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    8815 Cynthia St West Hollywood, CA 90069

    View on Map
    Sponsored
    For Sale
    $9,995,000

    MULTI_FAMILY - West Hollywood, CA

    Property size:
    23,675 SF
    Lot size:
    0.41 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 19 at 9:06 am

    Property Features for 8815 Cynthia St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LCR4*
    Rooms
    Bedroom 9, Bedroom 2, Bedroom 35, Bathroom 2, Bathroom 6, Bathroom 22, Bathroom 26, Bedroom 1, Bathroom 30, Bathroom 32, Bathroom 17, Bathroom 3, Bedroom 13, Bathroom 25, Bathroom 21, Bathroom 12, Bedroom 26, Bathroom 36, Bedroom 17, Bathroom 1, Bedroom 18, Bathroom 8, Bathroom 27, Bathroom 33, Bedroom 22, Bedroom 21, Bedroom 12, Bedroom 29, Bedroom 40, Bathroom 14, Bathroom 20, Bathroom 18, Bathroom 15, Bedroom 20, Bedroom 24, Bedroom 31, Bathroom 9, Bathroom 34, Bathroom 39, Bedroom 11, Bathroom 37, Bathroom 19, Bedroom 36, Bathroom 31, Bathroom 28, Bathroom 13, Bedroom 6, Bedroom 38, Bedroom 37, Bedroom 27, Bathroom 16, Bedroom 28, Bedroom 39, Bathroom 10, Bedroom 4, Bedroom 8, Bathroom 38, Bathroom 23, Bedroom 32, Bedroom 19, Bedroom 15, Bedroom 14, Bedroom 30, Bathroom 24, Bedroom 7, Bathroom 4, Bathroom 35, Bedroom 10, Bedroom 34, Bedroom 5, Bedroom 16, Bathroom 29, Bathroom 5, Bedroom 25, Bedroom 3, Bathroom 40, Bathroom 7, Bedroom 33, Bathroom 11, Bedroom 23
    Bedrooms
    40
    Bathrooms
    40
    APN
    4339-013-028
    Parking
    47
    Parking features
    Assigned
    Size
    23,675 SF
    Lot size
    0.41 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Floors in Building
    3
    Number of units
    21

    We can help!

    Listing Contact
    Jonathan Taksa

    RE/MAX Commercial & Investment (310) 802-2500

    Listing agent Jonathan Taksa (213) 817-1000 License #01366169

    Listing date Mar 17, 2026

    MLS# 26640477 Listing URL

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Hollywood Multifamily Investment Opportunity

    Located in West Hollywood, the property at 8815 Cynthia Street presents an opportunity to acquire a multifamily asset in a desirable rental location. Constructed in 1989, the property is not subject to the city of West Hollywood's rent control, though AB 1482 applies. Four of the units are subject to lower income covenants. The courtyard property features a unit mix of 19 two-bedroom, two-bath units and 2 one-bedroom, one-bath units. The units offer spacious floor plans and natural light. The property is in the process of being converted to condominiums. Units include stainless steel appliances, quartz or granite countertops, fireplaces, vinyl or laminate flooring, spacious kitchens, bedrooms, and bathrooms, large balconies or patios, individual water heaters, and central heat and air conditioning. Property features include secure entry, copper plumbing, an 18-camera video system, and gated subterranean parking with 47 spaces for 21 units. The property has a Walk Score of 92. The 0.4078-acre property is suited for an investor interested in a condominium conversion project. The building size is 23675 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.383644
    Latitude
    34.087504

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    FAQs

    What type of property is this?
    Apartment building - Prime West Hollywood multifamily property with condominium conversion potential.
    Where is this apartment building located?
    The property is located at 8815 Cynthia St West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $9,995,000.
    What are key features of this property?
    This property features: - Prime West Hollywood Location: Situated in a highly desirable rental area.; - Not Subject to West Hollywood Rent Control: Built in 1989, exempt from city rent control (AB 1482 applies).; - Condominium Conversion in Progress: Opportunity for increased property value and individual sales.
    (213) 817-1000
    Request Owner's contact information
    8815 Cynthia St West Hollywood, CA 90069
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    West Hollywood, CA 90069
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8815 Cynthia St West Hollywood, CA 90069
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    We can help!
    Listing Contact
    Jonathan Taksa
    Real Estate License ID: 01366169
    (213) 817-1000 (310) 968-5303 (424) 672-8220
    Learn more
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