1429 Havenhurst Dr - Apartments FOR SALE


West Hollywood, CA 90046
$6,000,000 USD
310-849-8151
1429 Havenhurst Dr, West Hollywood, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1429 Havenhurst Dr
West Hollywood, CA 90046


HIGHLIGHTS

  • 2.76% Interest-Only Assumable Financing – Massive Cash Flow Advantage Rare opportunity to acquire an 18-unit asset with sub-3% interest-only debt
  • 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 with Embedded Financing Arbitrage - Combination of prime infill location and below-market assumable financing
  • Lock in 2.76% IO financing while competitors are forced to underwrite deals at significantly higher interest rates, an immediate competitive advantage

OVERVIEW

The Brody Group of Marcus & Millichap is pleased to present 1429 N. Havenhurst Drive, an exceptional 18-unit multifamily investment opportunity located in the heart of prime West Hollywood. Offered at $6,000,000, the property features a rare 2.76% interest-only assumable loan, providing investors with a significant financing advantage in today’s elevated interest rate environment. Built in 1949, the asset offers approximately 13,824 square feet and benefits from strong in-place income with additional rental upside potential. Situated just moments from the iconic Sunset Strip and Santa Monica Boulevard, the property is positioned within one of the most supply-constrained and high-demand rental markets in Southern California. West Hollywood continues to attract high-income residents driven by entertainment, media, design, and hospitality employment sectors, supporting long-term rent growth and asset appreciation. With an asking price of approximately $333,333 per unit and in-place financing significantly below current market rates, 1429 N. Havenhurst offers investors the opportunity to acquire a core infill asset with both income stability and long-term upside potential. 1. 2.76% Interest-Only Assumable Loan – Financing Advantage That May Not Exist Again Acquire an 18-unit West Hollywood asset with sub-3% interest-only debt, dramatically outperforming deals financed at today’s 6%+ rates. Immediate payment arbitrage and superior long-term leverage. 2. Trophy West Hollywood Address Steps from the Sunset Strip Located in the heart of West Hollywood near Sunset Strip and Santa Monica Boulevard — one of the most globally recognized and supply-constrained rental markets in Southern California. 3. Buy Today Using Yesterday’s Cost of Capital Lock in 2.76% IO financing while competitors are forced to underwrite deals at significantly higher interest rates, creating an immediate competitive edge and stronger cash flow profile. 4. Core West Hollywood Asset with Proven Rent Growth Fundamentals High-income renter demographics, walkable lifestyle positioning, and limited new supply support long-term rent growth and appreciation potential. 5. Rare Opportunity to Acquire Prime Infill Real Estate with Embedded Financial Arbitrage Combination of irreplaceable location and below-market assumable financing creates a strategic acquisition opportunity ideal for investors seeking yield, inflation protection, and long-term value creation.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

18

PRICE/UNIT

$333,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime WeHo | 18 Units | 2.76% Assumable Loan

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.