Two-Unit Duplex
For Sale
$1,549,000
900 N Spaulding Ave, West Hollywood, CA 90046
Residential Income, West Hollywood, CA
Property Size2,519 SF
Lot Size0.13 Acres
Price / SF$614.93
Days on Market234
Property Features for 900 N Spaulding Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WDR3C*
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1
Parking
2
Parking features
Garage
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
See Map
Subdivision
West Hollywood Vicinity
Standard status
Active
APN
5530-023-010
Size
2,519 SF
Lot size
0.13 Acres
Utilities
Heating system
Floor Furnace
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Equity Union
(424) 600-7620
Listed By:
Dan Stueve · License #01936133
(310) 595-5875
Added: Feb 9
Changed: Sep 18
Last Checked: Oct 1 at 9:06PM
MLS# 26646749
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 duplex comprises two separate houses on a single 0.1279-acre lot, totaling 2519 square feet. Each residence includes 3 bedrooms and 2 bathrooms. Existing features include floor-furnace heating, composition roofing, and garage parking. The property was built in 1930 and is zoned WDR3C*.
Located at 900 N Spaulding Ave in West Hollywood, the property sits south of Santa Monica Boulevard and near Melrose Avenue and The Sunset Strip. Shopping, dining, and everyday conveniences are also identified in the surrounding area. Both residences are expected to be delivered vacant at closing, providing flexibility for an owner-user or redevelopment strategy supported by the existing duplex configuration.
Located at 900 N Spaulding Ave in West Hollywood, the property sits south of Santa Monica Boulevard and near Melrose Avenue and The Sunset Strip. Shopping, dining, and everyday conveniences are also identified in the surrounding area. Both residences are expected to be delivered vacant at closing, providing flexibility for an owner-user or redevelopment strategy supported by the existing duplex configuration.
Key Highlights
- Two separate houses on one 0.1279‑acre lot
- Each residence offers 3 bedrooms and 2 bathrooms
- Total property size: 2519 square feet
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
$43,991
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%
$879,820
$879.8K
Cap Rate 7%
$628,443
$628.4K
Cap Rate 9%
$488,789
$488.8K
Market Conditions
NOI Build-Up for 2,519 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
$68.0K $27.00/SF
− Vacancy
−$5.2K −$2.05/SF
EGI
$62.8K $24.95/SF
− OpEx
−$18.9K −$7.48/SF
NOI
$44.0K $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%
$879,820
Cap Rate 7%
$628,443
Cap Rate 9%
$488,789
Alternative Uses
Best Use
Multifamily LT 5
$628.4K
$549.9K – $733.2K
NOI $43,991 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$579.0K
$506.7K – $675.6K
NOI $40,533 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,406 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,789
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences share one parcel, with both homes scheduled for vacant delivery at closing.
Where is this duplex located?
The property is located at 900 N Spaulding Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two separate houses on one 0.1279‑acre lot; Each residence offers 3 bedrooms and 2 bathrooms; Total property size: 2519 square feet
