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Multifamily

1203 N Kings Rd

1203 Kings Rd, West Hollywood, CA 90069

Listing Price: $10,500,000

Cap Rate
2.26%
Number of Units
30
GRM
10.81
Price/Unit
$350,000
Price/Gross SF
$272.23
Gross SF
38,570

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1203 N Kings Rd, a 30-unit investment opportunity located in the vibrant 90069 zip code of Los Angeles.

Investment Highlights

  • Desirable Unit Mix: Large, well-balanced unit composition that caters to a broad tenant base, supporting long-term occupancy stability. Large Units.
  • Value-Add Opportunity: Potential to enhance revenue through interior upgrades, operational efficiencies, and improved property management practices.
  • Walkable, Amenity-Rich Neighborhood: Tenants benefit from a highly walkable location with immediate access to grocery stores, nightlife, cafes, and public transportation.
  • Prime West Hollywood North of Sunset Location: Situated in one of Los Angeles' most desirable rental markets, the property benefits from close proximity to Sunset Strip, Santa Monica Boulevard, and major lifestyle amenities including dining, retail, and entertainment.
  • Strong Rental Demand Submarket: West Hollywood consistently experiences high tenant demand driven by limited housing supply, walkability, and access to major employment hubs throughout the Westside and Hollywood.
  • Onsite Laundry
  • Subterranean Parking

Exclusively Listed By

Multifamily

1203 N Kings Rd

Listing Price: $10,500,000

Cap Rate
2.26%
Number of Units
30
GRM
10.81
Price/Unit
$350,000
Price/Gross SF
$272.23
Gross SF
38,570

Investment Highlights

  • Desirable Unit Mix: Large, well-balanced unit composition that caters to a broad tenant base, supporting long-term occupancy stability. Large Units.
  • Value-Add Opportunity: Potential to enhance revenue through interior upgrades, operational efficiencies, and improved property management practices.
  • Walkable, Amenity-Rich Neighborhood: Tenants benefit from a highly walkable location with immediate access to grocery stores, nightlife, cafes, and public transportation.
  • Prime West Hollywood North of Sunset Location: Situated in one of Los Angeles' most desirable rental markets, the property benefits from close proximity to Sunset Strip, Santa Monica Boulevard, and major lifestyle amenities including dining, retail, and entertainment.
  • Strong Rental Demand Submarket: West Hollywood consistently experiences high tenant demand driven by limited housing supply, walkability, and access to major employment hubs throughout the Westside and Hollywood.
  • Onsite Laundry
  • Subterranean Parking

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 1203 N Kings Rd, a 30-unit investment opportunity located in the vibrant 90069 zip code of Los Angeles.

Exclusively Listed By

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