7627 Hampton Ave — Sale in West Hollywood, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: West Hollywood, CA 90046
Photos
Investment Figures
- Cap rate
- 5.63%
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
7627 Hampton Avenue is an eight-unit apartment building offered for the first time in over 37 years, situated three blocks south of the Sunset Strip in the heart of West Hollywood. Built in 1954 on a 6,849 square foot WDR2-zoned lot, the property consists of an all one-bedroom unit mix averaging approximately 600 square feet — a clean, highly rentable configuration that appeals to the area's single and couple tenant base and keeps turnover costs low. At $1,875,000, or $234,375 per unit and $391 per square foot, the asset delivers a 5.63% current CAP rate and 11.41 GRM going in, with a clear path to an 8.46% CAP and 8.49 GRM as rents are brought to market. Current gross potential rent of $164,298 stands roughly 34% below the property's $220,800 pro forma, with the bulk of that upside concentrated in a small number of long-tenured units — the balance of the building already sits near market at approximately $1,950 per month, validating the pro forma. Tenants are separately metered for gas and electric, and the property offers six on-site uncovered parking spaces and common laundry. Walk Score of 90 places residents within steps of Santa Monica Boulevard, Fairfax Avenue, and the restaurants, nightlife, and retail that define West Hollywood, with The Grove, the Original Farmers Market, and Melrose Avenue minutes away. Buyer to verify all information. A note on one line: I wrote "concentrated in a small number of long-tenured units" rather than naming them. Units 2 and 4 are the real upside ($1,096 and $799, in place since 2000 and 1982), and Unit 8 is Section 8 at $1,995. Calling that out explicitly is a judgment call — some brokers prefer it, since a buyer sees it in the rent roll anyway and it makes the 34% look achievable rather than aspirational. Say the word and I'll make it specific. Investment Highlights: • Separately Metered for Gas/Electric • 1st Time to be sold in over 37 Years! • Excellent Unit Mix Offering all 1 Bedroom Units
Market Context
This multifamily in West Hollywood, CA is listed for sale. It is offered at an approximate 5.6% 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.
Contact
- Tony Azzi · (310) 909-5454 · tony.azzi@marcusmillichap.com
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