Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 24 BR |
| Bathrooms: | 20 |
| Area: | 13399 sq ft |
| Lot Size: | 0.3 Acres |
Financials
Price:$5,350,000
Listing Courtesy of Miller & Desatnik Realty Co.
813 Westbourne Dr 24BR Sunset Strip La
Description
20-unit multifamily investment located in prime West Hollywood. The property features 2.69% interest-only assumable financing through December 2030, offering strong leveraged cash flow. The property offers strong in-place income with an approx. cash on cash return above 7.17%, a 12.50 GRM and 4.54% cap rate, equating to approximately $267,500 per unit and $350 per square foot. Built in 1957, the 15,288 SF building sits on a 13,399 SF WDR3A-zoned lot and consists entirely of one-bedroom, one-bath units a consistently strong-performing unit type in this supply-constrained submarket. The mid-century courtyard layout provides rental appeal with value-add potential through interior renovations. Assumable financing enhances returns and mitigates exposure to current debt market volatility.
Neighborhood
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.