Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 1235-1239 N Detroit Street, an 18-unit multifamily property that includes an additional four non-conforming units, located in West Hollywood, CA. Situated near the intersection of Santa Monica Boulevard and La Brea Avenue, the three separate buildings are contained within one large 12,999 square foot parcel zoned WDR3C. Having earned a high Walk Score of 94 along with the title of “Walker’s Paradise,” the property allows tenants convenient access to several famous local neighborhoods and attractions. The Grove and The Original Farmers Market, along with The Beverly Center, the Sunset Strip, the Hollywood Bowl, and the Hollywood Walk of Fame are all within a short distance. Residents can also easily reach nearby Beverly Hills, Hancock Park, and Hollywood. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, both occupancy rates and rents remain boosted in dense rental neighborhoods such as the area surrounding 1235-1239 N Detroit Street.