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Multifamily

The Dahlia

954 Palm Ave, West Hollywood, CA 90069

Listing Price: $23,500,000

Cap Rate
3.29%
Number of Units
52
Price/Unit
$451,923
Price/Gross SF
$547.73
Gross SF
42,904

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 956 Palm Avenue, a 52-unit multifamily investment opportunity located in the supply constrained West Hollywood neighborhood.

Investment Highlights

  • Rare Opportunity to Own 52 Units in Prime WeHo Neighborhood!
  • Excellent Unit Mix Composed of 3 Studio/One-Bathroom Units, 33 One-Bedroom/One-Bathroom Units, 15 Two-Bedroom/Two- Bathroom Units & 1 Three-Bedroom/Three-Bathroom Unit!
  • Spacious Units Averaging Approximately 357 SF for Studio Units, 627 SF for One-Bedroom Units, 899 SF for Two-Bedroom Units & 1,550 for the Three-Bedroom Unit!
  • Property Amenities Include Controlled Access, a Pool & Jacuzzi, On-Site Laundry, Gated Subterranean Parking with Entrances Off Palm Avenue & Hancock Avenue, Gym, & BBQ Sun Deck Lounge!
  • Units Feature Equipped Kitchen, Quartz Countertops, Wood Floors, AC Unit & Windows with Natural Light!

Exclusively Listed By

Financing By

Listing Price: $23,500,000

Cap Rate
3.29%
Number of Units
52
Price/Unit
$451,923
Price/Gross SF
$547.73
Gross SF
42,904

Investment Highlights

  • Rare Opportunity to Own 52 Units in Prime WeHo Neighborhood!
  • Excellent Unit Mix Composed of 3 Studio/One-Bathroom Units, 33 One-Bedroom/One-Bathroom Units, 15 Two-Bedroom/Two- Bathroom Units & 1 Three-Bedroom/Three-Bathroom Unit!
  • Spacious Units Averaging Approximately 357 SF for Studio Units, 627 SF for One-Bedroom Units, 899 SF for Two-Bedroom Units & 1,550 for the Three-Bedroom Unit!
  • Property Amenities Include Controlled Access, a Pool & Jacuzzi, On-Site Laundry, Gated Subterranean Parking with Entrances Off Palm Avenue & Hancock Avenue, Gym, & BBQ Sun Deck Lounge!
  • Units Feature Equipped Kitchen, Quartz Countertops, Wood Floors, AC Unit & Windows with Natural Light!

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 956 Palm Avenue, a 52-unit multifamily investment opportunity located in the supply constrained West Hollywood neighborhood.

Exclusively Listed By

Financing By

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