Investment Overview

944 N Orange Grove Avenue presents a 19-unit apartment community available for the first time in over 38 years, situated on a 12,577-square-foot lot in the heart of West Hollywood. Constructed in 1961 and held by the same family for nearly four decades, the two-story property is comprised of exceptionally spacious one- and two-bedroom residences averaging approximately 937 square feet — well above the neighborhood norm and a meaningful competitive advantage in a submarket where unit size is increasingly scarce. Residents enjoy a swimming pool, on-site laundry, and 20 gated parking spaces, delivering a full 1:1 parking ratio, while separately metered gas and electric limit ownership's utility exposure. A non-conforming ground-floor space currently used for storage offers a potential ADU conversion opportunity for added income. Priced at $5,200,000 — $273,684 per unit and just $292 per square foot, below the $337 per square foot comparable average and below the adjacent 936 N Orange Grove trade — the offering delivers a 5.64% current capitalization rate and a 10.70 GRM, with approximately 23% in rental upside achievable through natural turnover, supporting a 7.68% capitalization rate. For a long-term owner, the combination of oversized floor plans, an irreplaceable West Hollywood location, and a materially below-market rent roll presents a rare opportunity to acquire scale in one of Los Angeles County's most supply-constrained rental markets.