$ 6,850,000
-
$6,850,000
Price -
2
Bed -
2
Bath -
22,800
SqFt
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About the Listing CLW-L02710 - CLW-C133782,CLW-L09938
816 Westmount Drive presents an 18-unit multifamily investment opportunity in a highly desirable West Hollywood location. The offering features 2.69% interest-only assumable financing through December 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.73%. The property generates solid in-place income at a 12.22 GRM and 4.57% cap rate, equating to approximately $380,556 per unit and $300 per square foot.A large storage space of approx. 680 square feet can be converted to a ADU. Seller has preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.Built in 1973, the asset is a well-scaled 1970s multifamily property with practical design, efficient unit layouts, and strong operational fundamentals. The larger unit count offers meaningful economies of scale and the opportunity to implement a strategic renovation program to drive rental repositioning and long-term NOI growth. Favorable assumable financing enhances investor yield and mitigates acquisition financing risk, positioning the property as a compelling value-add opportunity within one of Los Angeles County's most supply-constrained rental submarkets.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
26653679
Year Built
1973
Total Square Footage
22,800
Lot/Acreage
0.26
County
Los Angeles
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 22
- Zoning: WDR2*
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4337005060
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
816 Westmount Dr West Hollywood, CA 90069
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