5-Unit Remodeled Apartment
New
For Sale
$2,195,000
1206 N Orange Grove Ave, West Hollywood, CA 90046
Residents have a choice of one- and two-bedroom floor plans in a walkable West Hollywood setting.
Property Size3,846 SF
Days on Market3
Property Features for 1206 N Orange Grove Ave
General Information
Standard status
Active
Size
3,846 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$108,272
Financials
Asking Price
$2,195,000
Cap Rate
4.93%
Gross Income
$169,800
Units
Unit Mix
2 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
5
Amenities
Walking access to Whole Foods Market, restaurants, shopping, and neighborhood amenities.
Distinctive character that enhances the property's curb appeal.
Reported Walk Score of 95.
$169,800 in annual scheduled rental income and $108,272 in annual NOI.
Supports efficient property management.
All five residences feature beautifully updated interiors.
Two one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units.
Offering attractive income fundamentals and an exceptional walkable location in West Hollywood.
Building Details
Building Size
3,846 SF
Units
5
Construction
Spanish-style
Listing Agency:
Encino Office
(818) 212-2700
Listed By:
Dana Brody · License #CA: 01429001
(818) 212-2757
Source:
Marcusmillichap
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Encino Office
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Investment Insights
Based on property information with market context.
This five-unit apartment property has Spanish-style architecture and remodeled interiors. Its residences comprise two one-bedroom, one-bathroom layouts and three two-bedroom, one-bathroom layouts.
A Walk Score of 95 reflects the area’s pedestrian access to Whole Foods Market, restaurants, cafés, shops, and everyday services. The property is in West Hollywood, within an established residential area near dining, shopping, and entertainment. The reported current capitalization rate is 4.93%.
A Walk Score of 95 reflects the area’s pedestrian access to Whole Foods Market, restaurants, cafés, shops, and everyday services. The property is in West Hollywood, within an established residential area near dining, shopping, and entertainment. The reported current capitalization rate is 4.93%.
Key Highlights
- Five‑unit apartment building with remodeled interiors
- Spanish‑style architectural character
- Two one‑bedroom, one‑bathroom units and three two‑bedroom, one‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,885
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,700
$1.2M
Cap Rate 7%
$884,071
$884.1K
Cap Rate 9%
$687,611
$687.6K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$122.3K $31.80/SF
− Vacancy
−$9.8K −$2.54/SF
EGI
$112.5K $29.26/SF
− OpEx
−$50.6K −$13.17/SF
NOI
$61.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,237,700
Cap Rate 7%
$884,071
Cap Rate 9%
$687,611
Alternative Uses
Best Use
Apartment 5plus
$884.1K
$773.6K – $1.03M
NOI $61,885 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,139 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have a choice of one- and two-bedroom floor plans in a walkable West Hollywood setting.
Where is this apartment building located?
The property is located at 1206 N Orange Grove Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Five‑unit apartment building with remodeled interiors; Spanish‑style architectural character; Two one‑bedroom, one‑bathroom units and three two‑bedroom, one‑bathroom units
