813 Westbourne Drive, West Hollywood, CA 90069

  • $5,350,000
813 Westbourne Drive, West Hollywood, CA 90069
Active
813 Westbourne Drive, West Hollywood, CA 90069
813 Westbourne Drive, West Hollywood, CA 90069
  • $5,350,000

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 813 Westbourne Drive
  • City West Hollywood
  • State/county CA
  • Zip/Postal Code 90069
  • Country US

Details

Updated on March 10, 2026 at 5:59 pm
  • Property ID: 26653689
  • Price: $5,350,000
  • Property Size: 15288 Sqft
  • Land Area: 0.3076 Acres
  • Bedrooms: 24
  • Bathrooms: 20
  • Garage Size: x x
  • Year Built: 1957
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Heating: Wall Furnace
  • County: Los Angeles
  • Property Type: Residential Income
  • Parking: None

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  • Hoyt Hochman