Apartment Building with
For Sale
$5,200,000
944 N Orange Grove Ave, West Hollywood, CA 90046
West Hollywood multifamily property with one- and two-bedroom residences, on-site laundry, and separately metered gas and electric.
Property Size17,795 SF
Lot Size0.29 Acres
Days on Market57
Property Features for 944 N Orange Grove Ave
General Information
Standard status
Active
Size
17,795 SF
Total Parking Spaces
20
Lot size
0.29 Acres
Property subtype
Multifamily
Zoning
WDR3C
Occupancy
98%
Units
Multifamily Units
20
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Amenities
swimming pool
on-site laundry
1st Time to be sold in over 38 Years!
1 Non-Conforming Unit Currently Used As Storage - Potential ADU Opportunity!
Property Offers Swimming Pool, On Site Laundry & Parking For Tenants
Building Details
Building Size
17,795 SF
Units
19
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Tony Azzi · License #License(s): CA: 00910513
(310) 909-5454
Source:
Marcusmillichap
Added: Aug 30
Changed: Oct 23
Last Checked: Oct 24 at 1:31PM
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 Marcus & Millichap - Los Angeles
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Investment Insights
Based on property information with market context.
Located at 944 N Orange Grove Ave in West Hollywood, this 1961 apartment property sits on a 12,577 SF lot zoned WDR3C. The unit mix includes one- and two-bedroom residences averaging approximately 937 SF each. A non-conforming unit is currently used for storage, with a potential ADU opportunity identified in the property information.
Property amenities include a swimming pool, on-site laundry, and 20 parking spaces, representing a 1:1 parking-to-unit ratio. Gas and electric service are separately metered. The property is included on the West Hollywood Visual Survey of Properties Subject to Seismic Retrofit.
Property amenities include a swimming pool, on-site laundry, and 20 parking spaces, representing a 1:1 parking-to-unit ratio. Gas and electric service are separately metered. The property is included on the West Hollywood Visual Survey of Properties Subject to Seismic Retrofit.
Key Highlights
- One- and two‑bedroom unit mix averaging approximately 937 SF per residence
- 20 parking spaces with a 1:1 parking‑to‑unit ratio
- 12,577 SF lot zoned WDR3C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,336
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,726,720
$5.7M
Cap Rate 7%
$4,090,514
$4.1M
Cap Rate 9%
$3,181,511
$3.2M
Market Conditions
NOI Build-Up for 17,795 SF
Gross rent
$565.9K $31.80/SF
− Vacancy
−$45.3K −$2.54/SF
EGI
$520.6K $29.26/SF
− OpEx
−$234.3K −$13.17/SF
NOI
$286.3K $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%
$5,726,720
Cap Rate 7%
$4,090,514
Cap Rate 9%
$3,181,511
Alternative Uses
Best Use
Apartment 5plus
$4.09M
$3.58M – $4.77M
NOI $286,336 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.53M
$8.34M – $11.12M
NOI $666,916 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
20
Residential units
Yes
Utilities to site
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
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
Frequently Asked Questions
What type of property is this?
Apartment building - West Hollywood multifamily property with one- and two-bedroom residences, on-site laundry, and separately metered gas and electric.
Where is this apartment building located?
The property is located at 944 N Orange Grove Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: One- and two‑bedroom unit mix averaging approximately 937 SF per residence; 20 parking spaces with a 1:1 parking‑to‑unit ratio; 12,577 SF lot zoned WDR3C
