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    618 Westbourne Dr West Hollywood, CA 90069
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    618 Westbourne Dr, West Hollywood, CA 90069

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    • Commercial real estate
    Off-Market
    Property ID
    US09-9552846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 618 Westbourne Dr

    Property type
    Commercial real estate
    APN
    New APN 4337-008-164 was created by merging two APNs: 4337-008-050 & 4337-008-127.

    Description

    This exceptional West Hollywood development presents an unparalleled investment opportunity. Located just north of Melrose Avenue, between San Vicente and La Cienega Boulevards, this project comprises four luxurious townhome apartments, each boasting substantial living space and private garages. Units range in size from 2,361 to 3,079 square feet, offering a combined 10,544 square feet of living area. Each home features a chef's kitchen, spacious great room, powder room, and en-suite bathrooms. Front units include a study and porch. Private roof decks, ranging from 312 to 532 square feet, add to the luxurious appeal. The two-story design, avoiding subterranean parking, reflects a cost-effective construction approach. The property sits on a 12,150 square foot lot (APN 4337-008-164, created by merging 4337-008-050 & 4337-008-127) and is zoned WeHo R2. Its prime location offers easy access to renowned restaurants, upscale shopping, vibrant nightlife, and cultural attractions. The high barrier to entry in this coveted West Hollywood submarket makes this a truly unique and valuable asset. A potential condo conversion adds further investment upside. Asking price: $4,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.37972845766
    Latitude
    34.082671700845

    Comparable in this City

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      West Hollywood Multifamily Investment Opportunity

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      West Hollywood Multifamily Investment Opportunity

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      Land for Sale Los Angeles

      Land available in Los Angeles County.
      2381 Sunset Plaza Dr, Los Angeles, CA 90069
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    Similar Nearby for Sale

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      West Hollywood Multifamily Investment Opportunity

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    • $3,550,000
      4,928 SF

      West Hollywood Four-Unit Townhouse Property

      Four meticulously maintained townhomes in a prime West Hollywood location.
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    • $9,450,000
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      West Hollywood Multifamily Investment Opportunity

      Prime West Hollywood multifamily property with condominium conversion potential.
      8815 Cynthia St, West Hollywood, CA 90069
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      West Hollywood Multifamily Investment Opportunity

      Charming five-unit property in the heart of West Hollywood.
      1266 N Flores St, West Hollywood, CA 90069
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      Land for Sale Los Angeles

      Land available in Los Angeles County.
      2381 Sunset Plaza Dr, Los Angeles, CA 90069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      La Cienega Blvd Land Parcel

      4,800 SF land with expandable building for lease.
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      Retail Spaces on Sunset Blvd

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      Sunset Boulevard Retail/Wellness Space

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      25,000 SF

      West Hollywood Office Space Available

      25,000 square foot office space for rent.
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      Retail Space on Santa Monica

      Single tenant retail space available for rent.
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      Liquor-Grandfathered Restaurant

      Liquor grandfathering and an indoor/outdoor patio setup support full-service restaurant operations.
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    618 Westbourne Dr
    West Hollywood, CA 90069
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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