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939 Larrabee St 10 Unit Apartment Building $4,150,650 CAD ($415,065 CAD/Unit) 5.94% Cap Rate West Hollywood, CA 90069
Investment Highlights
- 1st Time to be Sold in Over 53 Years!
- Spacious Units Averaging Approx. 939 SF Each
- 10 Parking Spaces
- Excellent Unit Mix offering 1 & 2 Bedroom Units
- New Roof Membrane!
- *Seismic Retrofit Has Not Been Completed
Executive Summary
939 N Larrabee Ave is a 10 Unit Apartment Building built in 1961. The property is located in an A+ West Hollywood Location just north of Santa Monica Blvd and East of Doheny Dr. The property offers an excellent unit mix composed of all 1 & 2 Bedroom Units, some of which offer balconies or private patios. 1 of the units offers a townhouse style layout on 2 levels. Garage offers 10 Parking Spaces. On Site Laundry For Tenants. Entire Building Painted in 2024. New Roof Membrane! 1 Unit Delivered Vacant! *Property is on West Hollywood Seismic Retrofit Survey - Seismic Retrofit Has Not Been Completed *Buyer to verify all information
Property Facts
| Price | $4,150,650 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $415,065 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.94% | Building Size | 9,386 SF |
| Gross Rent Multiplier | 10.73 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.07/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | WDR4* - Restricted Density Multiple Dwelling | ||
| Price | $4,150,650 CAD |
| Price Per Unit | $415,065 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 10.73 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,386 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | WDR4* - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 800 |
| 2+2 | 2 | - | 1,000 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4339-018-002 | Improvements Assessment | $1,726,948 CAD |
| Land Assessment | $2,245,033 CAD | Total Assessment | $3,971,981 CAD |
Property Taxes
Parcel Number
4339-018-002
Land Assessment
$2,245,033 CAD
Improvements Assessment
$1,726,948 CAD
Total Assessment
$3,971,981 CAD
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939 Larrabee St
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