816 Westmount DR, West Hollywood, CA 90069
816 Westmount DR, West Hollywood, CA 90069
816 Westmount DR, West Hollywood, CA 90069
816 Westmount DR, West Hollywood, CA 90069
816 Westmount DR, West Hollywood, CA 90069
816 Westmount DR, West Hollywood, CA 90069
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Eva Nelson

Eva Nelson

+1(805) 354-8608
$ 6,850,000
Est. payment | /mo

36 Beds

37 Baths

22,800 SqFt

Save Virtual Tour
$ 6,850,000
Est. payment | /mo
Save Virtual Tour

36 Beds

37 Baths

22,800 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,800 sqft

Price per Sqft $300

MLS Listing ID 26653679

Bedrooms 36

HOA Y/N No

Year Built 1973

Lot Size 0.264 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR2*

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Gated

Total Parking Spaces 22

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4337005060

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1a3sQFNCdOy4kThDlhHhljAshIFgo2xvT?usp=drive_link

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Listed by David Miller Miller & Desatnik Realty Co. #02105346
Eva Nelson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(805) 354-8608

soldbyevanelson@gmail.com

195 Main St, Pismo Beach, CA, 93449-2628, USA

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816 Westmount DR