937 Hilldale Ave - Apartments FOR SALE


West Hollywood, CA 90069
$2,550,000 USD
310-968-7005
937 Hilldale Ave, West Hollywood, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/10
null | 4.55% Cap Rate

937 Hilldale Ave
West Hollywood, CA 90069


HIGHLIGHTS

  • Norma Triangle cul-de-sac location steps from Sunset Blvd. and Doheny Dr., with West Hollywood access without the main-street feel.
  • Residents are minutes from the Sunset Strip, Santa Monica Blvd., Melrose, Pacific Design Center, Beverly Center, and Beverly Hills.
  • First time on market in 38 years, with soft-story retrofit, new roof, new windows, and 5 of 9 units renovated, reducing near-term capital exposure.
  • Offered at $2,550,000, or $283,333/unit and $360/SF, with nearly 67% upside to a 9.33% CAP and 8.10 GRM.
  • Walking distance to Sunset Strip anchors including The West Hollywood EDITION, The Roxy Theatre, Whisky a Go Go, Sunset Plaza, Dialog Cafe, and more.
  • Norma Triangle address, completed capital improvements, and a rent roll with room to grow give 937 N. Hilldale Ave. a clear repositioning path in a co

OVERVIEW

937 N. Hilldale Ave. brings together a Norma Triangle cul-de-sac location, completed capital improvements, and nearly 67% rental upside steps from Sunset Blvd. and Doheny Dr. Located in the heart of West Hollywood, the property places residents minutes from the Sunset Strip, Santa Monica Blvd. , Melrose Ave. , Melrose Pl. , the Pacific Design Center, Beverly Center, and Beverly Hills. Built in 1957, the building reflects the classic LA dingbat apartment style with tuck-under parking, horizontal window lines, clean stucco massing, and a straightforward mid-century profile. The property has been owned by the same ownership for 38 years and has benefited from meaningful capital improvements, including the soft-story retrofit, new roof, new windows, and renovations to 5 of the 9 units. Those upgrades reduce near-term capital exposure and allow a buyer to focus on interior turnover, lease-up, and rent growth. The unit mix includes (2) 2-bdrm. / 1-bath units and (7) 1-bdrm. / 1-bath units, a practical configuration for renters who want West Hollywood access, a quieter residential setting, and proximity to the Sunset Strip without living directly on it. Offered at $2,550,000, or $283,333 per unit and $360 per SF, the property is priced in line with recent nearby sales on a per-unit, per-foot, and current income basis. For investors looking in West Hollywood, 937 N. Hilldale Ave. offers the pieces that matter most: a Norma Triangle address, a well-maintained 9-unit building, completed capital improvements, and a rent roll with room to grow.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

9

PRICE/UNIT

$283,333

CAP RATE

4.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units in Norma Triangle w/ 67% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

WDR2*

APN/PARCEL ID

4340-005-010

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

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