1218 Poinsettia Dr - Apartments FOR SALE


West Hollywood, CA 90046
$1,095,000 USD
310-666-5837
1218 Poinsettia Dr, West Hollywood, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/14
null | 2.25% Cap Rate

1218 Poinsettia Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • West Hollywood location
  • Approximately 1,782 square feet of rentable area situated on a 5,853 square foot lot
  • Unit mix consisting of (2) one-bedroom/one-bath units
  • Convenient connectivity to major employment hubs, including Beverly Hills, Hollywood, and Downtown Los Angeles
  • Excellent freeway access to the US-101 and I-10, allowing efficient connectivity to Hollywood, Beverly Hills, Downtown Los Angeles, and key Westside

OVERVIEW

The Sterman Multifamily Group of Marcus & Millichap and The Kamara Multifamily Group of Lyon Stahl are pleased to present 1216–1218 Poinsettia Drive, a two-unit apartment property located in the highly sought-after West Hollywood submarket. Constructed in 1923, the property is situated on an approximately 5,853 square foot lot and offers roughly 1,782 square feet of rentable space. The unit mix consists of two (2) one-bedroom/one-bath units, providing an efficient layout that caters to strong renter demand in this premier location. 1216–1218 Poinsettia Drive benefits from its prime positioning within West Hollywood, offering immediate access to some of the area’s most notable dining, retail, and entertainment destinations. The property is conveniently located near major thoroughfares, providing connectivity to Beverly Hills, Hollywood, and the greater Los Angeles region. The surrounding neighborhood continues to attract consistent tenant demand due to its walkability, vibrant lifestyle amenities, and proximity to key employment hubs. The property presents a compelling opportunity for investors seeking a boutique, well-located multifamily asset in one of Los Angeles’ most desirable rental markets. With its classic architecture, irreplaceable location, and strong long-term fundamentals, 1216–1218 Poinsettia Drive offers both stability and upside potential in a high-barrier-to-entry submarket.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

2

PRICE/UNIT

$547,500

CAP RATE

2.25%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1216–1218 Poinsettia Drive

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,821 SF

ZONING

WDR1B

APN/PARCEL ID

5531-006-015

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.