The Boyett Team at CBRE is pleased to present a very rare opportunity to acquire 948–950 Palm Avenue, an 8-Unit multifamily building located in the prestigious Norma Triangle neighborhood of West Hollywood. Available for the first time since 1985, the property is ideally situated between the Sunset Strip and Santa Monica Boulevard, within walking distance to some of Los Angeles’ most iconic dining, nightlife, and shopping destinations. This property boasts a prime West Hollywood location with exceptionally high tenant demand and easy access to other coveted employer hubs including Beverly Hills, Century City, Hollywood, and the Miracle Mile. 948–950 Palm Avenue sits on a 12,301 Square Foot lot with 4,984 Square Feet of gross building area. The unit mix includes One (1) Studio, Six (6) One-Bedroom Units, and One (1) Two-Bedroom Unit, offering strong rental income potential. A portion of the units have recently undergone renovations, and tenants benefit from on-site private parking and dedicated storage areas. Residents will enjoy proximity to some of West Hollywood’s most recognizable destinations. Just a short walk or under a half mile away are Dialog Cafe, Mel’s Drive-In, the West Hollywood EDITION Hotel, and the iconic Sunset Plaza, offering access to top-tier dining, entertainment, and retail. This is an exceptionally rare opportunity to acquire a trophy asset in one of the most competitive rental submarkets in Los Angeles. With current rents approximately 24% below market, the property provides a clear value-add potential for investors, while also offering excellent existing cash flow and strong long-term appreciation potential.