West Hollywood Multifamily Investment
For Sale
Contact for pricing
1429 N Havenhurst Drive, West Hollywood, CA 90046
18-unit apartment building near Sunset Strip with assumable debt.
Property Size11,580 SF
Price / SF$423.14
Days on Market216
Property Features for 1429 N Havenhurst Drive
General Information
Standard status
Active
Size
11,580 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$257,227
Building Details
Year Built
1949
Units
18
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Dana Brody · License #CA
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 2:54PM
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 Marcus & Millichap - Encino
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located just south of Sunset Boulevard, 1429 N. Havenhurst Drive is an 18-unit multifamily property in West Hollywood. The property is situated on an oversized lot west of Crescent Heights Boulevard, near the Sunset Strip. The building features one- and two-bedroom apartments. The property offers in-place income with the opportunity to renovate units. The location provides access to employment hubs, hospitality, nightlife, and high-end retail. This property is positioned for rent growth and appreciation.
Key Highlights
- Prime West Hollywood Location: Just south of Sunset Boulevard, offering unparalleled access to luxury lifestyle, entertainment, and employment opportunities.
- Assumable Debt: Features assumable debt at 2.76%, providing below‑market financing.
- Significant Rental Upside: Opportunity to renovate units and capture substantial rental premiums.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,331
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,726,620
$3.7M
Cap Rate 7%
$2,661,871
$2.7M
Cap Rate 9%
$2,070,344
$2.1M
Market Conditions
NOI Build-Up for 11,580 SF
Gross rent
$368.2K $31.80/SF
− Vacancy
−$29.5K −$2.54/SF
EGI
$338.8K $29.26/SF
− OpEx
−$152.5K −$13.17/SF
NOI
$186.3K $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%
$3,726,620
Cap Rate 7%
$2,661,871
Cap Rate 9%
$2,070,344
Alternative Uses
Best Use
Apartment 5plus
$2.66M
$2.33M – $3.11M
NOI $186,331 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.20M
$5.42M – $7.23M
NOI $433,992 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit apartment building near Sunset Strip with assumable debt.
Where is this apartment building located?
The property is located at 1429 N Havenhurst Drive West Hollywood, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime West Hollywood Location: Just south of Sunset Boulevard, offering unparalleled access to luxury lifestyle, entertainment, and employment opportunities.; Assumable Debt: Features assumable debt at 2.76%, providing below‑market financing.; Significant Rental Upside: Opportunity to renovate units and capture substantial rental premiums.
