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SIDE BY SIDE 4-PLEXES (8 UNITS TOTAL) 726 Westmount Dr 8 Unit Apartment Building $3,180,000 ($397,500/Unit) 4.19% Cap Rate West Hollywood, CA 90069




INVESTMENT HIGHLIGHTS
- Two side-by-side 4-unit properties in prime West Hollywood, each with a separate APN
- Several of the units will be delivered vacant, allowing a buyer to immediately set top-of-market rents
- All of the units offer a semi-private outdoor space—an increasingly rare and desirable amenity
- Located in one of the most prestigious and walkable neighborhoods in Los Angeles
- Six of the eight units include in-unit washer and dryers
- Combined lot size of 11,601 square feet, zoned R2, offering future redevelopment potential
EXECUTIVE SUMMARY
PLEASE CALL LISTING AGENT TO ARRANGE TOURS OF VACANT UNITS. PRICE IS FOR TWO SIDE BY SIDE FOUR PLEXES (8 UNITS TOTAL). Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc., is pleased to present a rare opportunity to acquire two side-by- side 4-unit properties, each with its own APN, located in one of the most prestigious pockets of West Hollywood. Operated and lovingly maintained by the same family for over 65 years, these pride-of-ownership assets offer a unique blend of stable in-place income, immediate upside, and long-term development potential. Built in 1939 and 1940, the properties are mid-century gems that reflect the charm, character, and architectural integrity of that era—an increasingly rare find in today’s market.
Situated in the heart of vibrant West Hollywood, the properties are just steps from celebrated cafes, high-end retail, and iconic entertainment venues—offering residents a true walker's paradise and access to everything the neighborhood is known for. The lots are comprised of two buildings each, and each of those four total buildings house two thoughtfully designed 1-bedroom units with well-laid-out interiors that maximize livability and comfort. The units are flooded with natural light and feature vaulted ceilings, updated kitchens and flooring, and six of the eight include in- unit washer and dryers. All of the units offer a semi-private outdoor space—an increasingly rare and desirable amenity.
The unit mix is ideally suited for the local tenant base, who value stylish living spaces and pedestrian convenience. With several of the units delivered vacant, a new owner has the rare opportunity to immediately achieve top-of-the-market rental rates. Additional features include six covered parking spaces in detached carports—each with an oversized storage cabinet—as well as updated electrical systems and pitched roofs. The combined lot size spans an impressive 11,601 square feet and is zoned R2, offering long-term redevelopment potential in one of Los Angeles’ most resilient and in-demand rental submarkets.
Situated in the heart of vibrant West Hollywood, the properties are just steps from celebrated cafes, high-end retail, and iconic entertainment venues—offering residents a true walker's paradise and access to everything the neighborhood is known for. The lots are comprised of two buildings each, and each of those four total buildings house two thoughtfully designed 1-bedroom units with well-laid-out interiors that maximize livability and comfort. The units are flooded with natural light and feature vaulted ceilings, updated kitchens and flooring, and six of the eight include in- unit washer and dryers. All of the units offer a semi-private outdoor space—an increasingly rare and desirable amenity.
The unit mix is ideally suited for the local tenant base, who value stylish living spaces and pedestrian convenience. With several of the units delivered vacant, a new owner has the rare opportunity to immediately achieve top-of-the-market rental rates. Additional features include six covered parking spaces in detached carports—each with an oversized storage cabinet—as well as updated electrical systems and pitched roofs. The combined lot size spans an impressive 11,601 square feet and is zoned R2, offering long-term redevelopment potential in one of Los Angeles’ most resilient and in-demand rental submarkets.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$213,968
![]() |
$47.76
![]() |
Other Income |
-
![]() |
-
![]() |
Vacancy Loss |
$6,419
![]() |
$1.43
![]() |
Effective Gross Income |
$207,549
![]() |
$46.33
![]() |
Taxes |
-
![]() |
-
![]() |
Operating Expenses |
-
![]() |
-
![]() |
Total Expenses |
$74,445
![]() |
$16.62
![]() |
Net Operating Income |
$133,104
![]() |
$29.71
![]() |
FINANCIAL SUMMARY (PRO FORMA - 2025)
Gross Rental Income | |
---|---|
Annual | $213,968 |
Annual Per SF | $47.76 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | $6,419 |
Annual Per SF | $1.43 |
Effective Gross Income | |
---|---|
Annual | $207,549 |
Annual Per SF | $46.33 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $74,445 |
Annual Per SF | $16.62 |
Net Operating Income | |
---|---|
Annual | $133,104 |
Annual Per SF | $29.71 |
PROPERTY FACTS
Price | $3,180,000 | Apartment Style | Low-Rise |
Price Per Unit | $397,500 | Building Class | C |
Sale Type | Investment | Lot Size | 0.27 AC |
Cap Rate | 4.19% | Building Size | 4,480 SF |
Gross Rent Multiplier | 14.86 | Average Occupancy | 37% |
No. Units | 8 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1940 |
Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
Zoning | WDR2* |
Price | $3,180,000 |
Price Per Unit | $397,500 |
Sale Type | Investment |
Cap Rate | 4.19% |
Gross Rent Multiplier | 14.86 |
No. Units | 8 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.27 AC |
Building Size | 4,480 SF |
Average Occupancy | 37% |
No. Stories | 1 |
Year Built | 1940 |
Parking Ratio | 1.34/1,000 SF |
Zoning | WDR2* |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 8 | - | 560 |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $340,493 | |
Land Assessment | $789,194 | Total Assessment | $1,129,687 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$789,194
Improvements Assessment
$340,493
Total Assessment
$1,129,687
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SIDE BY SIDE 4-PLEXES (8 UNITS TOTAL) | 726 Westmount Dr
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