424-334-7011
1308 Havenhurst Dr, West Hollywood, CA for Sale
Apartments - FOR SALE
1/21
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1308 Havenhurst Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • The property offers stable in-place cash flow with significant embedded rental upside in a supply-constrained submarket.
  • Haven Villa combines an irreplaceable infill location with long-term investment fundamentals supported by strong renter demand.
  • Current in-place rents average approximately 30% below market, representing an average $795 per unit per month loss-to-lease.
  • Prime West Hollywood location-walking distance to the world famous Sunset Strip.

OVERVIEW

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire Haven Villa, a 30-unit value-add investment opportunity in the heart of West Hollywood. Haven Villa represents an exceptionally rare acquisition opportunity. Apartment communities of this scale in this premier pocket of West Hollywood rarely trade. Constructed in 1953, the property’s classic mid-century architecture and prominent corner location at Havenhurst Drive and Fountain Avenue position it as an ideal opportunity to reposition a timeless apartment community in one of Los Angeles’ most desirable rental neighborhoods. Centered around an expansive interior courtyard with a pool, the property offers 31 covered and tuck-under parking spaces, an on-site laundry facility, and efficient floor plans. Current ownership has completed several meaningful capital improvements, including a completed seismic retrofit (2020), replacement of the central boiler system, and electrical subpanel upgrades throughout every unit. While the interiors have been only lightly updated and retain much of their original mid-century character, they present investors with an exceptional opportunity to modernize the living spaces while preserving the architectural charm that defines West Hollywood’s most desirable vintage apartment communities. Situated on an approximately 30,617-square-foot corner lot, the property encompasses approximately 26,878 gross square feet and features an attractive unit mix of twenty-one (21) one-bedroom/one-bathroom units, eight (8) two-bedroom/one-bathroom units, and one (1) two-bedroom/one-and-one-half-bathroom unit. The property’s efficient layout, desirable amenities, and remaining value-add potential provide an outstanding opportunity to reposition the asset for today’s West Hollywood renter. Beyond the property’s intrinsic value, its exceptional location carries notable allure. Positioned at the highly visible corner of Havenhurst Drive and Fountain Avenue, the property benefits from outstanding curb appeal, excellent drive-by visibility, and exceptional walkability. Residents are just steps from the Sunset Strip and within walking distance of iconic destinations including Chateau Marmont, The Comedy Store, Connie & Ted’s, Sunset Plaza, Pendry West Hollywood, and Soho House West Hollywood. Additionally, the continued revitalization of the Sunset Strip through significant hospitality, retail, and mixed-use redevelopment continues to strengthen the neighborhood’s long-term appeal and demand for renovated apartment communities. Given its irreplaceable location, attractive physical attributes, and significant value-add potential, Haven Villa offers investors the rare opportunity to acquire and reposition a premier vintage apartment community within one of Los Angeles’ most coveted rental submarkets.

FOR SALE DETAILS

PRICE

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# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,614 SF

ZONING

WDR4*

APN/PARCEL ID

5554-008-007

ASK ABOUT THIS PROPERTY

Mike HanassabNorthmarqMore Info
424-334-7011

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Mike HanassabNorthmarqMore Info
424-334-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.