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Donnie Bowen

[email protected] +1(949) 290-9754

$ 6,000,000

Est. payment | -/mo

20 Beds

19 Baths

13,824 SqFt

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$ 6,000,000

Est. payment | -/mo

Save Virtual Tour

20 Beds

19 Baths

13,824 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,824 sqft

Price per Sqft $434

MLS Listing ID 26661681

Bedrooms 20

HOA Y/N No

Year Built 1949

Lot Size 0.349 Acres

Property Description

We are very pleased to present 1429 N. Havenhurst Drive, an exceptional 18-unit multifamily investment opportunity located in one of the most coveted rental pockets in West Hollywood. Positioned on a quiet tree-lined street just moments from the iconic Sunset Strip and Melrose Avenue, the property offers investors a rare opportunity to acquire scale in a premier, supply-constrained submarket known for strong tenant demand, affluent demographics, and enduring rental growth. Built in 1957, the property features an attractive mix of spacious one- and two-bedroom units designed to appeal to West Hollywood's high-income professional tenant base. Many units benefit from abundant natural light, functional layouts, and classic mid-century architectural character that continues to command premium rents in this highly desirable neighborhood. 1429 N. Havenhurst Drive benefits from its premier location within walking distance to world-class dining, nightlife, and lifestyle amenities that define the West Hollywood experience. Residents enjoy convenient access to renowned destinations including Sunset Strip, Melrose Avenue, and Beverly Hills, as well as an unparalleled collection of restaurants, boutiques, fitness studios, and creative office hubs that attract entertainment, media, and technology professionals.The property presents investors with a compelling opportunity to implement strategic interior upgrades and operational efficiencies to further enhance rental income and overall asset value. With strong in-place cash flow and the potential for continued appreciation driven by West Hollywood's limited new supply pipeline, 1429 N. Havenhurst Drive represents an ideal acquisition for investors seeking long-term wealth preservation, inflation hedge positioning, and durable income in one of Southern California's most prestigious rental markets. The property also features 2.76% interest-only assumable financing through 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 8.7%. Recent improvements to 1429 Havenhurst include completed seismic retrofit and all new windows throughout the property.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR4*

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Community Structure

View Y/N Yes

View City Lights

Total Parking Spaces 18

Building

Faces South

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5554018011

Acceptable Financing Cash

Listing Terms Cash

Financing Assumed,Cash

Special Listing Condition Standard

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Listed by Dana Brody Dana Brody #01429001

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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1429 Havenhurst DR West Hollywood, CA 90046