USACAWest Hollywood816 Westmount Dr
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816 Westmount Dr, West Hollywood, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$6,850,000

363722

MLS® 26653679

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 22800 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1973
Avg. Price Per Sqft $300
MLS® Number 26653679

Property Address: 816 Westmount Dr, West Hollywood, CA, 90069-4642

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26653679
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1973
Stories0
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$6,850,000List Price
  • Commute

Commute

Starting Address
Destination Address
816 Westmount Dr, West Hollywood, CA

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