8811 Burton Way - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$49,000,000 USD
8811 Burton Way, Los Angeles, CA for Sale
$49,000,000 USD
Apartments - FOR SALE
1/14
null | 4.62% Cap Rate

8811 Burton Way
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • First time on market in over 40 years — rare West Hollywood generational offering
  • Institutional-scale 78-unit asset in one of Los Angeles’ most supply-constrained markets
  • Balanced unit mix: studios, 1+1s, and 2+2s serving an affluent renter base
  • Resort-style rooftop pool and deck supporting premium tenant demand
  • On-site fitness center, covered/underground parking amenities, controlled access, on-site laundry, and strong property infrastructure
  • Strong in-place income with long-term rent durability and inflation hedge

OVERVIEW

The Azzi Group of Marcus & Millichap is pleased to present 8811 Burton Way, a 78-unit, institutional-quality multifamily asset located in the heart of West Hollywood’s highly sought-after 90048 zip code, offered for the first time in over 40 years. Built in 1989, the five-story property comprises 86,448 SF of rentable space on a 27,083 SF LAR4-zoned lot, offering durable zoning and long-term operational stability in a supply-constrained rental market. The property features a well-balanced unit mix of (8) studios, (38) 1-bedroom/1-bath units, and (32) 2-bedroom/2-bath units, catering to an affluent renter base. Many units offer balconies and strong natural light, while resort-style rooftop amenities, a fitness center, covered/underground parking, on-site laundry, and controlled access support sustained tenant demand and long-term rent durability. Ideally located just off Beverly Boulevard, the asset benefits from exceptional walkability (Walk Score: 94) and immediate proximity to Beverly Hills, Fairfax, and Hollywood. With strong in-place income, limited new supply, and proven long-term appreciation, 8811 Burton Way represents a generational core hold opportunity for investors seeking wealth preservation and durable, inflation-hedged cash flow in one of Los Angeles’ most resilient multifamily submarkets.

FOR SALE DETAILS

PRICE

$49,000,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

78

PRICE/UNIT

$628,205

CAP RATE

4.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Versailles Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1989

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

LAR4

APN/PARCEL ID

4334-011-063

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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