Investment Overview

900 N Orange Grove Avenue offers a 20-unit apartment building available for the first time in over 38 years, positioned on a 12,296-square-foot corner lot in prime West Hollywood. Built in 1957 and held by the same ownership for nearly four decades, the two-story property features a diversified mix of studio, one-, and two-bedroom residences averaging approximately 728 square feet, served by a swimming pool, on-site laundry, gated and exterior parking, and a controlled-access entry with intercom system. Gas and electric are separately metered, and recent ownership investment includes a new water heater in 2025 and a newer pool pump. Priced at $4,150,000, or $207,500 per unit — below every comparable sale in the submarket and 26% under the $281,557 comparable average — the offering represents an exceptional basis in one of Los Angeles County's most supply-constrained and highest-barrier-to-entry rental markets. With in-place rents averaging just $2.31 per square foot against market rents of $3.30, the property carries over 40% in rental upside, the most significant of any recent West Hollywood offering, providing a clear path from a 5.32% current capitalization rate to a 9.01% pro forma return. For the value-add investor seeking scale, an irreplaceable location, and genuine embedded growth, 900 N Orange Grove presents a rare and compelling opportunity.