Property listed by Miller & Desatnik Realty Co., David Miller 310-202-9166
$2,850,000
813 Westmount Drive presents a 9-unit multifamily investment opportunity in prime West Hollywood, one of Southern California's most supply-constrained and high-demand rental submarkets. The offering features highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 7.69% cash-on-cash return and strong day-one leveraged cash flow. The asset generates… Read More stable in-place income at a 12.59 GRM and 4.61% cap rate, equating to approximately $316,667 per unit and $438 per square foot well below estimated replacement cost in this premier West Hollywood location.Built in 1958, the property is a classic late-1950s mid-century courtyard-style building with clean architectural lines and efficient unit layouts. Additional upside exists through interior modernization and strategic capital improvements, offering clear value-add potential while preserving the asset's architectural character.Favorable assumable financing enhances investor yield and materially reduces acquisition financing risk. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
9
Square Ft.
6,504
Lot Size
0.15 Acres
Year Built
1958
MLS Number
26653695
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1958, Living area: 6504.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $226,368, Net Operating Income: $131,490
Lot
0.1546 acres
Parking
4 total parking spaces, None
Taxes
Parcel Number: 4337007036, Zoning: WDR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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