813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
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$ 5,350,000
Est. payment | /mo

24 Beds

20 Baths

15,288 SqFt


$ 5,350,000
Est. payment | /mo

24 Beds

20 Baths

15,288 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 15,288 sqft

Price per Sqft $349

MLS Listing ID 26653689

Bedrooms 24

Year Built 1957

Lot Size 0.308 Acres

Acres 0.3077

Property Sub-Type Multi-Family

Property Description

20-unit multifamily investment located in prime West Hollywood. The property features 2.69% interest-only assumable financing through December 2030, offering strong leveraged cash flow. The property offers strong in-place income with an approx. cash on cash return above 7.17%, a 12.50 GRM and 4.54% cap rate, equating to approximately $267,500 per unit and $350 per square foot. Built in 1957, the 15,288 SF building sits on a 13,399 SF WDR3A-zoned lot and consists entirely of one-bedroom, one-bath units a consistently strong-performing unit type in this supply-constrained submarket. The mid-century courtyard layout provides rental appeal with value-add potential through interior renovations. Assumable financing enhances returns and mitigates exposure to current debt market volatility.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3A*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1L-BzqRFmhPw8qSLShe1dkFiyIZTlmJNS?usp=drive_link

TheMLS (CLAW)
Listed by Miller & Desatnik Realty Co.

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813 Westbourne Dr