813 Westmount Dr - Apartments FOR SALE


West Hollywood, CA 90069
$2,850,000 USD
310-202-9166
813 Westmount Dr, West Hollywood, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/6
null | 4.61% Cap Rate

813 Westmount Dr
West Hollywood, CA 90069


OVERVIEW

813 Westmount Drive presents a 9-unit multifamily investment opportunity in prime West Hollywood, one of Southern California's most supply-constrained and high-demand rental submarkets. The offering features highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 7.69% cash-on-cash return and strong day-one leveraged cash flow. The asset generates stable in-place income at a 12.59 GRM and 4.61% cap rate, equating to approximately $316,667 per unit and $438 per square foot well below estimated replacement cost in this premier West Hollywood location.Built in 1958, the property is a classic late-1950s mid-century courtyard-style building with clean architectural lines and efficient unit layouts. Additional upside exists through interior modernization and strategic capital improvements, offering clear value-add potential while preserving the asset's architectural character.Favorable assumable financing enhances investor yield and materially reduces acquisition financing risk.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

9

PRICE/UNIT

$316,667

CAP RATE

4.61%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,735 SF

ZONING

R2

APN/PARCEL ID

4337-007-036

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.