Multifamily Apartment
For Sale
$2,950,000
939 Larrabee St, West Hollywood, CA 90069
Garden-style apartment building with controlled access, on-site laundry, separately metered utilities, and select units with balconies or patios.
Property Size9,386 SF
Lot Size0.17 Acres
Price / SF$314.30
Days on Market14
Property Features for 939 Larrabee St
General Information
Standard status
Active
Size
9,386 SF
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Zoning
WDR4
Additional Details
Utilities to Site
Yes
Amenities
controlled access entry system
on-site laundry
private balconies/patios
Building Details
Building Size
9,386 SF
Year Built
1961
Buildings
1
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Jordan Asheghian · License #01886605
Source:
Benbelack
Added: Jul 17
Changed: Jul 30
Last Checked: Jul 30 at 7:37AM
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 Lyon Stahl Investment Real Estate, Inc.
Investment Insights
Based on property information with market context.
This multifamily apartment building features an excellent mix of spacious one- and two-bedroom units. The units average approximately 939 SF each. The property includes a new roof membrane, a controlled access entry system, separately metered gas and electric service, and on-site laundry with tenant parking. Select units offer private balconies or patios. A completed SB 721 report is in place, and the building was painted in 2024. The seismic retrofit has not been completed.
The building sits on a large 7,299 SF WDR4-zoned lot at 939 Larrabee St in West Hollywood, CA 90069, and is described as being just steps from Sunset Blvd.
With one- and two-bedroom layouts and an estimated rental upside of over 18%, the property offers a straightforward residential income setup with practical day-to-day amenities and recent exterior updates.
The building sits on a large 7,299 SF WDR4-zoned lot at 939 Larrabee St in West Hollywood, CA 90069, and is described as being just steps from Sunset Blvd.
With one- and two-bedroom layouts and an estimated rental upside of over 18%, the property offers a straightforward residential income setup with practical day-to-day amenities and recent exterior updates.
Key Highlights
- New roof membrane and building painted in 2024
- Controlled access entry system
- Separately metered gas and electric
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.5k | $31.80 |
| − Vacancy | −$23.9k | −$2.54 |
| EGI | $274.6k | $29.26 |
| − OpEx | −$123.6k | −$13.17 |
| NOI | $151.0k | $16.09 |
9,386 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,028 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.03M
$4.40M – $5.86M
NOI $351,766 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,746
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 - Garden-style apartment building with controlled access, on-site laundry, separately metered utilities, and select units with balconies or patios.
Where is this apartment building located?
The property is located at 939 Larrabee St West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: New roof membrane and building painted in 2024; Controlled access entry system; Separately metered gas and electric
