West Hollywood Multifamily Investment
For Sale
$2,500,000
937 Hilldale Avenue, West Hollywood, CA 90069
Nine-unit apartment building in West Hollywood's Norma Triangle.
Property Size7,077 SF
Price / SF$353.26
Days on Market185
Property Features for 937 Hilldale Avenue
General Information
Standard status
Active
Size
7,077 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
WDR2*
Net Operating Income
$123,146
Amenities
Two
Wall/Window
Wall
Other
Attached
No
Building Details
Year Built
1957
Buildings
1
Stories
2
Units
9
Listing Agency:
Pinnacle Estate Properties, Inc.
Listed By:
Justin Shore · License #01715508
(818) 933-3133
Source:
Compass
Added: Apr 24
Changed: Oct 21
Last Checked: Oct 24 at 8:36PM
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 Pinnacle Estate Properties, Inc.
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Investment Insights
Based on property information with market context.
This nine-unit apartment building is located in the Norma Triangle of West Hollywood. The property features a unit mix of seven one-bedroom, one-bathroom units of approximately 800 square feet, and two two-bedroom, one-bathroom units of approximately 1,000 square feet. A courtyard with a sitting patio and on-site laundry facilities are also present. Building features include a main boiler system, five carport parking spaces, separate gas meters, new energy and noise-efficient windows, high-security mailboxes, and security cameras. The location offers walkability to Santa Monica & San Vicente (The Troubadour, The Abbey), the Sunset Strip (Whisky a Go-Go, Key Club), Pavilions, Trader Joe’s, and numerous eateries and cafés. The property is fully occupied and benefits from an assumable loan. The transit score is 60, indicating good transit options, and the walk score is 91, designating it as a walker's paradise. The bike score is 29, indicating it is somewhat bikeable.
Key Highlights
- Prime West Hollywood Location: Exceptional walkability to Santa Monica & San Vicente, the Sunset Strip, Pavilions, and Trader Joe's.
- Strong Income Potential: Fully occupied with an assumable loan, providing immediate cash flow and attractive financing.
- Functional Unit Mix: Features (7) 1 bed / 1 bath and (2) 2 bed / 1 bath units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,875
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,277,500
$2.3M
Cap Rate 7%
$1,626,786
$1.6M
Cap Rate 9%
$1,265,278
$1.3M
Market Conditions
NOI Build-Up for 7,077 SF
Gross rent
$225.0K $31.80/SF
− Vacancy
−$18.0K −$2.54/SF
EGI
$207.0K $29.26/SF
− OpEx
−$93.2K −$13.17/SF
NOI
$113.9K $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%
$2,277,500
Cap Rate 7%
$1,626,786
Cap Rate 9%
$1,265,278
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,875 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,230 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,184
Businesses Nearby
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Business Placement
Demographics for 90069, CA
20,584
Population
15,160
Households
1.4
Avg Household Size
44
Median Age
72%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
9,356
Density / Sq Mi
$110,705
Median Household Income
$80,535
Median Earnings
$2,230
Median Rent
$1,085,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment building in West Hollywood's Norma Triangle.
Where is this apartment building located?
The property is located at 937 Hilldale Avenue West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime West Hollywood Location: Exceptional walkability to Santa Monica & San Vicente, the Sunset Strip, Pavilions, and Trader Joe's.; Strong Income Potential: Fully occupied with an assumable loan, providing immediate cash flow and attractive financing.; Functional Unit Mix: Features (7) 1 bed / 1 bath and (2) 2 bed / 1 bath units.
