1429 Havenhurst Dr - Apartments FOR SALE


West Hollywood, CA 90046
$4,900,000 USD
310-849-8151
1429 Havenhurst Dr, West Hollywood, CA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/18
null | 5.45% Cap Rate

1429 Havenhurst Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • 18 Units Steps to Chateau Marmont, Beautiful Street Presence, Huge 15,000+ SF Lot
  • Trophy West Hollywood Location Steps from the Sunset Strip Located in the heart of West Hollywood near Sunset Strip and Santa Monica Boulevard
  • Core Asset with Rental Upside Potential Strong in-place income with the opportunity to increase rents through continued interior upgrades
  • High Barrier-to-Entry Submarket Supporting Long-Term Appreciation & Cash Flow Day 1
  • Ideal Wealth Preservation Investment in Prime Infill Location

OVERVIEW

1429 N. Havenhurst Drive presents the rare opportunity to acquire an exceptionally well-maintained 18-unit apartment community in one of Southern California's most sought-after rental markets. Ideally situated just moments from the iconic Sunset Strip, the property offers investors the opportunity to acquire a stabilized asset with significant upside in an irreplaceable West Hollywood location. Positioned on a 15,000+ square foot WDR4-zoned lot, the property is 100% occupied and features an attractive mix of spacious one- and two-bedroom residences. Current ownership has invested substantial capital into the asset, including renovated interiors, new dual-pane windows, seismic retrofit work, and central air and heat throughout, creating a turnkey investment with minimal deferred maintenance. Despite its strong in-place performance, the property still offers over 35% rental upside, providing investors with a clear path to increased cash flow through continued rent growth. Additionally, the oversized lot may offer the opportunity to construct up to seven ADUs (Buyer to Verify), creating meaningful long-term value beyond the existing improvements. Located in the heart of West Hollywood, residents enjoy immediate access to the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, Beverly Grove, and Beverly Hills. The surrounding neighborhood is home to some of Los Angeles' finest restaurants, luxury retail, entertainment venues, fitness studios, and major employment centers, supporting consistently strong rental demand and long-term appreciation. With its premier location, proven occupancy history, quality improvements, and substantial value-add potential, 1429 N. Havenhurst Drive represents an exceptional opportunity for investors seeking a high-quality multifamily asset in one of Los Angeles' most supply-constrained and desirable submarkets. Investment Highlights Premier West Hollywood location just south of the Sunset Strip 18-unit apartment community on a 15,000+ SF WDR4-zoned lot 100% occupied with strong in-place cash flow More than 35% rental upside Potential to add up to 7 ADUs (Buyer to Verify) Renovated unit interiors New dual-pane windows Seismic retrofit completed Central air conditioning and heating throughout Walking distance to Sunset Boulevard, Santa Monica Boulevard, Melrose Avenue, restaurants, nightlife, shopping, and entertainment Excellent long-term appreciation potential in one of Los Angeles' most desirable multifamily investment markets

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

18

PRICE/UNIT

$272,222

CAP RATE

5.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18-Unit Weho Trophy Asset- 5.45% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,436 SF

ZONING

R4, West Hollywood

APN/PARCEL ID

5554-018-011

ASK ABOUT THIS PROPERTY

Dana BrodyMarcus & MillichapMore Info
310-849-8151

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Dana BrodyMarcus & MillichapMore Info
310-849-8151

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