816 Westmount Dr, West Hollywood, CA 90069
816 Westmount Dr, West Hollywood, CA 90069
816 Westmount Dr, West Hollywood, CA 90069
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Gabriel Colombo

Gabriel Colombo

+1(213) 259-6619
$6,850,000
Est. payment /mo
36 Beds
37 Baths
22,800 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,800 sqft

Price per Sqft $300

MLS Listing ID 26653679

Bedrooms 36

Year Built 1973

Lot Size 0.264 Acres

Acres 0.2642

Property Sub-Type Multi-Family

Property Description

816 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.

Location

State CA

County Los Angeles

Area West Hollywood Vicinity

Zoning WDR2*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Gated

Garage Spaces 22.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

Virtual Tour https://drive.google.com/drive/folders/1a3sQFNCdOy4kThDlhHhljAshIFgo2xvT?usp=drive_link

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Miller & Desatnik Realty Co.
Gabriel Colombo

Gabriel Colombo

Agent | License ID: 02266753

+1(213) 259-6619

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816 Westmount Dr