Multifamily Apartment
816 Westmount Dr West Hollywood, CA 90069
816 Westmount Dr, West Hollywood, CA, 90069
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For Sale
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18-unit multifamily property in West Hollywood features assumable interest-only financing through December 2030.
Days on Market134
Property Features for 816 Westmount Dr
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1973
Listing agency
Miller & Desatnik Realty Corp
(310) 202-9166
Listed by
Errol Spiro · License #CA 00893163
Source
Crexi
Added: Mar 10 Updated: Jul 20 at 8:09PM Checked: Jul 20 at 8:09PM
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 Corp
Investment Insights
Based on property information with market context.
816 Westmount Drive is an 18-unit multifamily investment property built in 1973. The building offers practical, efficiently designed unit layouts and established in-place rental income. The offering also includes interest-only assumable financing through December 2030.
In addition, the property has a large storage space that the seller states has preliminary plans to legalize as an ADU, subject to buyer verification. This additional flexible space may create further income opportunities while supporting longer-term value enhancement.
Overall, the combination of a sizable unit count and assumable financing supports a straightforward hold strategy for investors evaluating this West Hollywood multifamily asset.
In addition, the property has a large storage space that the seller states has preliminary plans to legalize as an ADU, subject to buyer verification. This additional flexible space may create further income opportunities while supporting longer-term value enhancement.
Overall, the combination of a sizable unit count and assumable financing supports a straightforward hold strategy for investors evaluating this West Hollywood multifamily asset.
Key Highlights
- 18‑unit multifamily property built in 1973 in West Hollywood
- Assumable interest‑only financing available through December 2030 at a 2.69% interest rate
- Current performance metrics include 12.22 GRM and a 4.57% cap rate
Property Analytics
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FAQs
What type of property is this?
Apartment building - 18-unit multifamily property in West Hollywood features assumable interest-only financing through December 2030.
Where is this apartment building located?
The property is located at 816 Westmount Dr West Hollywood, CA.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: 18‑unit multifamily property built in 1973 in West Hollywood; Assumable interest‑only financing available through December 2030 at a 2.69% interest rate; Current performance metrics include 12.22 GRM and a 4.57% cap rate
