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. 310-202-9166
Listing Snapshot
Days Online
0
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
$2.00M
-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
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*
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