816 Westmount, West Hollywood CA 90069 for sale - Presented to you by of Los Angeles California
Listing provided courtesy of David Miller of Miller & Desatnik Realty Co.. Last updated 2026-03-11 08:11:24.000000. Listing information © 2026 CLAW.

Asking Price: $6,850,000

816 Westmount, West Hollywood CA 90069

Community: ​C10 - West Hollywood Vicinity


This property was built in 1973 and is priced at $6,850,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 26653679
  • Type:
  • Year Built: 1973
816 Westmount Drive presents an 18-unit multifamily investment opportunity in a highly desirable West Hollywood location. The offering features 2.69% interest-only assumable financing through December 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.73%. The property generates solid in-place income at a 12.22 GRM and 4.57% cap rate, equating to approximately $380,556 per unit and $300 per square foot.A large storage space of approx. 680 square feet can be converted to a ADU. Seller has preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.Built in 1973, the asset is a well-scaled 1970s multifamily property with practical design, efficient unit layouts, and strong operational fundamentals. The larger unit count offers meaningful economies of scale and the opportunity to implement a strategic renovation program to drive rental repositioning and long-term NOI growth. Favorable assumable financing enhances investor yield and mitigates acquisition financing risk, positioning the property as a compelling value-add opportunity within one of Los Angeles County's most supply-constrained rental submarkets.

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818-960-3600