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1203 N Kings Rd 30 Unit Apartment Building $14,865,165 CAD ($495,505 CAD/Unit) 2.26% Cap Rate West Hollywood, CA 90069
Executive Summary
1203 N Kings Rd presents an attractive multifamily investment opportunity in prime West Hollywood, one of Los Angeles’ most desirable and supply-constrained rental markets. The property offers stable in-place income with potential for future rent growth, supported by its central location near major retail, dining, and employment hubs. Positioned in a high-demand submarket with strong long-term fundamentals, the asset is well-suited for investors seeking a combination of durability, cash flow, and appreciation potential.
Property Facts
| Price | $14,865,165 CAD | Property Subtype | Apartment |
| Price Per Unit | $495,505 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.26% | Lot Size | 0.43 AC |
| Gross Rent Multiplier | 10.81 | Building Size | 38,570 SF |
| No. Units | 30 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1967 |
| Zoning | R4 - R4 zoning supports high-density multifamily residential development in a prime W. Hollywood location aligned with the area’s established apartment use | ||
| Price | $14,865,165 CAD |
| Price Per Unit | $495,505 CAD |
| Sale Type | Investment |
| Cap Rate | 2.26% |
| Gross Rent Multiplier | 10.81 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 38,570 SF |
| No. Stories | 3 |
| Year Built | 1967 |
| Zoning | R4 - R4 zoning supports high-density multifamily residential development in a prime W. Hollywood location aligned with the area’s established apartment use |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 620 - 651 |
| 1+1 | 15 | - | 980 |
| 2+2 | 10 | - | 1,498 |
| 3+2 | 2 | - | 1,820 |
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5554-026-041 | Improvements Assessment | $5,962,528 CAD |
| Land Assessment | $10,369,623 CAD | Total Assessment | $16,332,150 CAD |
Property Taxes
Parcel Number
5554-026-041
Land Assessment
$10,369,623 CAD
Improvements Assessment
$5,962,528 CAD
Total Assessment
$16,332,150 CAD
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1203 N Kings Rd
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