thank you
Your email has been sent!
1123 N Genesee Ave 3 Unit Apartment Building $1,575,000 ($525,000/Unit) 4.03% Cap Rate West Hollywood, CA 90046
INVESTMENT HIGHLIGHTS
- PRIME WEST HOLLYWOOD LOCATION – SITUATED IN ONE OF THE COUNTRIES MOST SOUGHT-AFTER RENTAL MARKETS
- THREE-BEDROOM/TWO-BATHROOM SINGLE-FAMILY HOME WITH PRIVATE FRONT YARD AND BACKYARD ON THE LOT
- SECURE AND GATED ACCESS TO THE PROPERTY
- IDEAL INVESTMENT OPPORTUNITY AND FOR OWNER-USER
- SIGNIFICANT UPSIDE IN RENTS AND VALUE-ADD OPPORTUNITY FOR A TROPHY LOCATION
- WALKING DISTANCE FROM SANTA MONICA BLVD, WITH TONS OF NEW RETAIL AND TRENDY SHOPS IN THE PROXIMITY. THE PROPERTY BOASTS A INCREDIBLY HIGH 95 WALK SCOR
EXECUTIVE SUMMARY
Sean Nami is proud to present 1123 North Genessee Avenue, a three-unit property located in the heart of West Hollywood. This multifamily community offers an exceptional investment opportunity in one of the nation’s most sought-after rental markets. The property includes a spacious three-bedroom, two-bathroom single-family home with a private front yard, with an additional two apartment units on the lot, making it ideal for both investors looking for a trophy location investment and potential owner-users. The apartment units also feature a terrific unit mix of a two-bedroom unit, and a one-bedroom unit. With secure, gated access, this residence ensures privacy and safety. The offering also presents significant upside potential through rental increases and value-add enhancements. Situated just steps from Santa Monica Boulevard, the property is surrounded by a vibrant mix of new retail stores, active nightlife, and trendy shops, contributing to its impressive 95 Walk Score—designated as a “Walker’s Paradise.” Residents enjoy unparalleled convenience, with an array of dining, shopping, and entertainment options within walking distance, making this a highly desirable location for tenants and homeowners alike
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,576
|
$37.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,897
|
$1.11
|
| Effective Gross Income |
$93,679
|
$35.89
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$30,235
|
$11.58
|
| Net Operating Income |
$63,444
|
$24.31
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $96,576 |
| Annual Per SF | $37.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,897 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $93,679 |
| Annual Per SF | $35.89 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $30,235 |
| Annual Per SF | $11.58 |
| Net Operating Income | |
|---|---|
| Annual | $63,444 |
| Annual Per SF | $24.31 |
PROPERTY FACTS
| Price | $1,575,000 | Property Subtype | Apartment |
| Price Per Unit | $525,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,610 SF |
| Cap Rate | 4.03% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1958 |
| Property Type | Multifamily |
| Price | $1,575,000 |
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 4.03% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.11 AC |
| Building Size | 2,610 SF |
| No. Stories | 1 |
| Year Built | 1958 |
1 of 1
Walk Score®
Walker's Paradise (95)
ZONING
| Zoning Code | WDR2* |
| WDR2* |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1123 N Genesee Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.