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1208 Poinsettia Dr 2 Unit Apartment Building $2,100,000 ($1,050,000/Unit) 3.90% Cap Rate West Hollywood, CA 90046



INVESTMENT HIGHLIGHTS
- Prime West Hollywood location on a quiet, tree-lined residential street
- 3-bedroom/3-bath main residence + 2-bedroom/2-bath secondary residence
- Manicured landscaping and premium outdoor space
- Beautifully renovated Spanish duplex with architectural integrity
- Significant rental upside and value-add potential
- 4 parking spaces, including 2 covered
EXECUTIVE SUMMARY
True North CRE of Compass Commercial, and Marc Hernandez of Compass, are pleased to present the exclusive opportunity to acquire 1208 Poinsettia Drive, a Spanish-style duplex located in one of West Hollywood's most desirable residential pockets. Situated on a tree-lined street the property consists of a renovated two-story 3-bedroom/3-bath residence and a charming 2-bedroom/2-bath unit, offering an exceptional owner-user opportunity with meaningful rental upside. The building encompasses approximately + 3,042 square feet on a ±5,858 square foot lot.
The property has been thoughtfully reimagined with elevated finishes and refined attention to detail. The expansive main residence spans two levels and features:
Three large en-suite bedrooms with high ceilings and generous closet space
A substantial covered terrace extending across the upper fac¸ade, plus two private balconies
Elegant Spanish architectural elements, including arched openings, casement windows, and a Batch elder-style fireplace
A formal dining room and spacious living room
A chef's kitchen with Carrera marble, stainless steel appliances, and granite counters
A flexible office/den/bedroom on the lower level
Dual-zone HVAC for year-round comfort
The second unit mirrors the charm and craftsmanship of the main home, featuring dark oak flooring, coved ceilings, a cozy living room fireplace, and an inviting kitchen with Carrera marble, stainless steel appliances, and terra-cotta tile flooring. Each unit offers in-unit laundry and central heat and air.
Site & Exterior Features
The exterior is serene and thoughtfully designed, with manicured landscaping, mature foliage, and intentional hard scape elements. The property includes parking for four vehicles, two of which are covered. The site provides exceptional privacy and a rare sense of tranquility in an urban setting.
The property has been thoughtfully reimagined with elevated finishes and refined attention to detail. The expansive main residence spans two levels and features:
Three large en-suite bedrooms with high ceilings and generous closet space
A substantial covered terrace extending across the upper fac¸ade, plus two private balconies
Elegant Spanish architectural elements, including arched openings, casement windows, and a Batch elder-style fireplace
A formal dining room and spacious living room
A chef's kitchen with Carrera marble, stainless steel appliances, and granite counters
A flexible office/den/bedroom on the lower level
Dual-zone HVAC for year-round comfort
The second unit mirrors the charm and craftsmanship of the main home, featuring dark oak flooring, coved ceilings, a cozy living room fireplace, and an inviting kitchen with Carrera marble, stainless steel appliances, and terra-cotta tile flooring. Each unit offers in-unit laundry and central heat and air.
Site & Exterior Features
The exterior is serene and thoughtfully designed, with manicured landscaping, mature foliage, and intentional hard scape elements. The property includes parking for four vehicles, two of which are covered. The site provides exceptional privacy and a rare sense of tranquility in an urban setting.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$118,800
|
$39.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$118,800
|
$39.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,840
|
$12.11
|
| Net Operating Income |
$81,960
|
$26.94
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $39.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $118,800 |
| Annual Per SF | $39.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $36,840 |
| Annual Per SF | $12.11 |
| Net Operating Income | |
|---|---|
| Annual | $81,960 |
| Annual Per SF | $26.94 |
PROPERTY FACTS
| Price | $2,100,000 | Property Subtype | Apartment |
| Price Per Unit | $1,050,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.90% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 17.68 | Building Size | 3,042 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Zoning | WDR1B* | ||
| Price | $2,100,000 |
| Price Per Unit | $1,050,000 |
| Sale Type | Investment |
| Cap Rate | 3.90% |
| Gross Rent Multiplier | 17.68 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,042 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | WDR1B* |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $4,160 | - |
| 3+3 | 1 | $5,740 | - |
1 1
Walk Score®
Walker's Paradise (92)
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1208 Poinsettia Dr
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