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1429 Havenhurst Drive

West Hollywood, CA 90046
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Bed 20

Bed

Bath 0

Bath

SqFt13,824

Sqft

SqFt15,224

Sqft(Lot)

Rare opportunity to acquire an 18-unit West Hollywood apartment community just steps from the iconic Chateau Marmont, offered at only $272,000 per unit and $354 per square foot. This fully occupied asset delivers an attractive 5.45% in-place cap rate and 13 GRM, with a projected 8.6% proforma cap rate and 9 GRM through strategic renovations and operational enhancements. We are very pleased to exclusively offer for purchase 1429 N. Havenhurst Drive, a premier 18-unit multifamily investment opportunity located in one of Southern California's most prestigious and supply-constrained rental markets. Situated on a quiet, tree-lined street steps from the most desired portion of the Sunset Strip, Melrose Avenue, and Beverly Hills, the property offers investors immediate scale in a highly sought-af ter location characterized by affluent demographics, exceptional walkability, and long-term rent growth. Built in 1957, the property consists of a desirable mix of spacious one- and two-bedroom residences featuring abundant natural light, efficient floor plans, and classic mid-century architecture. Ownership has meticulously maintained the asset, which benefits from beautiful landscaping, strong curb appeal, completed seismic retrofitting, and brand-new dual-pane windows throughout significantly reducing future capital expenditure requirements.From a value-add perspective, the investment thesis is outstanding. Investors have the opportunity to renovate interiors and capture substantial rental upside while preserving strong in-place cash flow. Additionally, the property may accommodate up to seven ADUs (Buyer to Verify), increasing the unit count by nearly 40% and creating a significant long-term value creation opportunity. Residents enjoy immediate access to West Hollywood's world-class dining, entertainment, nightlife, and retail amenities, while remaining minutes from major employment centers serving the entertainment, media, technology, and creative industries. This unmatched location continues to attract a deep pool of high-income renters, supporting strong occupancy and sustained rental demand. With 100% occupancy, proven cash flow, significant rental upside, ADU potential, and irreplaceable West Hollywood positioning, 1429 N. Havenhurst Drive represents one of the most compelling multifamily investment opportunities currently available in the Greater Los Angeles area.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,900,000

AD Id : 76008306

MLS Id : 26661681

Beds : 20

Lot Size : 15,224 Sqft

Living Area Size : 13,824

Year Built : 1949

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 20

    Bathroom Information

    Total Baths: 19
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1949
    Building Area Total: 13824
    Stories: 2
    Private Pool: No
    View: City Lights

  • Lot Information

    Main Square Feet: 15224 Lot Size Acres: 0.3495 Lot Size Source: Assessor Lot Size Square Feet: 15,224

  • Listing Price Information

    Listing Price: $4900000
    Original Price: $6000000
    Cash

  • Tax Information

    Parcel Number: 5554018011

  • Location Information

    Direction: Sunset Boulevard, to Havenhurst,turn right
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Nearby Home Value

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7734 Lexington Avenue, West Hollywood, CA, 90046 $2,295,000 7 -- 1,996 1,996 SqFt
1308 N Ogden Drive, West Hollywood, CA, 90046 $2,649,000 4 4 2,317 2,317 SqFt
900 N Spaulding Avenue, West Hollywood, CA, 90046 $1,649,000 6 4 2,519 2,519 SqFt
1223 N Ogden Drive, West Hollywood, CA, 90046 $1,818,000 4 -- 3,000 3,000 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 10:50

MLS: 26661681 LISTED BY: Dana Brody, Dana Brody 818-212-2757 SOURCE: CRMLS

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