List Price: $5.35M

Listing Status: Pending

Days on Market: 23

24 Bedrooms · 20 Bathrooms · 15,288 sq ft

Property Type: ResidentialIncome

Year Built: 1957

Lot Size: 13,399 sq ft

MLS Number: 26653689

About This Property

20-unit multifamily investment located in prime West Hollywood. The property features 2.69% interest-only assumable financing through December 2030, offering strong leveraged cash flow. The property offers strong in-place income with an approx. cash on cash return above 7.17%, a 12.50 GRM and 4.54% cap rate, equating to approximately $267,500 per unit and $350 per square foot. Built in 1957, the 15,288 SF building sits on a 13,399 SF WDR3A-zoned lot and consists entirely of one-bedroom, one-bath units a consistently strong-performing unit type in this supply-constrained submarket. The mid-century courtyard layout provides rental appeal with value-add potential through interior renovations. Assumable financing enhances returns and mitigates exposure to current debt market volatility.

Property Photos