904 N Spaulding Ave — Sale in West Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Hollywood, CA 90046

Photos

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Investment Figures

Cap rate
5.22%

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 904 N Spaulding Avenue, an eight-unit multifamily property located just south of Santa Monica Boulevard in the highly sought-after West Hollywood market. Built in 1957, the property offers approximately ±5,132 rentable square feet on a ±6,421-square-foot lot and features an attractive unit mix of (1) studio, (6) one-bedroom/one-bathroom units, and (1) two-bedroom/one-and-a-half-bathroom unit. The property is offered at a 5.22% cap rate with over 37% rental upside, providing attractive day-one cash flow with the opportunity to achieve an 8.03% stabilized cap rate based on projected market rents. The property also features six on-site parking spaces located at the rear, which may provide potential for future ADU development and the opportunity to add additional units (Buyer to Verify). Optional Seller Financing — Seller financing is available with 50% down, providing buyers with additional flexibility when structuring the acquisition. Seller financing is optional and is not a required condition of the sale. Located in the heart of West Hollywood, the property offers convenient access to major employment centers, dining, shopping, nightlife, and entertainment throughout West Hollywood, Beverly Hills, Hollywood, and the greater Los Angeles area. With strong in-place cash flow, significant rental upside, flexible seller financing, and potential ADU opportunities, 904 N Spaulding Avenue presents a compelling value-add investment opportunity. Investment Highlights: • SELLER FINANCING AVAILABLE: Seller financing is available with 50% down as an optional financing structure and is not required as a condition of the sale. • 5.22% CAP RATE | 8.03% STABILIZED CAP RATE: Attractive day-one cash flow with over 37% rental upside and the potential to achieve an 8.03% cap rate at projected market rents. • EIGHT UNITS | ±5,132 RENTABLE SF: Features approximately ±5,132 square feet of rentable space with (1) Studio, (6) 1 Bedroom/1 Bath, and (1

Market Context

This multifamily in West Hollywood, CA is listed for sale. It is offered at an approximate 5.2% 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.

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