1429 N. HAVENHURST DRIVE | 18 UNITS IN PRIME WEST HOLLYWOOD 18 Units | $4,700,000 | $261,000/Unit | $339/SF | 5.5% In-Place Cap | 15,200+ SF Lot 1429 N. Havenhurst Drive presents a rare opportunity to acquire an exceptionally well-maintained 18-unit multifamily apartment community in one of Southern California's most desirable and supply-constrained rental markets. Ideally positioned just south of the iconic Sunset Strip and steps from the world-famous Chateau Marmont, the property offers investors an exceptional combination of stabilized in-place income, significant rental upside, completed capital improvements and long-term land value in a location that continues to attract substantial residential, retail, restaurant, hospitality and mixed-use investment. Offered at $4,700,000, the property represents an exceptionally attractive basis of approximately $261,000 per unit and just $339 per square foot, while generating a solid 5.5% in-place cap rate. Pricing at this level is exceptionally difficult to replicate for a well-maintained, 18-unit multifamily asset in such a prime West Hollywood location—particularly one positioned within steps of the Chateau Marmont, Sunset Boulevard and the heart of the Sunset Strip. Situated on a 15,000+ SF 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, brand-new dual-pane windows throughout, completed seismic retrofit work, and central air conditioning and heating, creating a well-maintained investment with substantially reduced near-term capital requirements. SIGNIFICANT VALUE-ADD AND DEVELOPMENT POTENTIAL Despite strong in-place performance, the property offers more than 35% rental upside, providing a clear path toward increased NOI through continued interior renovations, strategic unit turns and rental-rate optimization. The property's oversized lot also presents additional long-term optionality. Based on preliminary analysis, the property may have the potential to accommodate up to seven ADUs, potentially increasing the unit count by nearly 40%. Buyer to independently verify all zoning, density, ADU eligibility, development potential, square footage and applicable requirements with the appropriate governmental agencies. A LOCATION AT THE CENTER OF WEST HOLLYWOOD'S CONTINUED EVOLUTION 1429 Havenhurst is positioned within the broader Sunset Strip / West Hollywood / Beverly Hills corridor, one of Los Angeles' most established lifestyle and investment destinations. The surrounding area continues to attract substantial investment in new housing, retail, restaurants, hospitality and entertainment. The City of West Hollywood's Sunset Specific Plan encourages continued investment and responsible development along Sunset Boulevard, with expanded development opportunities in designated areas of the corridor. Sunset Boulevard remains one of Southern California's premier commercial and entertainment destinations. (weho.org) Among the most significant projects is the proposed 9034 Sunset Boulevard development, which would introduce approximately 198 residential apartments, including 35 affordable units, approximately 9,250 SF of office space, 1,800 SF of restaurant space and 2,840 SF of retail, together with subterranean parking. The project represents a significant new investment in the residential, retail and dining ecosystem along the Sunset corridor. (weho.org) Additional development throughout West Hollywood includes the proposed 8760 Shoreham Drive, a 22-unit multifamily development north of Sunset, and the proposed 1134–1138 N. La Brea Avenue, a 49-unit mixed-use development with ground-floor commercial space. (weho.org) BEVERLY HILLS AND BROADER WESTSIDE INVESTMENT The property's proximity to Beverly Hills further strengthens its investment profile. Beverly Hills continues to experience significant residential and mixed-use development, including the proposed 8300 Wilshire Boulevard, a 34-story project with 211 residential units, and 9220 N. Santa Monica Boulevard, a proposed development with 217 residential units and approximately 2,585 SF of ground-floor restaurant space. (beverlyhills.org) Additional residential projects throughout Beverly Hills and the surrounding Westside are expanding the area's housing, retail, dining and hospitality offerings, reinforcing the broader corridor's status as one of Los Angeles' premier live-work-play environments. IRREPLACEABLE LIFESTYLE LOCATION Residents enjoy immediate access to Sunset Boulevard, the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, Beverly Grove and Beverly Hills, placing some of Los Angeles' finest restaurants, luxury retail, nightlife, entertainment and fitness destinations within minutes. The property's proximity to the Chateau Marmont is particularly notable. Few multifamily assets offer the ability to own an 18-unit apartment community steps from one of the world's most recognizable hospitality landmarks and in the immediate orbit of the Sunset Strip. The location also provides convenient access to major employment centers serving the entertainment, media, technology, design, healthcare and professional-services industries, supporting a deep pool of affluent renters seeking proximity to both employment and lifestyle amenities. INVESTMENT HIGHLIGHTS EXCLUSIVELY OFFERED AT $4,700,000 18 UNITS | $261,000 PER UNIT $339 PER SQUARE FOOT 5.5% IN-PLACE CAP RATE 100% OCCUPIED 15,000+ SF WDR4-ZONED LOT MORE THAN 35% RENTAL UPSIDE POTENTIAL FOR UP TO 7 ADUs — BUYER TO VERIFY STEPS FROM CHATEAU MARMONT AND SUNSET BOULEVARD RENOVATED UNIT INTERIORS BRAND-NEW DUAL-PANE WINDOWS THROUGHOUT COMPLETED SEISMIC RETROFIT CENTRAL AIR CONDITIONING AND HEATING SIGNIFICANT CAPITAL IMPROVEMENTS COMPLETED STRONG IN-PLACE CASH FLOW SUBSTANTIAL LONG-TERM NOI GROWTH POTENTIAL SURROUNDED BY CONTINUED RESIDENTIAL, RETAIL, RESTAURANT AND HOSPITALITY INVESTMENT MINUTES FROM BEVERLY HILLS, BEVERLY GROVE AND MAJOR WESTSIDE EMPLOYMENT CENTERS At $4.7 million, 1429 N. Havenhurst provides investors with an unusually attractive basis for an 18-unit multifamily asset in this caliber of location: approximately $261,000 per unit and $339 per square foot, while producing a solid 5.5% in-place cap rate. For a well-maintained, fully occupied multifamily asset steps from the Chateau Marmont and the Sunset Strip, pricing at this basis is exceptionally difficult to replicate. Combined with 35%+ rental upside, completed capital improvements, a 15,000+ SF lot and potential for up to seven additional ADUs, the property offers multiple avenues for future NOI growth and long-term value creation. Few multifamily opportunities provide this combination of scale, current yield, attractive basis, land value, rental upside and irreplaceable location.