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1010 N Orange Grove Ave 8 Unit Apartment Building $2,150,000 ($268,750/Unit) 5.16% Cap Rate West Hollywood, CA 90046
INVESTMENT HIGHLIGHTS
- Rare generational asset located in one of West Hollywood’s most desirable rental submarkets!
- Walkable to both the iconic Sunset Strip and Melrose Avenue, providing tenants with immediate access to premier dining, shopping, and entertainment!
- Located in a high-demand rental market! West Hollywood offers premium rents, low vacancy, and limited supply — ensuring long-term investor stability.
- The property offers significant rental upside with in-place rents below market in a premier West Hollywood location.
- Attracts high-earning professionals working in nearby job hubs like Beverly Hills and Hollywood.
- Strict development controls protect property values and reduce competition from new inventory.
EXECUTIVE SUMMARY
1010 N Orange Grove Ave is a rare 8-unit offering in the heart of West Hollywood, one of LA’s most in-demand rental markets. With below-market rents and a solid mix of (7) 1-bed/1-bath units and (1) 2-bed/1.5-bath unit, the property offers great upside potential. It appeals to an economically stable renter base working in nearby areas like Hollywood and Beverly Hills.
The building has seen recent updates, including interior renovations and exterior improvements, cutting down on maintenance and boosting curb appeal. Just steps from the Sunset Strip and Melrose Ave, tenants enjoy walkable access to some of LA’s best dining, shopping, and nightlife—making this a strong long-term investment opportunity.
The building has seen recent updates, including interior renovations and exterior improvements, cutting down on maintenance and boosting curb appeal. Just steps from the Sunset Strip and Melrose Ave, tenants enjoy walkable access to some of LA’s best dining, shopping, and nightlife—making this a strong long-term investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $268,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.16% | Building Size | 5,319 SF |
| Gross Rent Multiplier | 11.96 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Zoning | WDR3C | ||
| Price | $2,150,000 |
| Price Per Unit | $268,750 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| Gross Rent Multiplier | 11.96 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,319 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | WDR3C |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,712 | 650 |
| 2+1.5 | 1 | $1,124 | 950 |
| Studios | 1 | $1,795 | 469 |
1 1
Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 5530-013-016 | Improvements Assessment | $212,241 (2025) |
| Land Assessment | $2,095,885 (2025) | Total Assessment | $2,308,126 (2025) |
PROPERTY TAXES
Parcel Number
5530-013-016
Land Assessment
$2,095,885 (2025)
Improvements Assessment
$212,241 (2025)
Total Assessment
$2,308,126 (2025)
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1010 N Orange Grove Ave
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