816 Westmount Drive, West Hollywood, CA 90069

West Hollywood
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
816 Westmount Drive,West Hollywood, CA 90069
$6,850,000
Virtual Tour
  • 36 Beds
  • 37 Baths
  • 22,800 sq. ft.
  • Multi-family
  • Active
Listed by: david miller, errol spiro
Office: miller & desatnik realty co.310-202-9166
MLS#:26653679
Source:CRMLS

Price summary

  • Price:$6,850,000
  • Price per sq. ft.:$300.44

About this home

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...

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Home facts

  • Year built:1973
  • Listing ID #:26653679
  • Added:54 day(s) ago
  • Updated:May 03, 2026 at 10:30 AM

Rooms and interior

  • Bedrooms:36
  • Total bathrooms:37
  • Kitchen Description:Refrigerator
  • Living area:22,800 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1973
  • Building area:22,800 sq. ft.
  • Lot area:0.26 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$6,850,000
  • Price per sq. ft.:$300.44

Parking

  • Total parking spaces:22
  • Parking description:Gated
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