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813-817 Westbourne Dr 20 Unit Apartment Building $7,335,118 CAD ($366,756 CAD/Unit) West Hollywood, CA 90069
Executive Summary
20-unit multifamily investment located in prime West Hollywood. The property features 2.69% interest-only assumable financing through December 2030, offering strong leveraged cash flow. The property offers strong in-place income with an approx. cash on cash return above 7.17%, a 12.50 GRM and 4.54% cap rate, equating to approximately $267,500 per unit and $350 per square foot. Built in 1957, the 15,288 SF building sits on a 13,399 SF WDR3A-zoned lot and consists entirely of one-bedroom, one-bath units a consistently strong-performing unit type in this supply-constrained submarket. The mid-century courtyard layout provides rental appeal with value-add potential through interior renovations. Assumable financing enhances returns and mitigates exposure to current debt market volatility.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,335,118 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $366,756 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Gross Rent Multiplier | 12.5 | Building Size | 15,288 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 3.2/1,000 SF |
| Zoning | R3A, West Hollywood | ||
| Price | $7,335,118 CAD |
| Price Per Unit | $366,756 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 12.5 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 15,288 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 3.2/1,000 SF |
| Zoning | R3A, West Hollywood |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $2,313 CAD | - |
| 2+1 | 2 | $3,540 CAD | - |
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Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 4337-013-043 | Improvements Assessment | $1,510,094 CAD |
| Land Assessment | $2,849,061 CAD | Total Assessment | $4,359,155 CAD |
Property Taxes
Parcel Number
4337-013-043
Land Assessment
$2,849,061 CAD
Improvements Assessment
$1,510,094 CAD
Total Assessment
$4,359,155 CAD
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813-817 Westbourne Dr
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