884 Palm Ave — Sale in West Hollywood, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: West Hollywood, CA 90069
Photos
Investment Figures
- Cap rate
- 4.94%
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 present the opportunity to acquire 884 Palm Ave, a 30-unit investment opportunity located in the vibrant 90069 zip code of Los Angeles. Investment Highlights: • Desirable Unit Mix: Large, well-balanced unit composition that caters to a broad tenant base, supporting long-term occupancy stability. Large Units. • Value-Add Opportunity: Potential to enhance revenue through interior upgrades, operational efficiencies, and improved property management practices. • Walkable, Amenity-Rich Neighborhood: Tenants benefit from a highly walkable location with immediate access to grocery stores, nightlife, cafes, and public transportation. • Prime West Hollywood North of Sunset Location: Situated in one of Los Angeles' most desirable rental markets, the property benefits from close proximity to Sunset Strip, Santa Monica Boulevard, and major lifestyle amenities including dining, retail, and entertainment. • Strong Rental Demand Submarket: West Hollywood consistently experiences high tenant demand driven by limited housing supply, walkability, and access to major employment hubs throughout the Westside and Hollywood. • Subterranean Parking • Low income restrictions for eternity: Units 105, 106, 205, 305 and 310
Market Context
This multifamily in West Hollywood, CA is listed for sale. It is offered at an approximate 4.9% 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
- Rabbie Banafsheha · (310) 909-2316 · rabbie.banafsheha@marcusmillichap.com
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