1010 N Orange Grove Ave - Apartments FOR SALE


West Hollywood, CA 90046
$2,200,000 USD
1010 N Orange Grove Ave, West Hollywood, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/20
null | 4.08% Cap Rate

1010 N Orange Grove Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Rare generational asset located in one of West Hollywood’s most desirable rental submarkets!
  • The property offers significant rental upside with in-place rents below market in a premier West Hollywood location.
  • Walkable to both the iconic Sunset Strip and Melrose Avenue, providing tenants with immediate access to premier dining, shopping, and entertainment!
  • Attracts high-earning professionals working in nearby job hubs like Beverly Hills and Hollywood.
  • Located in a high-demand rental market! West Hollywood offers premium rents, low vacancy, and limited supply — ensuring long-term investor stability.
  • Strict development controls protect property values and reduce competition from new inventory.

OVERVIEW

1010 N Orange Grove Ave is a rare 8-unit offering in the heart of West Hollywood, one of LA’s most in-demand rental markets. With below-market rents and a solid mix of (7) 1-bed/1-bath units and (1) 2-bed/1.5-bath unit, the property offers great upside potential. It appeals to an economically stable renter base working in nearby areas like Hollywood and Beverly Hills. The building has seen recent updates, including interior renovations and exterior improvements, cutting down on maintenance and boosting curb appeal. Just steps from the Sunset Strip and Melrose Ave, tenants enjoy walkable access to some of LA’s best dining, shopping, and nightlife—making this a strong long-term investment opportunity.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

4.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,519 SF

ZONING

WDR3C

APN/PARCEL ID

5530-013-016

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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