816 Westmount Drive presents an 18-unit multifamily investment opportunity in a highly desirable West Hollywood location. The offering features 2.69% interest-only assumable financing through December 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.73%. The property generates solid in-place income at a 12.22 GRM and… Read More 4.57% cap rate, equating to approximately $380,556 per unit and $300 per square foot.A large storage space of approx. 680 square feet can be converted to a ADU. Seller has preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.Built in 1973, the asset is a well-scaled 1970s multifamily property with practical design, efficient unit layouts, and strong operational fundamentals. The larger unit count offers meaningful economies of scale and the opportunity to implement a strategic renovation program to drive rental repositioning and long-term NOI growth. Favorable assumable financing enhances investor yield and mitigates acquisition financing risk, positioning the property as a compelling value-add opportunity within one of Los Angeles County's most supply-constrained rental submarkets. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
36
Square Ft.
22,800
Lot Size
0.26 Acres
Year Built
1973
MLS Number
26653679
30 Days Snapshot Of 90069
$2.00M
-10%
(avg) sold price
21
+50%
homes sold
73
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
22,800 sq ft, Built in 1973, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Gated
Heating
Wall
Lot
LotAcreage: 0.2642, LotSizeArea: 11,510
Parking
TotalParking: 22
Property
NumberOfUnits: 18, Zoning: WDR2*
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