Courtyard-Style 9-Unit Multifamily
813 Westmount Dr West Hollywood, CA 90069
813 Westmount Dr, West Hollywood, CA, 90069
$2,850,000
For Sale
$2,850,000
Built in 1958, this 9-unit multifamily property features a mid-century courtyard layout and assumable financing.
Property Size6,504 SF
Price / SF$438.19
Days on Market136
Property Features for 813 Westmount Dr
General Information
- Standard status
- Active
- Size
- 6,504 SF
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 1958
Listing agency
Miller & Desatnik Realty Co.
(310) 939-9300
Listed by
David Miller · License #02105346
Source
Carolinakramer
Added: Mar 9 Updated: Jul 22 at 9:21AM Checked: Jul 22 at 9:21AM
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 Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
For sale: a 9-unit multifamily investment in West Hollywood. Constructed in 1958, the property is a late-1950s mid-century courtyard-style building with efficient unit layouts arranged around an interior courtyard.
The offering includes highly attractive interest-only assumable financing at 2.69% through December 2030. In-place performance is supported by a 12.59 GRM and a 4.61% cap rate, with the provided underwriting indicating approximately a 7.69% cash-on-cash return. The seller’s remarks also note potential for additional value through interior modernization and other strategic capital improvements while preserving the building’s architectural character.
The offering includes highly attractive interest-only assumable financing at 2.69% through December 2030. In-place performance is supported by a 12.59 GRM and a 4.61% cap rate, with the provided underwriting indicating approximately a 7.69% cash-on-cash return. The seller’s remarks also note potential for additional value through interior modernization and other strategic capital improvements while preserving the building’s architectural character.
Key Highlights
- 9‑unit multifamily property built in 1958 with a mid‑century courtyard‑style layout
- Stable in‑place income supported by 12.59 GRM and a 4.61% cap rate
- Interest‑only assumable financing available at a 2.69% rate through December 2030
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.8k | $31.80 |
| − Vacancy | −$16.5k | −$2.54 |
| EGI | $190.3k | $29.26 |
| − OpEx | −$85.6k | −$13.17 |
| NOI | $104.7k | $16.09 |
6,504 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.74M
NOI $104,655 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,755 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1958, this 9-unit multifamily property features a mid-century courtyard layout and assumable financing.
Where is this apartment building located?
The property is located at 813 Westmount Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 9‑unit multifamily property built in 1958 with a mid‑century courtyard‑style layout; Stable in‑place income supported by 12.59 GRM and a 4.61% cap rate; Interest‑only assumable financing available at a 2.69% rate through December 2030
