1036 N Genesee Avenue, West Hollywood, CA 90046

Property Description

This prime West Hollywood 10-unit investment offers a compelling blend of strong in-place cash flow and significant value-add potential in one of Los Angeles's most sought-after multifamily submarkets. The stabilized asset features a healthy 5.65% in-place CAP rate with rents below market, providing a clear runway for up to 44% rental upside as remaining units are renovated and rents are strategically adjusted. A well-balanced unit mix anchored by eight highly desirable 1+1 units, complemented by one 2+2 and one 2+1supports durable occupancy, broad tenant appeal, and long-term income stability. Completed seismic retrofitting further enhances the investment profile by eliminating a major capital burden and reducing execution risk for new ownership.The property has undergone thoughtful modernization, with select units showcasing open floor plans, stainless steel appliances, in-unit washer/dryers, and contemporary finishes that position the asset at the top of its competitive set. Recent system and energy-efficient upgrades reduce future capital needs while setting the stage for premium rents as additional units are improved. Located in West Hollywood an area defined by exceptional tenant demand, limited new supply, and proximity to Beverly Hills, Hollywood, and Century City the asset benefits from consistently low vacancy and resilient rent growth, making it an attractive opportunity for both income-focused and value-add investors.