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… Read More 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. Read Less
Property listed by Dana Brody, Dana Brody 818-212-2757
Listing Snapshot
Days Online
25
Last Updated
Beds
20
Square Ft.
13,824
Lot Size
0.35 Acres
Year Built
1949
MLS Number
26661681
Additional Details
Building
Built in 1949, Living area: 13824.0, 1 building, Building faces South, 2 stories, Levels: Two
Cooling
CentralAir
Heating
ForcedAir
Income
Gross Income: $380,799, Net Operating Income: $282,797
Lot
0.3495 acres
Parking
18 total parking spaces, CommunityStructure
Property
CityLights
Taxes
Parcel Number: 5554018011, Zoning: WDR4*
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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