18-Unit Weho Trophy Asset- 5.45% Cap 1429 Havenhurst Dr 18 Unit Apartment Building $4,900,000 ($272,222/Unit) 5.45% Cap Rate West Hollywood, CA 90046

1429 N. Havenhurst Drive presents the rare opportunity to acquire an exceptionally well-maintained 18-unit apartment community in one of Southern California's most sought-after rental markets. Ideally situated just moments from the iconic Sunset Strip, the property offers investors the opportunity to acquire a stabilized asset with significant upside in an irreplaceable West Hollywood location.
Positioned on a 15,000+ square foot WDR4-zoned lot, the property is 100% occupied and features an attractive mix of spacious one- and two-bedroom residences. Current ownership has invested substantial capital into the asset, including renovated interiors, new dual-pane windows, seismic retrofit work, and central air and heat throughout, creating a turnkey investment with minimal deferred maintenance.
Despite its strong in-place performance, the property still offers over 35% rental upside, providing investors with a clear path to increased cash flow through continued rent growth. Additionally, the oversized lot may offer the opportunity to construct up to seven ADUs (Buyer to Verify), creating meaningful long-term value beyond the existing improvements.
Located in the heart of West Hollywood, residents enjoy immediate access to the Sunset Strip, Santa Monica Boulevard, Melrose Avenue, Beverly Grove, and Beverly Hills. The surrounding neighborhood is home to some of Los Angeles' finest restaurants, luxury retail, entertainment venues, fitness studios, and major employment centers, supporting consistently strong rental demand and long-term appreciation.
With its premier location, proven occupancy history, quality improvements, and substantial value-add potential, 1429 N. Havenhurst Drive represents an exceptional opportunity for investors seeking a high-quality multifamily asset in one of Los Angeles' most supply-constrained and desirable submarkets.
Investment Highlights
Premier West Hollywood location just south of the Sunset Strip
18-unit apartment community on a 15,000+ SF WDR4-zoned lot
100% occupied with strong in-place cash flow
More than 35% rental upside
Potential to add up to 7 ADUs (Buyer to Verify)
Renovated unit interiors
New dual-pane windows
Seismic retrofit completed
Central air conditioning and heating throughout
Walking distance to Sunset Boulevard, Santa Monica Boulevard, Melrose Avenue, restaurants, nightlife, shopping, and entertainment
Excellent long-term appreciation potential in one of Los Angeles' most desirable multifamily investment markets