Listing Agency: Marcus & Millichap - Encino

Listed By: Sam Liberow · License #CA 01933858

Source: Crexi

Added: Mar 17 Changed: Aug 30 Last Checked: Aug 30 at 6:23PM

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Investment Insights

Based on property information with market context.

The property is a six-unit apartment building at 1040 N Genesee Ave in West Hollywood, California. The multifamily configuration provides six residential units within one income-producing asset.

The property is located in the 90046 ZIP code and is offered for sale. The reported capitalization rate is 5.78%.

Key Highlights

• Six‑unit apartment building
• 5.78% CAP rate
• 1040 N Genesee Ave address

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Food Market Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

780

Businesses Nearby

Explore this area Business Placement

Demographics for 90046, CA

49,987

Population

31,929

Households

1.6

Avg Household Size

39

Median Age

63%

College-Educated

95%

High-School Grad

5.7 sq mi

ZIP Area

8,770

Density / Sq Mi

$94,259

Median Household Income

$65,607

Median Earnings

$2,204

Median Rent

$1,411,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Six-unit residential income property in West Hollywood with a defined multifamily configuration.

Where is this apartment building located?

The property is located at 1040 N Genesee Ave West Hollywood, CA.

What are key features of this property?

This property features: Six‑unit apartment building; 5.78% CAP rate; 1040 N Genesee Ave address