1040 N Genesee Ave 6 Unit Apartment Building $1,950,000 ($325,000/Unit) 5.78% Cap Rate West Hollywood, CA 90046

Unique Bite-Sized Value in an A-Tier Market
This rare 6-unit multifamily presents a perfect entry point for first-time buyers and seasoned investors alike — a manageable scale in one of Southern California’s most desirable rental markets. With a stabilized income stream and 27% upside potential, this is the ideal asset for both wealth creation and portfolio diversification.
Modernized Exterior + Select Interior & System Upgrades
The exterior of the building has undergone a substantial facelift, enhancing curb appeal and positioning the asset as a well-maintained investment. Inside, two of the units have been recently renovated with modern finishes, including stainless-steel appliances, updated flooring, and in-unit laundry — features that appeal to today’s renters and support premium rents. Additionally, select building systems — including portions of HVAC, plumbing, and electrical — have been upgraded, helping to reduce near-term maintenance concerns and support smoother property operations.
Strong Market Dynamics & Tenant Demand
West Hollywood features one of the highest renter-household ratios in the region — over 80% of households are renters, significantly above the Southern California regional average — underscoring persistent rental demand. Tenants here are drawn to the lifestyle and convenience of the area, including proximity to world-class dining, entertainment, and cultural hubs like the Sunset Strip and adjacent Los Angeles submarkets. Inventory remains limited and values per square mile continue to command strong pricing, supporting long-term asset appreciation.
Neighborhood & Location Premium
Situated on a serene West Hollywood street yet minutes from major activity centers, 1040 N Genesee offers access to high-demand employment hubs, vibrant retail corridors, and transit options — an unbeatable blend of urban convenience with boutique neighborhood appeal. Nearby similarly sized rental buildings regularly command strong lease rates in the market.
Tenant-Friendly Features That Enhance Occupancy
The property delivers sought-after amenities for today’s renters: assigned & covered parking, in-unit laundry (in select units), separately metered utilities, and spacious floor plans with modern finishes. These features not only improve tenant satisfaction but also reduce turnover and management friction.
High In-Place Cap Rate with Upside
Investors benefit from a strong in-place cap rate driven by stabilized rents, with clear upside through rental growth, ongoing management optimization, and market repositioning — particularly given the quality of renovations and premium unit features.