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In-PersonVirtual Tour
$ 2,850,000
Est. payment | /mo
6,504 SqFt
$ 2,850,000
Est. payment | /mo
6,504 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,504 sqft
Price per Sqft $438
MLS Listing ID CL26653695
HOA Y/N No
Year Built 1958
Lot Size 6,735 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning WDR2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4337007036
Virtual Tour https://drive.google.com/drive/folders/1PhYlG-w-UKutMMI3U1_n1BevqKAL4hRu?usp=drive_link
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Miller • Miller & Desatnik Realty Co.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447