707-815-7472
833 N Poinsettia Pl, Los Angeles, CA for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

833 N Poinsettia Pl
Los Angeles, CA 90046
Melrose


HIGHLIGHTS

  • PRIME WEST HOLLYWOOD ADJACENT LOCATION
  • WALKING DISTANCE TO WORLD-CLASS RETAIL AND DINING
  • PROXIMITY TO MAJOR EMPLOYMENT HUBS
  • 58% RENTAL UPSIDE
  • (4) 1-BEDROOM - 1-BATHROOM
  • SIX (6) ON-SITE PARKING SPOTS FOR TENANTS

OVERVIEW

The Boyett Team at CBRE is pleased to present a very rare opportunity to acquire 833 N Poinsettia Pl, a West Hollywood-adjacent 4-Unit multifamily building. Available for the first time since 1988, the property is ideally situated between Santa Monica Blvd and Melrose Ave, within walking distance to some of Los Angeles’ most iconic dining, nightlife, and shopping destinations. 833 N Poinsettia Pl boasts a prime location with exceptionally high tenant demand and easy access to other coveted employer hubs including Beverly Hills, Century City, Hollywood, and the Miracle Mile. This property sits on a 7,349 Square Foot lot with 2,374 Square Feet of gross building area. The property consists of Four (1) One-Bedroom Units that are each individually metered for utilities. Tenants also benefit from Six (6) on-site private parking spots, Four (4) garage spots and Two (2) along the driveway, as well as dedicated storage areas. This is a rare opportunity to acquire a coveted asset in one of the most competitive rental submarkets in Los Angeles. With current rents approximately 58% below market, the property provides clear value-add potential for investors, while also offering significant existing cash flow and strong long-term appreciation potential.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

4

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,349 SF

ZONING

LAR3

APN/PARCEL ID

5526-007-023

ASK ABOUT THIS PROPERTY

John BoyettCBRE Boyett TeamMore Info
707-815-7472

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John BoyettCBRE Boyett TeamMore Info
707-815-7472

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