Multifamily

937 N Orange Grove Ave

937 N Orange Grove Ave, West Hollywood, CA 90046

Listing Price: $2,750,000

Cap Rate
4.46%
Number of Units
9
Price/Unit
$305,556
Price/Gross SF
$461.95
Gross SF
5,953

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 937 North Orange Grove Avenue, a nine-unit multifamily investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 5,953 square feet of gross rentable area, situated on a 6,434-square foot lot. The nine-unit building is composed of two studio/one-bedroom units, six one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit.The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Santa Monica Boulevard, sandwiched between Farifax Avenue to the west and Ogden Drive to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 937 North Orange Grove Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 937 North Orange Grove Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Investment Highlights

  • Excellent Unit Mix Composed of Studios, One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 27% in Rental Upside Through Renovation.
  • Select Units Have Private Balconies.
  • Walkscore.com Rates 937 North Orange Grove Avenue a Walker's Paradise: Daily Errands do not Require a Car.

Exclusively Listed By

Financing By

Listing Price: $2,750,000

Cap Rate
4.46%
Number of Units
9
Price/Unit
$305,556
Price/Gross SF
$461.95
Gross SF
5,953

Investment Highlights

  • Excellent Unit Mix Composed of Studios, One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately Over 27% in Rental Upside Through Renovation.
  • Select Units Have Private Balconies.
  • Walkscore.com Rates 937 North Orange Grove Avenue a Walker's Paradise: Daily Errands do not Require a Car.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 937 North Orange Grove Avenue, a nine-unit multifamily investment opportunity located in the supply constrained West Hollywood submarket of Los Angeles. The property features 5,953 square feet of gross rentable area, situated on a 6,434-square foot lot. The nine-unit building is composed of two studio/one-bedroom units, six one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit.The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Santa Monica Boulevard, sandwiched between Farifax Avenue to the west and Ogden Drive to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 937 North Orange Grove Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as The Beverly Center, The Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 937 North Orange Grove Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of West Hollywood.

Exclusively Listed By

Financing By

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