Overview
- 24
- 20
- 15288
- 1957
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.
Address
Open on Google Maps- Address Westbourne
- City West Hollywood
- State/county Los Angeles
- Zip/Postal Code 90069
Details
Updated on March 17, 2026 at 10:06 am- Property ID: HZ26653689
- Price: $5,350,000
- Property Size: 15288 Sq Ft
- Bedrooms: 24
- Bathrooms: 20
- Year Built: 1957
- Property Status: ResidentialIncome
- Listed by: David Miller
- DRE #: 02105346
- Contact Mail: davemiller@mdrealtycorp.com
- Brokered by: Miller & Desatnik Realty Co.
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