List Price: $5M

Listing Status: Active

Original List Price: $6M

Days on Market: 49

20 Bedrooms · 19 Bathrooms · 13,824 sq ft

Property Type: ResidentialIncome

Year Built: 1949

Lot Size: 15,224 sq ft

MLS Number: 26661681

About This Property

Now offered at just $277K per door! 100% occupied with 2.76% assumable financing in place! We are pleased to present 1429 N. Havenhurst Drive, an exceptional 18-unit multifamily investment opportunity in the most prime West Hollywood location, one of the most coveted and supply-constrained rental markets in Southern California. Situated on a quiet, tree-lined street just moments from the Sunset Strip and Melrose Avenue, the property offers a rare opportunity to acquire immediate scale in a high-demand submarket driven by affluent demographics, walkability, and consistent rental growth. Built in 1957, the asset features an attractive mix of spacious one- and two-bedroom units, many of which offer abundant natural light, functional layouts, and timeless mid-century design. The property is 100% occupied and has been well maintained, with beautiful landscaping, strong curb appeal, and all new windows throughout, enhancing both tenant appeal and long-term asset quality. From an investment perspective, the opportunity is particularly compelling. The property delivers stable in-place income today with significant upside potential through strategic interior renovations and operational improvements, allowing investors to meaningfully increase rents and overall asset value over time. A standout feature is the 2.76% interest-only assumable loan through 2030, providing immediate positive leverage and an estimated 10% + cash-on-cash return, a rare advantage in today's elevated interest rate environment.Residents benefit from walkable access to West Hollywood's premier dining, nightlife, and lifestyle amenities, with close proximity to Beverly Hills, the Sunset Strip, and Melrose's top retail corridors. This highly desirable location continues to attract a strong base of high-income tenants across the entertainment, media, and tech sectors.Recent capital improvements include a completed seismic retrofit and property-wide window upgrades, minimizing near-term capital expenditures.1429 N. Havenhurst Drive represents a rare opportunity to acquire a fully occupied, well-maintained asset with below-market financing, significant income upside, and long-term appreciation potential in one of Los Angeles' most prestigious rental markets.