34.085546 -118.378312 0
First Image
Image 1Image 2Image 3Image 4
Image 5Image 6Image 7

Listed by Miller & Desatnik Realty Co., David Miller.

MLS Source logo

816 Westmount DRWest Hollywood, CA 90069

Active
$6,850,000
36
37
22,800 SqFt

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.


FACTS & FEATURES

  • 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:

LOCATION


REQUEST INFORMATION

Listing Office: Miller & Desatnik Realty Co.. Listing Agent: David Miller. Listing ID: 26653679

Last Updated March 17, 2026 12:06 AM
Data last checked against CRMLS on June 6, 2026 12:38 AM

Based on information from California Regional Multiple Listing Service, Inc. as of June 6, 2026 12:38 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

WE MAKE SUCCESS Simple