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.
Property Details
Price:
$6,850,000
MLS #:
26653679
Status:
Active
Beds:
36
Baths:
37
Type:
Single Family
Neighborhood:
c10westhollywoodvicinity
Listed Date:
Mar 9, 2026
Finished Sq Ft:
22,800
Total Sq Ft:
22,800
Lot Size:
11,510 sqft / 0.26 acres (approx)
Year Built:
1973
See this Listing
Schools
Interior
Appliances
RF
Heating
WL
Levels
U
Exterior
Parking Spots
22
Parking Total
22
Financial
Map
Community
- Address816 Westmount DR West Hollywood CA
- CityWest Hollywood
- CountyLos Angeles
- Zip Code90069
Market Summary
Current real estate data for Single Family in West Hollywood as of Apr 05, 2026
352
Single Family Listed
64
Avg DOM
268
Avg $ / SqFt
$1,070,464
Avg List Price
Property Summary
- 816 Westmount DR West Hollywood CA is a Single Family for sale in West Hollywood, CA, 90069. It is listed for $6,850,000 and features 36 beds, 37 baths, and has approximately 22,800 square feet of living space, and was originally constructed in 1973. The current price per square foot is $300. The average price per square foot for Single Family listings in West Hollywood is $268. The average listing price for Single Family in West Hollywood is $1,070,464.
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816 Westmount DR
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