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813 Westmount Dr
West Hollywood, CA 90069
Multifamily Property For Sale
·
9 Units
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.
Property Facts
| Price Per Unit | $430,033 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 12.59 | Building Size | 6,504 SF |
| No. Units | 9 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 0.44/1,000 SF |
| Zoning | R2 | ||
| Price Per Unit | $430,033 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 |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,834 CAD | 621 - 767 |
| 2+2 | 1 | $2,947 CAD | 927 |
Property Taxes
| Parcel Number | 4337-007-036 | Improvements Assessment | $724,900 CAD |
| Land Assessment | $567,110 CAD | Total Assessment | $1,292,010 CAD |
Property Taxes
Parcel Number
4337-007-036
Land Assessment
$567,110 CAD
Improvements Assessment
$724,900 CAD
Total Assessment
$1,292,010 CAD
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