Prime WeHo | 18 Units | 2.76% Assumable Loan 1429 Havenhurst Dr 18 Unit Apartment Building $8,326,860 CAD ($462,603 CAD/Unit) West Hollywood, CA 90046

The Brody Group of Marcus & Millichap is pleased to present 1429 N. Havenhurst Drive, an exceptional 18-unit multifamily investment opportunity located in the heart of prime West Hollywood. Offered at $6,000,000, the property features a rare 2.76% interest-only assumable loan, providing investors with a significant financing advantage in today’s elevated interest rate environment. Built in 1949, the asset offers approximately 13,824 square feet and benefits from strong in-place income with additional rental upside potential.
Situated just moments from the iconic Sunset Strip and Santa Monica Boulevard, the property is positioned within one of the most supply-constrained and high-demand rental markets in Southern California. West Hollywood continues to attract high-income residents driven by entertainment, media, design, and hospitality employment sectors, supporting long-term rent growth and asset appreciation.
With an asking price of approximately $333,333 per unit and in-place financing significantly below current market rates, 1429 N. Havenhurst offers investors the opportunity to acquire a core infill asset with both income stability and long-term upside potential.
1. 2.76% Interest-Only Assumable Loan – Financing Advantage That May Not Exist Again
Acquire an 18-unit West Hollywood asset with sub-3% interest-only debt, dramatically outperforming deals financed at today’s 6%+ rates. Immediate payment arbitrage and superior long-term leverage.
2. Trophy West Hollywood Address Steps from the Sunset Strip
Located in the heart of West Hollywood near Sunset Strip and Santa Monica Boulevard — one of the most globally recognized and supply-constrained rental markets in Southern California.
3. Buy Today Using Yesterday’s Cost of Capital
Lock in 2.76% IO financing while competitors are forced to underwrite deals at significantly higher interest rates, creating an immediate competitive edge and stronger cash flow profile.
4. Core West Hollywood Asset with Proven Rent Growth Fundamentals
High-income renter demographics, walkable lifestyle positioning, and limited new supply support long-term rent growth and appreciation potential.
5. Rare Opportunity to Acquire Prime Infill Real Estate with Embedded Financial Arbitrage
Combination of irreplaceable location and below-market assumable financing creates a strategic acquisition opportunity ideal for investors seeking yield, inflation protection, and long-term value creation.