1235-1239 N Detroit Street — Sale in West Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Hollywood, CA 90046

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Investment Figures

Cap rate
5.21%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to announce the opportunity to purchase 1235-1239 N Detroit Street, an 18-unit multifamily property that includes an additional four non-conforming units, located in West Hollywood, CA. Situated near the intersection of Santa Monica Boulevard and La Brea Avenue, the three separate buildings are contained within one large 12,999 square foot parcel zoned WDR3C. Having earned a high Walk Score of 94 along with the title of “Walker’s Paradise,” the property allows tenants convenient access to several famous local neighborhoods and attractions. The Grove and The Original Farmers Market, along with The Beverly Center, the Sunset Strip, the Hollywood Bowl, and the Hollywood Walk of Fame are all within a short distance. Residents can also easily reach nearby Beverly Hills, Hancock Park, and Hollywood. According to recent reports from Niche.com, West Hollywood ranked #1 out of 111 neighborhoods in Los Angeles County among the Best Suburbs for Young Professionals, and ranked #2 in the entire state of California. With 80% of the West Hollywood population residing in rental housing, both occupancy rates and rents remain boosted in dense rental neighborhoods such as the area surrounding 1235-1239 N Detroit Street. Investment Highlights: • Prime West Hollywood Location — Near Corner of Santa Monica Boulevard and La Brea Avenue • Large 12,999 Square Foot Lot Zoned WDR3C — Currently Contains Three Separate Buildings and 18 Open Parking Spaces • Two Blocks from West Hollywood Gateway Shopping Center — Among Only Big Box Retailers Permitted in West Hollywood (Target, Best Buy) • No Seismic Retrofit Requirements (Buyer to Verify) • Short Drive to The Grove, The Beverly Center, Sunset Strip, and Beverly Hills • Less than One Mile from the Epicenter of Hollywood — Hollywood Boulevard and Highland Avenue • Labeled a "Walker's Paradise" with a High Walk Score of 94 • West Hollywood Ranked Best Suburb for Young Professionals in Los Angeles County and Second-B

Market Context

This multifamily in West Hollywood, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in West Hollywood, CA — view the full market.

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