18-Unit Apartment
New
For Sale
$4,500,000
1235-1239 N Detroit Street, West Hollywood, CA 90046
Three separate buildings occupy one parcel near Santa Monica Boulevard and La Brea Avenue.
Property Size8,224 SF
Lot Size0.30 Acres
Days on Market4
Property Features for 1235-1239 N Detroit Street
General Information
Standard status
Active
Size
8,224 SF
Lot size
0.30 Acres
Property subtype
Multifamily
Zoning
WDR3C
Additional Details
Cap Rate
5.21%
Multifamily Units
22
Amenities
Prime West Hollywood Location — Near Corner of Santa Monica Boulevard and La Brea Avenue
Large 12,999 Square Foot Lot Zoned WDR3C — Currently Contains Three Separate Buildings and 18 Open Parking Spaces
Two Blocks from West Hollywood Gateway Shopping Center — Among Only Big Box Retailers Permitted in West Hollywood (Target, Best Buy)
No Seismic Retrofit Requirements (Buyer to Verify)
Short Drive to The Grove, The Beverly Center, Sunset Strip, and Beverly Hills
Less than One Mile from the Epicenter of Hollywood — Hollywood Boulevard and Highland Avenue
Labeled a "Walker's Paradise" with a High Walk Score of 94
West Hollywood Ranked Best Suburb for Young Professionals in Los Angeles County and Second-Best in Entire State of California
Building Details
Building Size
8,224 SF
Buildings
3
Units
22
Listing Agency:
Encino Office
Listed By:
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source:
Marcusmillichap
Added: Oct 4
Last Checked: Oct 7 at 8:38AM
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
Investment Insights
Based on property information with market context.
This multifamily property comprises three buildings with 18 standard units and four additional non-conforming units. The buildings sit on a 12,999-square-foot parcel zoned WDR3C. Its reported Walk Score is 94.
The property is near the Santa Monica Boulevard and La Brea Avenue intersection in West Hollywood. Nearby destinations named include The Grove, The Original Farmers Market, The Beverly Center, the Sunset Strip, the Hollywood Bowl, and the Hollywood Walk of Fame. Beverly Hills, Hancock Park, and Hollywood are also identified as nearby areas.
The property is near the Santa Monica Boulevard and La Brea Avenue intersection in West Hollywood. Nearby destinations named include The Grove, The Original Farmers Market, The Beverly Center, the Sunset Strip, the Hollywood Bowl, and the Hollywood Walk of Fame. Beverly Hills, Hancock Park, and Hollywood are also identified as nearby areas.
Key Highlights
- 18 units plus four additional non‑conforming units
- Three separate buildings on a 12,999‑square‑foot parcel
- Zoned WDR3C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,331
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,646,620
$2.6M
Cap Rate 7%
$1,890,443
$1.9M
Cap Rate 9%
$1,470,344
$1.5M
Market Conditions
NOI Build-Up for 8,224 SF
Gross rent
$261.5K $31.80/SF
− Vacancy
−$20.9K −$2.54/SF
EGI
$240.6K $29.26/SF
− OpEx
−$108.3K −$13.17/SF
NOI
$132.3K $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%
$2,646,620
Cap Rate 7%
$1,890,443
Cap Rate 9%
$1,470,344
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.65M – $2.21M
NOI $132,331 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M
NOI $308,217 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings occupy one parcel near Santa Monica Boulevard and La Brea Avenue.
Where is this apartment building located?
The property is located at 1235-1239 N Detroit Street West Hollywood, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 18 units plus four additional non‑conforming units; Three separate buildings on a 12,999‑square‑foot parcel; Zoned WDR3C
