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939 Palm Ave
West Hollywood, CA 90069
La Elle Apartments · Multifamily Property For Sale
·
41 Units
Executive Summary
Cosmopolitan Apartments at 939 Palm Ave presents a prime multifamily investment opportunity in the heart of West Hollywood, one of Los Angeles’ most supply-constrained and high-demand rental markets. The property offers stable in-place income with potential for future rent growth, supported by its strong location near Santa Monica Boulevard and proximity to premier retail, dining, and employment centers. This asset is well-positioned for investors seeking a long-term hold in a highly desirable infill submarket with consistent tenant demand and favorable underlying fundamentals.
Property Facts
| Price Per Unit | $512,195 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 2.65% | Lot Size | 0.69 AC |
| Gross Rent Multiplier | 14.72 | Building Size | 54,451 SF |
| No. Units | 41 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1990 |
| Zoning | WDR4 | ||
| Price Per Unit | $512,195 |
| Sale Type | Investment |
| Cap Rate | 2.65% |
| Gross Rent Multiplier | 14.72 |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.69 AC |
| Building Size | 54,451 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1990 |
| Zoning | WDR4 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- High Speed Internet Access
- Refrigerator
- Views
- Wi-Fi
- Deck
- Patio
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 1,350 |
| 2+2 | 30 | - | 1,250 |
| 3+3 | 1 | - | - |
| 3+3.5 | 1 | - | 1,300 |
| 4+3 | 1 | - | - |
Property Taxes
| Parcel Number | 4339-014-026 | Improvements Assessment | $10,115,822 |
| Land Assessment | $11,032,769 | Total Assessment | $21,148,591 |
Property Taxes
Parcel Number
4339-014-026
Land Assessment
$11,032,769
Improvements Assessment
$10,115,822
Total Assessment
$21,148,591
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