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Versailles Apartments 8811 Burton Way 78 Unit Apartment Building $49,000,000 ($628,205/Unit) 4.62% Cap Rate Los Angeles, CA 90048
INVESTMENT HIGHLIGHTS
- First time on market in over 40 years — rare West Hollywood generational offering
- Balanced unit mix: studios, 1+1s, and 2+2s serving an affluent renter base
- On-site fitness center, covered/underground parking amenities, controlled access, on-site laundry, and strong property infrastructure
- Institutional-scale 78-unit asset in one of Los Angeles’ most supply-constrained markets
- Resort-style rooftop pool and deck supporting premium tenant demand
- Strong in-place income with long-term rent durability and inflation hedge
EXECUTIVE SUMMARY
The Azzi Group of Marcus & Millichap is pleased to present 8811 Burton Way, a 78-unit, institutional-quality multifamily asset located in the heart of West Hollywood’s highly sought-after 90048 zip code, offered for the first time in over 40 years. Built in 1989, the five-story property comprises 86,448 SF of rentable space on a 27,083 SF LAR4-zoned lot, offering durable zoning and long-term operational stability in a supply-constrained rental market.
The property features a well-balanced unit mix of (8) studios, (38) 1-bedroom/1-bath units, and (32) 2-bedroom/2-bath units, catering to an affluent renter base. Many units offer balconies and strong natural light, while resort-style rooftop amenities, a fitness center, covered/underground parking, on-site laundry, and controlled access support sustained tenant demand and long-term rent durability.
Ideally located just off Beverly Boulevard, the asset benefits from exceptional walkability (Walk Score: 94) and immediate proximity to Beverly Hills, Fairfax, and Hollywood. With strong in-place income, limited new supply, and proven long-term appreciation, 8811 Burton Way represents a generational core hold opportunity for investors seeking wealth preservation and durable, inflation-hedged cash flow in one of Los Angeles’ most resilient multifamily submarkets.
The property features a well-balanced unit mix of (8) studios, (38) 1-bedroom/1-bath units, and (32) 2-bedroom/2-bath units, catering to an affluent renter base. Many units offer balconies and strong natural light, while resort-style rooftop amenities, a fitness center, covered/underground parking, on-site laundry, and controlled access support sustained tenant demand and long-term rent durability.
Ideally located just off Beverly Boulevard, the asset benefits from exceptional walkability (Walk Score: 94) and immediate proximity to Beverly Hills, Fairfax, and Hollywood. With strong in-place income, limited new supply, and proven long-term appreciation, 8811 Burton Way represents a generational core hold opportunity for investors seeking wealth preservation and durable, inflation-hedged cash flow in one of Los Angeles’ most resilient multifamily submarkets.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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 | $49,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $628,205 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 4.62% | Building Size | 86,448 SF |
| Gross Rent Multiplier | 13.31 | No. Stories | 5 |
| No. Units | 78 | Year Built/Renovated | 1989/2010 |
| Property Type | Multifamily | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR4 | ||
| Price | $49,000,000 |
| Price Per Unit | $628,205 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.31 |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.62 AC |
| Building Size | 86,448 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1989/2010 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | LAR4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Crown Molding
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Views
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Courtyard
- Fitness Center
- Laundry Facilities
- Sauna
- Spa
- Furnished Units Available
- Maid Service
- Media Center/Movie Theatre
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $2,595 | 500 |
| 1+1 | 38 | $3,073 | 750 - 800 |
| 2+2 | 32 | $4,500 | 1,200 - 1,300 |
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Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 4334-011-063 | Improvements Assessment | $12,445,922 |
| Land Assessment | $18,668,891 | Total Assessment | $31,114,813 |
PROPERTY TAXES
Parcel Number
4334-011-063
Land Assessment
$18,668,891
Improvements Assessment
$12,445,922
Total Assessment
$31,114,813
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Versailles Apartments | 8811 Burton Way
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