1204-1206 N Clark St 4 Unit Apartment Building $2,345,000 ($586,250/Unit) West Hollywood, CA 90069



INVESTMENT HIGHLIGHTS
- Location! Location! Location! Prime West Hollywood Hills. North of Sunset Strip.
- Exceptional Investment opportunity. Yielding over 4.37%+ CAP on current income.
- Surrounded by Bird Streets, Trousedale Estates, Beverly Hills and some of the best areas Los Angeles has to offer.
- 6,718 SF R4 Zoned lot - High Density Residential Development Opportunity. Multifamily / Condos / High Density Housing.
- Generational Trophy Property. On market after 15+ Years.
- Area has multiple development projects underway.
EXECUTIVE SUMMARY
Prime West Hollywood Location! This income-producing property, located just north of Sunset Blvd (Sunset Strip), offers breathtaking views and exceptional development potential. The 6,718 SF R4-zoned lot features four fully occupied units, including a mix of 2+2+Den, 2+1.5, 1+1+Den, and 1+1. The front 2-bed + 2-bath unit with den/bonus room is ideal for an owner-user, offering a large front patio, rear balcony, in-unit laundry, central HVAC, spacious kitchen, and city views. With month-to-month tenants, the property provides stable rental income while offering future redevelopment opportunities.
The property is surrounded by multimillion-dollar homes and sits in one of West Hollywood’s most desirable neighborhoods, just below the coveted Bird Streets and Trousdale Estates, known for their luxurious estates valued in the tens of millions. The location offers easy access to the best of West Hollywood and Beverly Hills, including world-renowned destinations like Soho House, The Roxy, The Viper Room, Chateau Marmont, The Comedy Store, and exclusive hotels like 1 Hotel West Hollywood, Pendry Hotel, and The Edition.
With its R4 zoning, this property offers significant redevelopment potential, whether for luxury condos, high-end townhomes, or multifamily apartments. The lot’s expansive size and prime location, combined with stunning city views, make this an ideal opportunity for a developer looking to capitalize on one of Los Angeles' hottest areas. West Hollywood is experiencing rapid growth and transformation, with the Sunset Strip emerging as a hub for high-end developments. The area is in high demand due to its vibrant culture, entertainment, and proximity to top dining, nightlife, and upscale shopping.
This is a rare chance to acquire a prime asset in one of the most sought-after locations in Los Angeles, offering long-term value and the potential for significant appreciation.
The property is surrounded by multimillion-dollar homes and sits in one of West Hollywood’s most desirable neighborhoods, just below the coveted Bird Streets and Trousdale Estates, known for their luxurious estates valued in the tens of millions. The location offers easy access to the best of West Hollywood and Beverly Hills, including world-renowned destinations like Soho House, The Roxy, The Viper Room, Chateau Marmont, The Comedy Store, and exclusive hotels like 1 Hotel West Hollywood, Pendry Hotel, and The Edition.
With its R4 zoning, this property offers significant redevelopment potential, whether for luxury condos, high-end townhomes, or multifamily apartments. The lot’s expansive size and prime location, combined with stunning city views, make this an ideal opportunity for a developer looking to capitalize on one of Los Angeles' hottest areas. West Hollywood is experiencing rapid growth and transformation, with the Sunset Strip emerging as a hub for high-end developments. The area is in high demand due to its vibrant culture, entertainment, and proximity to top dining, nightlife, and upscale shopping.
This is a rare chance to acquire a prime asset in one of the most sought-after locations in Los Angeles, offering long-term value and the potential for significant appreciation.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$145,620
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$42.96
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Other Income |
-
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-
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Vacancy Loss |
$4,369
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$1.29
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Effective Gross Income |
$141,251
![]() |
$41.67
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Taxes |
$28,140
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$8.30
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Operating Expenses |
$10,743
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$3.17
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Total Expenses |
$38,883
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$11.47
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Net Operating Income |
$102,368
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$30.20
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PROPERTY FACTS
Price | $2,345,000 |
Price Per Unit | $586,250 |
Sale Type | Investment |
Sale Condition | 1031 Exchange |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.15 AC |
Building Size | 3,390 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1928 |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Views
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+2 | 1 | $4,635 | - |
2+1.5 | 1 | $3,448 | - |
1+1 | 2 | $2,026 | - |
1 of 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
Parcel Number | 5560-023-032 | Total Assessment | $1,547,229 |
Land Assessment | $1,228,032 | Annual Taxes | $28,140 ($8.30/SF) |
Improvements Assessment | $319,197 | Tax Year | 2024 Payable 2024 |
ZONING
Zoning Code | WDR4 (R4 - High Density Multifamily Housing & Condos.) |