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… Read More 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. Read Less
Courtesy of Miller & Desatnik Realty Co., David Miller, 323-948-7507.
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
9
Square Ft.
6,504
Lot Size
0.15 Acres
Year Built
1958
MLS Number
26653695
30 Days Snapshot Of 90069
$2.07M
+23%
(avg) sold price
20
+42%
homes sold
66
-34%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
6,504 sq ft, Built in 1958, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
None
Heating
Wall
Lot
LotAcreage: 0.1547, LotSizeArea: 6,735
Parking
TotalParking: 4
Property
NumberOfUnits: 9, Zoning: WDR2*
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
