Est. cap rate

3.5%

Assumed rent, all units

$13,320/mo

Units

4

Price per unit

$570,000

Est. annual NOI

$79,920

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,390 sqft

Lot size

6,718 sqft

Year built

1928

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

242081658

About this property

Prime West Hollywood Location! This income-producing property, located just north of Sunset Blvd (Sunset Strip), offers breathtaking views and exceptional development potential. The 6,718 SF R4-zoned lot features four fully occupied units, including a mix of 2+2+Den, 2+1.5, 1+1+Den, and 1+1. The front 2-bed + 2-bath unit with den/bonus room is ideal for an owner-user, offering a large front patio, rear balcony, in-unit laundry, central HVAC, spacious kitchen, and city views. With month-to-month tenants, the property provides stable rental income while offering future redevelopment opportunities. The property is surrounded by multimillion-dollar homes and sits in one of West Hollywood’s most desirable neighborhoods, just below the coveted Bird Streets and Trousdale Estates, known for their luxurious estates valued in the tens of millions. The location offers easy access to the best of West Hollywood and Beverly Hills, including world-renowned destinations like Soho House, The Roxy, The Viper Room, Chateau Marmont, The Comedy Store, and exclusive hotels like 1 Hotel West Hollywood, Pendry Hotel, and The Edition. With its R4 zoning, this property offers significant redevelopment potential, whether for luxury condos, high-end townhomes, or multifamily apartments. The lot’s expansive size and prime location, combined with stunning city views, make this an ideal opportunity for a developer looking to capitalize on one of Los Angeles' hottest areas. West Hollywood is experiencing rapid growth and transformation, with the Sunset Strip emerging as a hub for high-end developments. The area is in high demand due to its vibrant culture, entertainment, and proximity to top dining, nightlife, and upscale shopping. This is a rare chance to acquire a prime asset in one of the most sought-after locations in Los Angeles, offering long-term value and the potential for significant appreciation.

Location

1204 N Clark

West Hollywood, Los Angeles, CA, 90069