936 N Orange Grove Ave - Apartments FOR SALE


West Hollywood, CA 90046
$3,300,000 USD
310-968-5303
936 N Orange Grove Ave, West Hollywood, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/13
null | 4.76% Cap Rate

936 N Orange Grove Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Premier West Hollywood location
  • Excellent unit mix (3-bedroom, 2-bedroom, 1-bedroom, and studio floor plans)
  • Significant rental upside (current rent/SQFT of $2.43)
  • Quintessential value-add investment opportunity
  • Large 6,499 SQFT lot zoned R3C-WD
  • In close proximity to high-end dining, retail, and entertainment venues along the Sunset Strip and Santa Monica Blvd.

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located in the prestigious Westside enclave of West Hollywood. 936 N Orange Grove Avenue, available for the first time in over 20 years, represents the unique opportunity to acquire a quintessential value-add property situated in one of the strongest rental markets in Los Angeles. The property boasts an ideal unit mix for the area. Each of the units is large, has a terrific floor plan, and offers an abundance of natural light. Other property features include a well landscaped facade, an on-site laundry facility, and ample on-site parking. Close to some of Los Angeles’ best dining, retail, and nightlife along Sunset Blvd and Santa Monica Blvd, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

11

PRICE/UNIT

$300,000

CAP RATE

4.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units in Prime West Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

R3, West Hollywood

APN/PARCEL ID

5530-026-003

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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