939 Palm Ave - Apartments FOR SALE


West Hollywood, CA 90069
$21,000,000 USD
939 Palm Ave, West Hollywood, CA for Sale
$21,000,000 USD
Apartments - FOR SALE
1/47
null | 2.65% Cap Rate

939 Palm Ave
West Hollywood, CA 90069


OVERVIEW

Cosmopolitan Apartments at 939 Palm Ave presents a prime multifamily investment opportunity in the heart of West Hollywood, one of Los Angeles’ most supply-constrained and high-demand rental markets. The property offers stable in-place income with potential for future rent growth, supported by its strong location near Santa Monica Boulevard and proximity to premier retail, dining, and employment centers. This asset is well-positioned for investors seeking a long-term hold in a highly desirable infill submarket with consistent tenant demand and favorable underlying fundamentals.

FOR SALE DETAILS

PRICE

$21,000,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

41

PRICE/UNIT

$512,195

CAP RATE

2.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Elle Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

WDR4

APN/PARCEL ID

4339-014-026

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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

Tony AzziMarcus & MillichapMore Info

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