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

Diego Magdaleno

+1(714) 376-8652
$5,350,000
Est. payment /mo
24 Beds
20 Baths
15,288 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 15,288 sqft

Price per Sqft $349

MLS Listing ID 26653689

Bedrooms 24

HOA Y/N No

Year Built 1957

Lot Size 0.308 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3A*

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4337013043

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1L-BzqRFmhPw8qSLShe1dkFiyIZTlmJNS?usp=drive_link

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

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Diego Magdaleno

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