Property Detail

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.