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813 Westmount Dr 9 Unit Apartment Building $4,039,676 CAD ($448,853 CAD/Unit) West Hollywood, CA 90069
Investment Highlights
- Nine-unit multifamily property in West Hollywood’s high-demand Tri-West neighborhood.
- Favorable assumable financing at 2.69% interest-only through December 2030.
- Located near Santa Monica Boulevard, Melrose Avenue, major transit options, and premier amenities.
- Built in 1958, featuring a two-story courtyard-style design with efficient layouts.
- Current income stability supported by a 12.59 GRM and a 4.61% cap rate.
- Significant value-add potential through selective interior renovations and capital improvements.
Executive Summary
813 Westmount Drive presents a 9-unit multifamily investment opportunity in prime West Hollywood, one of Southern California's most supply-constrained and high-demand rental submarkets. The offering features highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 7.69% cash-on-cash return and strong day-one leveraged cash flow. The asset generates stable in-place income at a 12.59 GRM and 4.61% cap rate, equating to approximately $316,667 per unit and $438 per square foot well below estimated replacement cost in this premier West Hollywood location.Built in 1958, the property is a classic late-1950s mid-century courtyard-style building with clean architectural lines and efficient unit layouts. Additional upside exists through interior modernization and strategic capital improvements, offering clear value-add potential while preserving the asset's architectural character.Favorable assumable financing enhances investor yield and materially reduces acquisition financing risk.
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 | $4,039,676 CAD | Building Class | C |
| Price Per Unit | $448,853 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,504 SF |
| Gross Rent Multiplier | 12.59 | Average Occupancy | 92% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 0.44/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Two Family Dwellings | ||
| Price | $4,039,676 CAD |
| Price Per Unit | $448,853 CAD |
| Sale Type | Investment |
| Gross Rent Multiplier | 12.59 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,504 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | R2 - Two Family Dwellings |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,958 CAD | 621 - 767 |
| 2+2 | 1 | $3,076 CAD | 927 |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4337-007-036 | Improvements Assessment | $746,439 CAD |
| Land Assessment | $583,960 CAD | Total Assessment | $1,330,398 CAD |
Property Taxes
Parcel Number
4337-007-036
Land Assessment
$583,960 CAD
Improvements Assessment
$746,439 CAD
Total Assessment
$1,330,398 CAD
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813 Westmount Dr
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