813-817 Westbourne Dr - Apartments FOR SALE


West Hollywood, CA 90069
$5,350,000 USD
310-202-9166
813-817 Westbourne Dr, West Hollywood, CA for Sale
$5,350,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

813-817 Westbourne Dr
West Hollywood, CA 90069


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

20

PRICE/UNIT

$267,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,399 SF

ZONING

R3A, West Hollywood

APN/PARCEL ID

4337-013-043

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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