Spanish Revival 10-Unit Apartment
For Sale
$4,995,000
1263 Havenhurst Dr, West Hollywood, CA 90046
Meticulously maintained Spanish Revival building with 10 spacious 1 and 2-bedroom units and 1 assigned parking space.
Property Size10,171 SF
Price / SF$491.10
Days on Market17
Property Features for 1263 Havenhurst Dr
General Information
Standard status
Active
Size
10,171 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
10,171 SF
Year Built
1939
Listing Agency:
Keller Williams Realty Los Feliz
Listed By:
Mason Canter · License #01797960
Source:
Benbelack
Added: Jul 14
Changed: Jul 30
Last Checked: Jul 30 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 Keller Williams Realty Los Feliz
Investment Insights
Based on property information with market context.
Casa Julieta is a meticulously maintained Spanish Revival apartment property with 10 residential units. The mix includes 1-bedroom and 2-bedroom residences, many with high ceilings, hardwood floors, and vintage details. Several units feature thoughtfully updated kitchens with modern amenities, including a dishwasher and washer/dryer, along with ample built-in storage. Some units offer private patios, and the property is consistently 100% occupied.
The building is set within a courtyard with a bubbling fountain at the entry and manicured gardens surrounding the property. Each unit has 1 assigned parking space in the on-site garage, and utilities are separately metered for gas and electricity. Casa Julieta was built in 1939 and totals 10,171 SF.
The property also notes potential eligibility for Mills Act property tax reduction.
The building is set within a courtyard with a bubbling fountain at the entry and manicured gardens surrounding the property. Each unit has 1 assigned parking space in the on-site garage, and utilities are separately metered for gas and electricity. Casa Julieta was built in 1939 and totals 10,171 SF.
The property also notes potential eligibility for Mills Act property tax reduction.
Key Highlights
- Consistently 100% occupied 10‑unit Spanish Revival apartment building
- 1‑bedroom and 2‑bedroom units with high ceilings, hardwood floors, and vintage details
- Some units include private patios
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $323.4k | $31.80 |
| − Vacancy | −$25.9k | −$2.54 |
| EGI | $297.6k | $29.26 |
| − OpEx | −$133.9k | −$13.17 |
| NOI | $163.7k | $16.09 |
10,171 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $163,660 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.45M
$4.76M – $6.35M
NOI $381,186 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,604
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 - Meticulously maintained Spanish Revival building with 10 spacious 1 and 2-bedroom units and 1 assigned parking space.
Where is this apartment building located?
The property is located at 1263 Havenhurst Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Consistently 100% occupied 10‑unit Spanish Revival apartment building; 1‑bedroom and 2‑bedroom units with high ceilings, hardwood floors, and vintage details; Some units include private patios
