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    Los Angeles Multifamily Portfolio Title is generated by Realmo AI

    1429 Havenhurst Dr, West Hollywood, CA 90046

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    For Sale
    $24,345,000

    64 units in prime Los Angeles markets with assumable financing.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 4:58 am

    Property Features for 1429 Havenhurst Dr

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Dana S. Brody

    Listing agent Dana S. Brody License #CA: 01429001

    Listing office Encino Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Encino Office

    HighLights

    • Assumable financing with exceptionally low interest rates (2.76% - 3.74%), including interest‑only options, offering a significant financial advantage.
    • Portfolio of 64 units across six properties in highly desirable Los Angeles rental markets.
    • Strategically located near major lifestyle and employment centers.
    • Strong rental demand driven by the entertainment, media, technology, and hospitality industries.
    • Rare opportunity to acquire a scaled portfolio in supply‑constrained Los Angeles submarkets.
    • Ideal for private investors, family offices, and 1031 exchange buyers seeking institutional‑quality assets.

    Overview

    The Sunset Legacy Collection presents an opportunity to acquire a 64-unit multifamily portfolio, encompassing six properties situated in prime Los Angeles rental markets. These locations include West Hollywood, Hollywood, Pico-Robertson, and Valley Village. A key feature of this offering is the assumable financing, with interest rates ranging from 2.76% to 3.74%, including select interest-only loan structures. The properties are strategically located near lifestyle and employment corridors such as Sunset Boulevard, Melrose Avenue, and Ventura Boulevard. This location benefits from rental demand driven by the entertainment, media, technology, and hospitality sectors. The Sunset Legacy Collection is suited for private investors, family offices, and 1031 exchange buyers seeking multifamily assets in Los Angeles neighborhoods. The portfolio includes properties at 733 Huntley Drive (6 units in West Hollywood with 2.76% IO assumable financing), 1429 N. Havenhurst Drive (18 units in West Hollywood with 2.76% IO assumable financing), 1530 N. Formosa Avenue (10 units in Hollywood with 3.74% P&I assumable financing), 8843 Alcott Street (10 units in Pico/Robertson with 3.74% P&I assumable financing), and 5223 & 5227 Corteen Place (20 units in Valley Village with 2.76% IO assumable financing). The total portfolio consists of 6 buildings with 64 units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.366
    Latitude
    34.1068

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    FAQs

    What type of property is this?
    Apartment building - 64 units in prime Los Angeles markets with assumable financing.
    Where is this apartment building located?
    The property is located at 1429 Havenhurst Dr West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $24,345,000.
    What are key features of this property?
    This property features: Assumable financing with exceptionally low interest rates (2.76% - 3.74%), including interest‑only options, offering a significant financial advantage.; Portfolio of 64 units across six properties in highly desirable Los Angeles rental markets.; Strategically located near major lifestyle and employment centers.
    (818) 212-2757
    We can help!
    Listing Contact
    Dana S. Brody
    Real Estate License ID: CA: 01429001
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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