813 Westmount Dr 9BR Sunset Strip La
| Website: | https://www.nestseekers.com/5329984 |
|---|---|
| Address: | 813 Westmount Dr WEST HOLLYWOOD, CA 90069 |
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 9 BR |
| Bathrooms: | 9 |
| Area: | 6735 sq ft |
| Lot Size: | 0.2 Acres |
Financials
Price:$2,850,000
Description
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 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.
271 North Canon Drive Beverly Hills, CA 90210 Phone: +1 310-280-8983 Fax: +1 310-362-0351 | |
| Listing Courtesy of Miller & Desatnik Realty Co. | |