18 Units in Prime WeHo | 5.3% Cap 1429 Havenhurst Dr 18 Unit Apartment Building $5,000,000 ($277,778/Unit) 5.32% Cap Rate West Hollywood, CA 90046

West Hollywood Trophy Asset | 18 Units | 2.76% Assumable Debt | A+ Sunset Strip Location
The Brody Group of Marcus & Millichap is proud to exclusively present 1429 N. Havenhurst Drive—a trophy 18-unit multifamily asset located in a prime West Hollywood A+ location, just south of Sunset Boulevard and west of Crescent Heights.
Offered at $5,000,000 (~$277K/unit), the property presents a rare opportunity to acquire scale, stability, and below-market financing in one of the most supply-constrained and high-demand rental markets in Southern California.
Built in 1949 and totaling approximately 13,824 SF, the asset features a desirable mix of spacious one- and two-bedroom units, many of which benefit from natural light, functional layouts, and classic character that continue to resonate with West Hollywood’s affluent renter base. The property is 100% occupied, delivering immediate, stable cash flow, with additional upside through interior renovations and operational efficiencies over time.
Positioned on a quiet, tree-lined street, yet just moments from the Sunset Strip, Santa Monica Boulevard, and Melrose Avenue, the property offers a true walkable lifestyle surrounded by world-class dining, nightlife, retail, and employment hubs. This location consistently attracts high-income tenants across entertainment, media, and technology sectors, supporting durable demand and long-term rent growth.
What truly differentiates this offering is the 2.76% interest-only assumable loan, providing a significant spread to current debt markets and delivering immediate positive leverage, enhanced cash flow, and downside protection—a financing advantage that is increasingly rare and difficult to replicate.
1429 N. Havenhurst Drive represents a generational opportunity to acquire a fully stabilized West Hollywood asset combining irreplaceable location, durable in-place income, and below-market financing.
Investment Highlights
SUB-3% ASSUMABLE DEBT — UNMATCHED LEVERAGE ADVANTAGE
In-place 2.76% interest-only financing creates immediate payment arbitrage versus today’s 6%+ debt environment, significantly enhancing leveraged returns and day-one cash flow.
A+ WEST HOLLYWOOD LOCATION — STEPS FROM SUNSET STRIP
Positioned in a premier pocket west of Crescent Heights, just south of Sunset Boulevard—one of LA’s most coveted, walkable, and supply-constrained rental markets.
SCALE IN A HIGH-BARRIER SUBMARKET (18 UNITS)
Rare opportunity to acquire critical mass in West Hollywood, where assets of this size are tightly held and infrequently traded.
STABILIZED CASH FLOW WITH UPSIDE
100% occupied asset providing immediate income stability, with the ability to grow rents through strategic renovations and turnover over time.
PROVEN VALUE-ADD WITH RENTAL UPSIDE
Large one- and two-bedroom layouts offer a clear path to interior upgrades and premium repositioning, with renovated units achieving top-of-market rents.
BUY TODAY USING YESTERDAY’S COST OF CAPITAL
Lock in 2.76% IO debt while competitors underwrite at materially higher rates—creating a meaningful competitive advantage and embedded financial arbitrage.
DEFENSIVE + OFFENSIVE INVESTMENT PROFILE
Strong tenancy and prime location provide downside protection, while rent growth and long-term appreciation drive upside.
IRREPLACEABLE INFILL REAL ESTATE
Located in a globally recognized, high-demand rental market supported by affluent demographics, limited new supply, and sustained demand from entertainment, media, and creative industries.