Two-Unit Duplex
For Sale
$1,095,000
1218 Poinsettia Dr, West Hollywood, CA 90046
Compact multifamily asset with two one-bedroom, one-bath residences in West Hollywood.
Property Size1,782 SF
Lot Size0.13 Acres
Price / SF$614.48
Days on Market37
Property Features for 1218 Poinsettia Dr
General Information
Standard status
Active
Size
1,782 SF
Net Rentable
1,782 SF
Lot size
0.13 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1923
Listing Agency:
(310) 701-3808
Listed By:
Beata Mandell · License #01392993
(310) 701-3808
Source:
Highrisescondos
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 9:02AM
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 Beata Mandell
Investment Insights
Based on property information with market context.
Built in 1923, this duplex property contains approximately 1,782 square feet of rentable space on an approximately 5,853-square-foot lot. The configuration includes two one-bedroom, one-bath units, creating a straightforward residential income layout within a classic apartment property.
The property is located in West Hollywood near dining, retail, and entertainment offerings, with access to major thoroughfares connecting Beverly Hills, Hollywood, and the broader Los Angeles region. Its walkable setting and proximity to employment centers support the area's established renter appeal.
The property is located in West Hollywood near dining, retail, and entertainment offerings, with access to major thoroughfares connecting Beverly Hills, Hollywood, and the broader Los Angeles region. Its walkable setting and proximity to employment centers support the area's established renter appeal.
Key Highlights
- Two‑unit duplex property with two one‑bedroom, one‑bath residences
- Approximately 1,782 square feet of rentable space
- Approximately 5,853‑square‑foot lot
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
$31,120
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
2.84%
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%
$622,400
$622.4K
Cap Rate 7%
$444,571
$444.6K
Cap Rate 9%
$345,778
$345.8K
Market Conditions
NOI Build-Up for 1,782 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
$48.1K $27.00/SF
− Vacancy
−$3.7K −$2.05/SF
EGI
$44.5K $24.95/SF
− OpEx
−$13.3K −$7.48/SF
NOI
$31.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$622,400
Cap Rate 7%
$444,571
Cap Rate 9%
$345,778
Alternative Uses
Best Use
Multifamily LT 5
$444.6K
$389.0K – $518.7K
NOI $31,120 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$409.6K
$358.4K – $477.9K
NOI $28,674 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$954.1K
$834.8K – $1.11M
NOI $66,785 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
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?
Duplex - Compact multifamily asset with two one-bedroom, one-bath residences in West Hollywood.
Where is this duplex located?
The property is located at 1218 Poinsettia Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two‑unit duplex property with two one‑bedroom, one‑bath residences; Approximately 1,782 square feet of rentable space; Approximately 5,853‑square‑foot lot
