9-Unit Apartment
For Sale
$2,550,000
937 Hilldale Ave, West Hollywood, CA 90069
Residential Income, West Hollywood, CA
Property Size7,077 SF
Lot Size0.16 Acres
Price / SF$360.32
Days on Market87
Property Features for 937 Hilldale Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WDR2*
Bedrooms
11
Bathrooms
9
Full bathrooms
2
Rooms
Bedroom 10, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 8, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 11, Bathroom 9, Bedroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bedroom 9, Bathroom 4, Bathroom 7, Bathroom 8
Parking
5
Parking features
Tandem
Directions
Located at the end of a cul-de-sac neighboring West Hollywood Elementary School, 937 Hilldale is minutes from the heart of Sunset Blvd. and Santa Monica Blvd.
Subdivision
West Hollywood Vicinity
Standard status
Active
APN
4340-005-010
Size
7,077 SF
Lot size
0.16 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Year built
1957
Floors in Building
2
Number of units
9
Listing Agency:
Compass
(310) 230-5478
Listed By:
Kenny Stevens · License #01090251
(310) 968-7005
Added: Jun 12
Changed: Sep 5
Last Checked: Sep 6 at 8:06AM
MLS# 26847091
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 9-unit apartment building in West Hollywood was constructed in 1957 and contains 7,077 square feet on a 0.1611-acre parcel. The unit mix includes two 2-bedroom, 1-bath residences and seven 1-bedroom, 1-bath residences. Five units have been renovated, and completed property work includes a soft-story retrofit, roof replacement, and new windows. The building features classic LA dingbat styling, stucco construction, horizontal windows, wall/window cooling, and tandem parking.
The property sits on a Norma Triangle cul-de-sac near Sunset Boulevard and Doheny Drive. Its location provides access to the Sunset Strip, Santa Monica Boulevard, Melrose, the Pacific Design Center, Beverly Center, and Beverly Hills. The asset has remained under the same ownership for 38 years and is zoned WDR2*.
The property sits on a Norma Triangle cul-de-sac near Sunset Boulevard and Doheny Drive. Its location provides access to the Sunset Strip, Santa Monica Boulevard, Melrose, the Pacific Design Center, Beverly Center, and Beverly Hills. The asset has remained under the same ownership for 38 years and is zoned WDR2*.
Key Highlights
- 9‑unit apartment building with 7,077 square feet of building area
- Unit mix includes two 2‑bedroom, 1‑bath units and seven 1‑bedroom, 1‑bath units
- 0.1611‑acre parcel in West Hollywood’s Norma Triangle
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
$113,875
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
4.47%
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%
$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
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
$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 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%
$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 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.32M – $4.42M
NOI $265,230 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
4,884
Businesses Nearby
Explore this area
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
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 - Well-maintained multifamily property with upgraded systems, renovated units, and tandem parking in a residential West Hollywood setting.
Where is this apartment building located?
The property is located at 937 Hilldale Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 9‑unit apartment building with 7,077 square feet of building area; Unit mix includes two 2‑bedroom, 1‑bath units and seven 1‑bedroom, 1‑bath units; 0.1611‑acre parcel in West Hollywood’s Norma Triangle
