816 Westmount DRWest Hollywood, CA 90069
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 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.
- Property Type:
Residential Income
- Architectural Style:
- Bedrooms:
36
- Bathrooms:
37
- Dwelling Size:
22,800 SqFt
- Lot Size:
0.26 Acres
- Lot Description:
- Stories:
- Year Built:
1973
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Gated
- Area:
C10 - West Hollywood Vicinity
- Views:
- Schools:
- HOA:
- Senior Community:
False
- Heating:
Wall Furnace
- Cooling:
- Appliances:
Refrigerator
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
- Roof: