18-Unit Weho Trophy Asset- 5.45% Cap 1429 Havenhurst Dr 18 Unit Apartment Building $6,961,430 CAD ($386,746 CAD/Unit) 5.45% Cap Rate West Hollywood, CA 90046

Chateau Marmont Adjacent Trophy Asset | Only $272K Per Door | 2.76% IO Assumable Financing
Rare opportunity to acquire an 18-unit West Hollywood apartment community just steps from the iconic Chateau Marmont, offered at only $272,000 per unit and $354 per square foot. This fully occupied asset delivers an attractive 5.45% in-place cap rate and 13.6 GRM, with a projected 8.6% proforma cap rate and 9.0 GRM through strategic renovations and operational enhancements.
Even more compelling, the property features an exceptional 2.76% interest-only assumable loan through 2030 at approximately 50% loan-to-value, creating immediate positive leverage and the potential for 10%+ cash-on-cash returns in today's high-interest-rate environment.
We are pleased to present 1429 N. Havenhurst Drive, a premier multifamily investment opportunity located in one of Southern California's most prestigious and supply-constrained rental markets. Situated on a quiet, tree-lined street moments from the Sunset Strip, Melrose Avenue, and Beverly Hills, the property offers investors immediate scale in a highly sought-after location characterized by affluent demographics, exceptional walkability, and long-term rent growth.
Built in 1957, the property consists of a desirable mix of spacious one- and two-bedroom residences featuring abundant natural light, efficient floor plans, and classic mid-century architecture. Ownership has meticulously maintained the asset, which benefits from beautiful landscaping, strong curb appeal, completed seismic retrofitting, and brand-new dual-pane windows throughout—significantly reducing future capital expenditure requirements.
From a value-add perspective, the investment thesis is outstanding. Investors have the opportunity to renovate interiors and capture substantial rental upside while preserving strong in-place cash flow. Additionally, the property may accommodate up to seven ADUs (Buyer to Verify), increasing the unit count by nearly 40% and creating a significant long-term value creation opportunity.
Residents enjoy immediate access to West Hollywood's world-class dining, entertainment, nightlife, and retail amenities, while remaining minutes from major employment centers serving the entertainment, media, technology, and creative industries. This unmatched location continues to attract a deep pool of high-income renters, supporting strong occupancy and sustained rental demand.
With 100% occupancy, below-market assumable financing, proven cash flow, significant rental upside, ADU potential, and irreplaceable West Hollywood positioning, 1429 N. Havenhurst Drive represents one of the most compelling multifamily investment opportunities currently available in Los Angeles.
Investment Highlights
18 Units | 100% Occupied
Only $272,000 Per Door
Only $354 Per Square Foot
5.45% In-Place Cap Rate
8.6% Proforma Cap Rate
13.0 GRM In-Place | 9.0 GRM Proforma
2.76% Interest-Only Assumable Loan Through 2030
Approximately 50% LTV Financing
Potential 10%+ Cash-on-Cash Returns
Potential for Up to 7 ADUs (Buyer to Verify)
Completed Seismic Retrofit
Brand New Windows Throughout
Steps from Chateau Marmont, Sunset Strip & Melrose