12-Unit Apartment
New
For Sale
$4,375,000
1214 N Clark St, West Hollywood, CA 90069
One- and two-bedroom residences occupy a quieter hillside setting above Sunset Boulevard near West Hollywood’s entertainment corridor.
Property Size11,274 SF
Price / SF$388.06
Days on Market2
Property Features for 1214 N Clark St
General Information
Standard status
Active
Size
11,274 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Building Details
Year Built
1963
Listed By:
Accardo Real Estate Associates - AREA
(310) 686-9361
Source:
Naylorproperties
Added: Sep 20
Last Checked: Sep 20 at 7:06AM
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 Accardo Real Estate Associates - AREA
Investment Insights
Based on property information with market context.
Built in 1963, this 11,274-square-foot apartment property contains 12 residences with a mix of one- and two-bedroom floor plans. The units are described as generously sized, providing substantial living areas within a multifamily configuration suited to rental housing.
The building is located at 1214 N Clark St in West Hollywood, in the hills north of the Sunset Strip and above Sunset Boulevard. Dining, nightlife, hotels, entertainment, and other lifestyle destinations along the Sunset Strip and greater West Hollywood are nearby. The property combines a hillside residential setting with access to a highly active urban amenity corridor.
The building is located at 1214 N Clark St in West Hollywood, in the hills north of the Sunset Strip and above Sunset Boulevard. Dining, nightlife, hotels, entertainment, and other lifestyle destinations along the Sunset Strip and greater West Hollywood are nearby. The property combines a hillside residential setting with access to a highly active urban amenity corridor.
Key Highlights
- 12‑unit apartment property
- 11,274 square feet
- Mix of one- and two‑bedroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$181,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,628,160
$3.6M
Cap Rate 7%
$2,591,543
$2.6M
Cap Rate 9%
$2,015,644
$2.0M
Market Conditions
NOI Build-Up for 11,274 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$358.5K $31.80/SF
− Vacancy
−$28.7K −$2.54/SF
EGI
$329.8K $29.26/SF
− OpEx
−$148.4K −$13.17/SF
NOI
$181.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,628,160
Cap Rate 7%
$2,591,543
Cap Rate 9%
$2,015,644
Alternative Uses
Best Use
Apartment 5plus
$2.59M
$2.27M – $3.02M
NOI $181,408 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.04M
$5.28M – $7.04M
NOI $422,524 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
4,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 90069, CA
20,584
Population
15,160
Households
1.4
Avg Household Size
44
Median Age
72%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
9,356
Density / Sq Mi
$110,705
Median Household Income
$80,535
Median Earnings
$2,230
Median Rent
$1,085,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom residences occupy a quieter hillside setting above Sunset Boulevard near West Hollywood’s entertainment corridor.
Where is this apartment building located?
The property is located at 1214 N Clark St West Hollywood, CA.
What is the asking price?
The asking price for this property is $4,375,000.
What are key features of this property?
This property features: 12‑unit apartment property; 11,274 square feet; Mix of one- and two‑bedroom residences
