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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.
| DAYS ON MARKET | 8 | LAST UPDATED | 3/9/2026 |
|---|---|---|---|
| YEAR BUILT | 1957 | COMMUNITY | C10 - West Hollywood Vicinity |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Refrigerator |
|---|---|
| AREA | C10 - West Hollywood Vicinity |
| HEAT | Wall Furnace |
| LOT | 0.3076 acre(s) |
| LOT DIMENSIONS | 13399 |
| PARKING | None |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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