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Marcus & Millichap closes $7.98 million sale of West Hollywood multifamily

The 30-unit building at 1203 N. Kings Road sold for $266,000 per unit, with room for renovations and operational upgrades.

Reported · Written up by our desk · Residential

Marcus & Millichap has closed the sale of 1203 N. Kings Road, a 30-unit multifamily property in West Hollywood. The deal value was $7.98 million, which works out to $266,000 per unit, according to ConnectCRE.

ConnectCRE said the buyer viewed the asset as a value-add opportunity. The investment case centers on renovating vacant units and improving operations to enhance the property’s long-term cash flow, per the outlet.

ConnectCRE attributed the listing and transaction work to the Azzi Group in Marcus & Millichap’s Los Angeles office. Tony Azzi and Rabbie Banafsheha had the exclusive listing to market the property for the seller, while Azzi, Banafsheha, Arteen Zahiri, and Ian Habbestad procured the buyer.

ConnectCRE also pointed to ongoing rental demand in West Hollywood, citing limited housing supply, walkability, and access to major employment and lifestyle destinations across Los Angeles.

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