1015 N Vista St Multifamily
  • Asking Price
    $3.3MAsking Price
  • Cap Rate
    5.92%Cap Rate
  • Price/SF
    $401.53Price/SF
  • Total Units
    10Total Units
  • GRM
    11.07GRM
  • NOI
    $192KNOI

Description

A renovated 10-unit multifamily investment in a prime West Hollywood location south of Santa Monica Boulevard and west of La Brea Avenue. The 8,094-square-foot building contains eight one-bedroom residences and two two-bedroom/two-bathroom residences on an approximately 6,643-square-foot lot. Nine gated, on-grade parking spaces support the resident experience.

Eight residences have received extensive interior upgrades, including stainless-steel appliances, in-unit washers and dryers, wide-plank flooring, updated windows, modern kitchens and bathrooms, and open-concept layouts. Select residences also offer private patios. The property's location provides convenient access to the Sunset Strip, Hollywood entertainment district, dining, retail, and major employment corridors.

With a largely renovated unit mix, established operating history, and remaining rent-growth potential, the asset offers investors a turnkey multifamily opportunity in a high-demand infill market. Any future accessory dwelling unit plans, permits, or development potential should be independently confirmed by the buyer with the appropriate agencies.

Offering Summary

  • Asking Price
    $3,250,000
  • Price PSF
    $401.53
  • Price/Unit
    $325,000
  • Property Type
    Multifamily
  • Size
    8,094 SF
  • Occupancy
    100%
  • Properties
    10 Units
  • Built
    1962
  • Parking
    9 Spaces
  • Total Acres
    ~0.15 ac

Sale Details

  • Cap Rate
    5.92%
  • NOI
    $192,400
  • GRM
    11.07

Documents

Property Address

1015 N Vista St
West Hollywood, CA 90046

Property Details

  • Square Feet
    8,094 SF
  • Property Type
    Multifamily
  • Total Units
    10
  • Occupancy
    100%
  • Year Built
    1962
  • Acres
    0.15
  • Zoning
    R3B
  • APN
    5531-023-019

Deal Team

Jason Tuvia profile image

Jason Tuvia

Senior Managing Director Investments
Marcus & Millichap
CA RE Lic. 01772495