10-Unit Courtyard Apartment
For Sale
$4,995,000
1263 Havenhurst Dr, West Hollywood, CA 90046
Residential Income, Spanish Colonial, West Hollywood, CA
Property Size10,171 SF
Lot Size0.35 Acres
Price / SF$491.10
Days on Market80
Property Features for 1263 Havenhurst Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WDR4*
Bedrooms
14
Bathrooms
10
Full bathrooms
2
Rooms
Bedroom 14, Bathroom 2, Bedroom 12, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 11, Bedroom 3, Bathroom 10, Bedroom 7, Bedroom 4, Bathroom 8, Bedroom 6, Bedroom 9, Bedroom 1, Bedroom 10, Bedroom 8, Bedroom 13, Bathroom 9, Bedroom 5, Bathroom 1, Bathroom 5
Parking
10
Parking features
Assigned, Garage
Security features
Security Lighting
Lot features
Landscaped, Alley Paved, Exterior Security Lights, Fenced
Directions
South on Havenhurst Dr. off Fountain Ave.
Subdivision
West Hollywood Vicinity
Standard status
Active
APN
5554-016-005
Size
10,171 SF
Lot size
0.35 Acres
Amenities
fountain
gardens
courtyard
high ceilings
hardwood floors
vintage details
updated kitchens
dishwasher
washer/dryer
built-in storage
private patios
on-site garage
Building Details
Year built
1939
Floors in Building
2
Number of units
10
Roof type
Tile
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Los Feliz
(323) 300-1000
Listed By:
Mason Canter · License #01797960
(310) 722-3161
Added: Jul 14
Changed: Sep 12
Last Checked: Oct 1 at 7:06PM
MLS# 26859697
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit apartment building at 1263 Havenhurst Dr. encompasses 10,171 square feet on 0.3474 acres and was built in 1939. The residences include one- and two-bedroom layouts, with high ceilings, hardwood flooring, built-in storage, and select private patios. Three units have updated kitchens equipped with dishwashers and washer/dryer appliances. A landscaped courtyard with a fountain provides a central outdoor setting, while tile roofing contributes to the property's established character.
Occupancy is reported at 100%. Each residence has one assigned space in the on-site garage, and gas and electricity are separately metered. The property is located in West Hollywood, California, within zoning designation WDR4*.
Occupancy is reported at 100%. Each residence has one assigned space in the on-site garage, and gas and electricity are separately metered. The property is located in West Hollywood, California, within zoning designation WDR4*.
Key Highlights
- 10‑unit apartment property totaling 10,171 square feet
- 0.3474‑acre site in West Hollywood
- 100% occupied
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
$163,660
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
3.28%
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%
$3,273,200
$3.3M
Cap Rate 7%
$2,338,000
$2.3M
Cap Rate 9%
$1,818,444
$1.8M
Market Conditions
NOI Build-Up for 10,171 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
$323.4K $31.80/SF
− Vacancy
−$25.9K −$2.54/SF
EGI
$297.6K $29.26/SF
− OpEx
−$133.9K −$13.17/SF
NOI
$163.7K $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%
$3,273,200
Cap Rate 7%
$2,338,000
Cap Rate 9%
$1,818,444
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
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,754
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Maintained income property with assigned garage parking and a mix of one- and two-bedroom residences.
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: 10‑unit apartment property totaling 10,171 square feet; 0.3474‑acre site in West Hollywood; 100% occupied
