Est. cap rate

3.1%

Assumed rent, all units

$8,790/mo

Units

3

Price per unit

$566,633

Est. annual NOI

$52,740

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

Triplex

Bedrooms

3

Building size

2,622 sqft

Lot size

6,395 sqft

Year built

1930

Stories

1

Garage spaces

2

Heating

Central

Pool

None

Status

Active

Days on market

39

MLS #

245162423

About this property

Prime West Hollywood triplex featuring three units across two separate buildings, offering immediate income and compelling long-term potential. The property presents an excellent opportunity for investors, multigenerational ownership, or a future owner-user seeking to occupy one residence while generating income from the others, subject to existing tenancies and applicable regulations. Outdoor areas include a spacious shared courtyard and covered patio, while garages—currently rented separately from the residential units—provide additional income. Photos taken from the garage rooftop illustrate the potential west-to-east outlook, including views toward the Hollywood Sign that may be achievable with future three-story development. According to preliminary information from the City of West Hollywood, the site may offer potential for up to five approximately 1,500-square-foot units, plus two additional affordable units, subject to zoning, density-bonus requirements, design review, tenant protections and all governmental approvals. Buyers should independently verify all development possibilities. Ideally located in the heart of West Hollywood, just moments from celebrated restaurants, shopping, nightlife, entertainment and everyday conveniences. A rare opportunity to acquire an income-producing property with additional garage revenue and significant future upside in one of Los Angeles’ most desirable rental markets.

Location

1029 N Orange Grove

West Hollywood, Los Angeles, CA, 90046