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$ 6,850,000
Est. payment /mo
Active
816 Westmount DR West Hollywood, CA 90069
36 Beds
37 Baths
22,800 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 22,800 sqft
Price per Sqft $300
MLS Listing ID 26653679
Bedrooms 36
HOA Y/N No
Year Built 1973
Lot Size 0.264 Acres
Property Description
816 Westmount Drive presents an 18-unit multifamily investment opportunity in a highly desirable West Hollywood location. The offering features 2.69% interest-only assumable financing through December 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.73%. The property generates solid in-place income at a 12.22 GRM and 4.57% cap rate, equating to approximately $380,556 per unit and $300 per square foot.A large storage space of approx. 680 square feet can be converted to a ADU. Seller has preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.Built in 1973, the asset is a well-scaled 1970s multifamily property with practical design, efficient unit layouts, and strong operational fundamentals. The larger unit count offers meaningful economies of scale and the opportunity to implement a strategic renovation program to drive rental repositioning and long-term NOI growth. Favorable assumable financing enhances investor yield and mitigates acquisition financing risk, positioning the property as a compelling value-add opportunity within one of Los Angeles County's most supply-constrained rental submarkets.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR2*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Gated
Total Parking Spaces 22
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4337005060
Special Listing Condition Standard
Virtual Tour https://drive.google.com/drive/folders/1a3sQFNCdOy4kThDlhHhljAshIFgo2xvT?usp=drive_link
Listed by David Miller Miller & Desatnik Realty Co. #02105346
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