalows are extremely attractive to this demographic, helping to boost both demand and rental rates. The property has earned a Walk Score of 93, which qualifies the immediate neighborhood as a "Walker's Paradise." Residents enjoy convenient access to the nearby Whole Foods Market, Trader Joe's, and Plummer Park. Within a short driving distance are The Grove, Beverly Hills, the Sunset Strip, Runyan Canyon, and numerous other destinations in both the Hollywood and West Hollywood areas.
Facts & features
- Bedrooms
- 6
- Bathrooms
- 0 full, 0 half
- Living area
- 2,665 sq ft
- Levels
- One
- Lot size
- 0.141 acres (6,120 sq ft)
- Year built
- 1924
- Parking
- Assigned
- Parking spaces
- 5
- Area
- C 10 - West Hollywood Vicinity
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 178
- Listed
- 2026-01-14
- Parcel #
- 5530010011
- MLS #
- 26637909
