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816 Westmount Drive, West Hollywood, CA 90069
Priced at Only: $6,850,000
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Address: 816 Westmount Drive, West Hollywood, CA 90069
Property Location and Similar Properties
- MLS#: 26653679 ( )
- Street Address: 816 Westmount Drive
- Viewed: 5
- Price: $6,850,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1973
- Bldg sqft: 0
- Days On Market: 36
- Additional Information
- County: LOS ANGELES
- City: West Hollywood
- Zipcode: 90069
- Provided by: Miller & Desatnik Realty Co.
- Contact: David David

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Description816 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.
Features
Appliances
- Refrigerator
Building Area Total
- 22800.00
Country
- US
Heating
- Wall Furnace
Levels
- Two
Netoperatingincome
- 313126.00
Parcel Number
- 4337005060
Parking Features
- Gated
Sourcesystemkey
- 26653679:CLAW
Totalexpenses
- 230626.00
Virtual Tour Url
- https://drive.google.com/drive/folders/1a3sQFNCdOy4kThDlhHhljAshIFgo2xvT?usp=drive_link
Year Built
- 1973
Year Built Source
- Assessor
Zoning
- WDR2*
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com









