813 Westmount DR, West Hollywood, CA 90069
813 Westmount DR, West Hollywood, CA 90069
813 Westmount DR, West Hollywood, CA 90069
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Diego Magdaleno

Diego Magdaleno

+1(714) 376-8652
$2,850,000
Est. payment /mo
9 Beds
9 Baths
6,504 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,504 sqft

Price per Sqft $438

MLS Listing ID 26653695

Bedrooms 9

HOA Y/N No

Year Built 1958

Lot Size 6,734 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR2*

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4337007036

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1PhYlG-w-UKutMMI3U1_n1BevqKAL4hRu?usp=drive_link

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

NEARBY SCHOOLS & PROPERTIES

Diego Magdaleno

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