813 Westbourne Drive, West Hollywood, CA 90069
List Price: $5.35M
Listing Status: Pending
0Days 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.