Los Angeles Multifamily
For Sale
$4,700,000
1429 Havenhurst Dr, West Hollywood, CA 90046
64 units in prime Los Angeles markets with assumable financing.
Property Size13,824 SF
Days on Market207
Property Features for 1429 Havenhurst Dr
General Information
Standard status
Active
Size
13,824 SF
Property subtype
Multifamily
Amenities
SUB-3% ASSUMABLE DEBT = MASSIVE LEVERAGE ADVANTAGE
IRREPLACEABLE WEST HOLLYWOOD LOCATION
SCALE IN A TROPHY RENTAL POCKET (18 UNITS)
SIGNIFICANT VALUE-ADD & RENTAL UPSIDE
OVERSIZED LOT WITH LONG-TERM OPTIONALITY
Building Details
Building Size
13,824 SF
Units
18
Listing Agency:
Encino Office
Listed By:
Dana Brody · License #License(s): CA: 01429001
(818) 212-2757
Source:
Marcusmillichap
Added: Apr 3
Changed: Oct 25
Last Checked: Oct 24 at 1:36PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,439
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,448,780
$4.4M
Cap Rate 7%
$3,177,700
$3.2M
Cap Rate 9%
$2,471,544
$2.5M
Market Conditions
NOI Build-Up for 13,824 SF
Gross rent
$439.6K $31.80/SF
− Vacancy
−$35.2K −$2.54/SF
EGI
$404.4K $29.26/SF
− OpEx
−$182.0K −$13.17/SF
NOI
$222.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,448,780
Cap Rate 7%
$3,177,700
Cap Rate 9%
$2,471,544
Alternative Uses
Best Use
Apartment 5plus
$3.18M
$2.78M – $3.71M
NOI $222,439 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.40M
$6.48M – $8.63M
NOI $518,092 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $4,700,000.
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.
