733 Huntley Drive
733 Huntley Drive - Six Luxury Units in Prime West Hollywood - Built in 1983
Marketing description
West Hollywood Trophy 6-Unit | Non-Rent Controlled | 2.76% IO Assumable Debt
The Brody Group of Marcus & Millichap is proud to exclusively present 733 Huntley Drive—a rare, institutional-quality 6-unit asset in a prime West Hollywood A+ location, offering luxury unit sizes, modern construction, and highly attractive below-market assumable financing.
Built in 1983 and not subject to local rent control, 733 Huntley Drive provides investors with a unique combination of operational flexibility, premium physical attributes, and long-term upside in one of Los Angeles’ most supply-constrained rental markets.
The asset features six exceptionally large, condo-quality residences, including approximately 1,000 SF one-bedroom units and expansive 1,300 SF two-bedroom units—a rarity in West Hollywood that consistently commands premium rents. Units are nicely remodeled with stainless steel appliances, in-unit washer/dryers, central HVAC, and private balconies, delivering a true high-end residential experience that attracts affluent, long-term tenants.
Further distinguishing the property is its boutique, institutional-quality construction, complete with a modernized elevator and gated subterranean parking—amenities seldom found in comparable West Hollywood assets and critical to maintaining top-of-market positioning.
From a capital markets perspective, the offering is anchored by 2.76% interest-only assumable financing fixed through 2030, creating a significant spread to current debt markets and delivering immediate positive leverage, enhanced cash flow, and downside protection for new ownership.
Located just moments from the Sunset Strip, Melrose Place, and West Hollywood’s premier dining, retail, and nightlife corridors, the property offers a true walkable lifestyle that continues to drive strong tenant demand and long-term rent growth.
Offered at $3,600,000, this is a rare opportunity to acquire a boutique, non-rent controlled, luxury multifamily asset with scale, quality, and financing that is virtually impossible to replicate in today’s market.
Investment highlights
BUY BELOW CONDO REPLACEMENT COST
Acquire large, condo-quality residences at a steep discount to for-sale West Hollywood condo pricing, creating immediate basis protection and embedded equity at acquisition.
AFFLUENT TENANT BASE | LOW TURNOVER DYNAMIC
Oversized layouts, in-unit laundry, parking, and central HVAC attract high-income, long-term tenants—driving stable occupancy, reduced turnover, and consistent cash flow.
BOUTIQUE, INSTITUTIONAL-QUALITY ASSET
1983 construction with elevator service and subterranean parking—a true “pride of ownership” building that stands apart from typical vintage walk-ups and commands a premium renter profile.
ORGANIC RENT GROWTH — NO HEAVY LIFT REQUIRED
Capture consistent rent increases driven by location and unit quality, without reliance on heavy capex or disruptive renovation programs.
IRREPLACEABLE PRODUCT TYPE IN WEST HOLLYWOOD
Extremely limited supply of 6-unit properties offering non-rent control, large units, elevator access, parking, and newer construction—a combination that is virtually impossible to replicate.
DEFENSIVE DOWNSIDE | OFFENSIVE UPSIDE
Strong in-place tenancy and premium location provide downside protection, while mark-to-market rent potential and long-term appreciation drive upside.
DEBT ARBITRAGE = INSTANT VALUE CREATION
In-place 2.76% interest-only financing significantly outperforms current debt markets—translating into higher leveraged returns and a lower effective acquisition basis.
IDEAL LONG-TERM HOLD FOR FAMILY OFFICE CAPITAL
Low management intensity, durable tenant base, and premier location create a “sleep-at-night” asset built for wealth preservation and compounding growth.
WALKABLE, LIFESTYLE-DRIVEN LOCATION
Tenants are paying for proximity to the Sunset Strip, Melrose Place, and Beverly Hills adjacencies—a permanent demand driver supporting premium rents.
MULTIPLE EXIT STRATEGIES
Broad future buyer pool including private investors, 1031 exchange buyers, and potential condo converters, providing flexibility and liquidity at disposition.
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