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33424874
33424875

1218 POINSETTIA DR, WEST HOLLYWOOD, CA 90046

MS
CA 01911703
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,095,000
25 days on market
Updated 25 days ago

1218 Poinsettia Drive West Hollywood CA 90046

Details
APN 5531-006-015
Property Type Multifamily
Square Footage 1,782
Net Rentable (SqFt) 1,782
Units 2
Cap Rate 2.25%
NOI $24,622
Occupancy 50%
Pro-Forma Cap Rate 3.19%
Pro-Forma NOI $34,881
Price per SqFt $614
Year Built 1923
Year Renovated 1923
Buildings 1
Lot Size (SqFt) 5,853
Zoning WDR1B

Multifamily | 2 Units | $547,500/unit

Marketing description

The Sterman Multifamily Group of Marcus & Millichap and The Kamara Multifamily Group of Lyon Stahl are pleased to present 1216–1218 Poinsettia Drive, a two-unit apartment property located in the highly sought-after West Hollywood submarket. Constructed in 1923, the property is situated on an approximately 5,853 square foot lot and offers roughly 1,782 square feet of rentable space. The unit mix consists of two (2) one-bedroom/one-bath units, providing an efficient layout that caters to strong renter demand in this premier location.

1216–1218 Poinsettia Drive benefits from its prime positioning within West Hollywood, offering immediate access to some of the area’s most notable dining, retail, and entertainment destinations. The property is conveniently located near major thoroughfares, providing connectivity to Beverly Hills, Hollywood, and the greater Los Angeles region. The surrounding neighborhood continues to attract consistent tenant demand due to its walkability, vibrant lifestyle amenities, and proximity to key employment hubs.

The property presents a compelling opportunity for investors seeking a boutique, well-located multifamily asset in one of Los Angeles’ most desirable rental markets. With its classic architecture, irreplaceable location, and strong long-term fundamentals, 1216–1218 Poinsettia Drive offers both stability and upside potential in a high-barrier-to-entry submarket.

Investment highlights

  • West Hollywood location
  • Approximately 1,782 square feet of rentable area situated on a 5,853 square foot lot
  • Unit mix consisting of (2) one-bedroom/one-bath units
  • One Unit Delivered Vacant
  • Detached Garages for ADU Opportunity
  • Convenient connectivity to major employment hubs, including Beverly Hills, Hollywood, and Downtown Los Angeles
  • Excellent freeway access to the US-101 and I-10, allowing efficient connectivity to Hollywood, Beverly Hills, Downtown Los Angeles, and key Westside employment hubs

Listing Contacts

MS
CA 01911703
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$24,622.00
$2,051.83/mo

Valuation Metrics

0
DSCR
2.25%
Cap Rate
2.25%
ROI

Map

Zoning

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R1B ResidentialTwo FamilySingle Or Two Unit Low Density Family Residential
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Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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