Sunset Legacy Collection — Sale in West Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Hollywood, CA 90046

Photos

Sunset Legacy Collection — Sale in West Hollywood, CA, photo 1 of 3
Sunset Legacy Collection — Sale in West Hollywood, CA, photo 2 of 3
Sunset Legacy Collection — Sale in West Hollywood, CA, photo 3 of 3

Investment Figures

Cap rate
5.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1429 N. Havenhurst Drive presents the rare opportunity to acquire an exceptionally well-maintained 18-unit apartment community in one of Los Angeles' most desirable and supply-constrained multifamily markets, just steps from the world-famous Sunset Strip. Situated on an expansive 15,220-square-foot WDR4-zoned lot, the property combines stable in-place income, significant rental upside, extensive capital improvements, and long-term redevelopment potential. Opportunities to acquire apartment communities of this size and quality in the Sunset Strip submarket are increasingly limited, making 1429 N. Havenhurst a compelling investment for private investors, family offices, and institutional buyers seeking long-term wealth preservation and appreciation. The property has been meticulously maintained and features numerous recent capital improvements, including a completed seismic retrofit, new dual-pane windows throughout, central air conditioning and heat, and many beautifully renovated apartments with modern kitchens, bathrooms, flooring, and finishes. These improvements enhance tenant appeal while minimizing near-term capital expenditure requirements for future ownership. Currently 100% occupied, the property benefits from historically strong tenant demand driven by its premier West Hollywood location. Investors have the opportunity to capitalize on more than 35% rental upside through natural tenant turnover while further enhancing value through the potential addition of up to seven Accessory Dwelling Units (ADUs)(Buyer to Verify). This combination of stable current income and multiple value-creation strategies positions the asset for both immediate cash flow and meaningful long-term growth. Offered at $4,700,000 ($261,111 per unit), the property represents an attractive entry point into one of Southern California's strongest apartment markets. With a 13.9 GRM, substantial embedded rental upside, and a rare large land parcel, 1429 N. Havenhurst provides investors with a

Market Context

This multifamily in West Hollywood, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in West Hollywood, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in West Hollywood, CA