1030 North Orange Grove 1030 N Orange Grove Ave 27 Unit Apartment Building $13,892,350 CAD ($514,531 CAD/Unit) 4.58% Cap Rate Los Angeles, CA 90046
INVESTMENT HIGHLIGHTS
- Attractive in-place financing that can be assumed (4.48% fixed through November 2029, 53% LTV).
- Offers investors the opportunity to increase rental income by approximately 45% on average post renovation.
- Mid-size apartment communities in West Hollywood rarely become available for purchase.
- Located in West Hollywood, one of the most desirable multifamily markets in Southern California
- Only one block from a popular stretch of Santa Monica Boulevard with countless restaurants, coffee shops, and boutique shopping.
- With a 97 walk score, 1030 North Orange Grove is a walker’s paradise – daily errands do not require a car.
EXECUTIVE SUMMARY
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1030 North Orange Grove, a 27-unit apartment building located near the corner of Fairfax Avenue and Santa Monica Boulevard in West Hollywood.
1030 North Orange Grove Apartments represents an excellent buying opportunity given its attractive assumable financing (4.48% fixed through November 2029, 53% LTV), 45% upside in rental income post renovation, and prime location in West Hollywood—within walking distance of the countless restaurants, coffee shops, boutique shopping, and nightlife located along Santa Monica Boulevard.
Consisting of one three-story building over on-grade parking structure situated on a 13,260 square foot parcel, the property features 27 units including an excellent mix of 600-650 square foot one-bedrooms and 950 square foot two-bedrooms. 1030 North Orange Grove Apartments features controlled access entry, an open-air central courtyard, a small entry lobby, 31 gated garage parking spaces, one elevator, and on-site laundry. While the property has been well maintained by current ownership, 1030 North Orange Grove Apartments is ideally positioned for a renovation plan given the demand for luxury finishes and appointments created by the strong area demographics and the desire of residents to be within walking distance of everyday amenities.
Given the property’s superb West Hollywood location and significant value-add component, 1030 North Orange Grove is well suited to provide investors with healthy returns and long-term appreciation.
1030 North Orange Grove Apartments represents an excellent buying opportunity given its attractive assumable financing (4.48% fixed through November 2029, 53% LTV), 45% upside in rental income post renovation, and prime location in West Hollywood—within walking distance of the countless restaurants, coffee shops, boutique shopping, and nightlife located along Santa Monica Boulevard.
Consisting of one three-story building over on-grade parking structure situated on a 13,260 square foot parcel, the property features 27 units including an excellent mix of 600-650 square foot one-bedrooms and 950 square foot two-bedrooms. 1030 North Orange Grove Apartments features controlled access entry, an open-air central courtyard, a small entry lobby, 31 gated garage parking spaces, one elevator, and on-site laundry. While the property has been well maintained by current ownership, 1030 North Orange Grove Apartments is ideally positioned for a renovation plan given the demand for luxury finishes and appointments created by the strong area demographics and the desire of residents to be within walking distance of everyday amenities.
Given the property’s superb West Hollywood location and significant value-add component, 1030 North Orange Grove is well suited to provide investors with healthy returns and long-term appreciation.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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
|
PROPERTY FACTS
| Price | $13,892,350 CAD |
| Price Per Unit | $514,531 CAD |
| Sale Type | Investment |
| Cap Rate | 4.58% |
| Gross Rent Multiplier | 13.73 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 24,543 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.34/1,000 SF |
UNIT AMENITIES
- Balcony
- Cable Ready
- Ceiling Fans
- Hardwood Floors
- Refrigerator
- Views
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 650 |
| 2+2 | 12 | - | 950 |
1 of 1
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 5530-013-013 | Improvements Assessment | $5,352,886 CAD (2024) |
| Land Assessment | $8,029,332 CAD (2024) | Total Assessment | $13,382,218 CAD (2024) |
ZONING
| Zoning Code | WDR3C* |
