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816 Westmount Drive West Hollywood, CA 90069
$6,850,000 36 beds, 37 baths
22, 800 sqft
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Rachelle Levin REALTORĀ® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
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Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Agent Remarks

816 Westmount Drive presents an 18-unit multifamily investment opportunity in a highly desirable West Hollywood location. The offering features 2.69% interest-only assumable financing through December 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.73%. The property generates solid in-place income at a 12.22 GRM and 4.57% cap rate, equating to approximately $380,556 per unit and $300 per square foot.A large storage space of approx. 680 square feet can be converted to a ADU. Seller has preliminary plans to legalize the structure as an ADU (buyer to verify), creating additional income potential and long-term value enhancement.Built in 1973, the asset is a well-scaled 1970s multifamily property with practical design, efficient unit layouts, and strong operational fundamentals. The larger unit count offers meaningful economies of scale and the opportunity to implement a strategic renovation program to drive rental repositioning and long-term NOI growth. Favorable assumable financing enhances investor yield and mitigates acquisition financing risk, positioning the property as a compelling value-add opportunity within one of Los Angeles County's most supply-constrained rental submarkets.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26653679
List price is $6,850,000
Beds: 36
Baths: 37
Built in 1973
22,800 sqft
2 stories
0.26 acres
Lot size: 0.2642
County: Los Angeles
Zoning: WDR2*
Appliances: Refrigerator
Parking description: Gated
Heating description: Wall Furnace
MLS area: C10 - West Hollywood Vicinity

Last Updated: 6/10/2026

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This listing belongs to the C10 - West Hollywood Vicinity MLS area

Lat/Long: 34.085541, -118.378300.
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Listing Agent: David Miller
Co Listing Agent: Errol Spiro
Lic#: 01924622
Office Name: Laguna Beach

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Rachelle Levin

Rachelle Levin REALTORĀ® - Sales Associate 949-793-2010 m
949-793-2010 o
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01924622
NRDS ID: 463514645
rlevin@bhhscal.com

Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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