813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
813 Westbourne Dr, West Hollywood, CA 90069
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$5,350,000
Est. payment /mo
24 Beds
20 Baths
15,288 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 15,288 sqft

Price per Sqft $349

MLS Listing ID 26653689

Bedrooms 24

Year Built 1957

Lot Size 0.308 Acres

Acres 0.3077

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR3A*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1L-BzqRFmhPw8qSLShe1dkFiyIZTlmJNS?usp=drive_link


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TheMLS (CLAW)
Listed by Miller & Desatnik Realty Co.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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813 Westbourne Dr