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30882812
30882813

813 Westmount Dr, West Hollywood, CA 90069

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp
$2,850,000
86 days on market
Updated 86 days ago

813 Westmount Drive

Details
APN 4337-007-036
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 6,504
Units 9
Cap Rate 4.61%
NOI $131,490
Price per SqFt $438
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 6,735
Zoning WDR2*
Parking Spaces 4 spaces

Multifamily | 9 Units | $316,667/unit

Marketing 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.

Listing Contacts

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$131,490.00
$10,957.50/mo

Valuation Metrics

0
DSCR
4.61%
Cap Rate
4.61%
ROI

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