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$ 4,000,000
Est. payment /mo
Active
733 Huntley DR West Hollywood, CA 90069
9 Beds
12 Baths
6,546 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,546 sqft
Price per Sqft $611
MLS Listing ID 26662047
Bedrooms 9
HOA Y/N No
Year Built 1983
Lot Size 5,057 Sqft
Property Description
We are very pleased to present 733 Huntley Drive, a rare six-unit luxury multifamily asset built in 1983 located in the heart of prime West Hollywood, steps to The Pacific Design Center, West Hollywood Park and Melrose Place. Not subject to local rent control, 733 Huntley Drive boasts an excellent mix of spacious 1,000 square foot one-bedroom units and 1,300 square foot two-bedroom units, all of which can be increased up to 8% annually (5%+3% CPI - Buyer to verify). 733 Huntley Drive is 100% occupied with solids in-place rents and the building also features a modernized elevator and offers tenants ample gated subterranean parking. This rare multi-family offering benefits from 2.76% interest-only assumable financing fixed through 2030, providing strong day-one leveraged cash flow and an approximate cash-on-cash return above 6.2%. Recent property improvements include elevator modernization and roof improvements. 733 Huntley is part of the Sunset Legacy Collection, a rare portfolio offering that provides investors the opportunity to acquire well-maintained apartment assets in premier infill locations with the benefit of extremely attractive assumable financing, including loans with sub-3% interest-only rates and sub-4% long-term fixed financing, creating a highly favorable debt structure that is virtually impossible to replicate in today's interest rate environment. Strategically positioned near some of Los Angeles' most iconic corridors including Sunset Boulevard, Melrose Avenue, Robertson and Ventura Boulevards, the properties benefit from exceptional proximity to the region's premier retail, dining, nightlife, and employment centers. Residents enjoy walkable access to renowned destinations such as Melrose Place, Sunset Strip hospitality and entertainment venues, and the high-end retail and restaurant scene surrounding Beverly Hills and West Hollywood. Additional assets in Valley Village provide exposure to the San Fernando Valley's thriving studio and entertainment employment hubs, while the Pico/Robertson location offers immediate access to Beverly Hills and Century City. The buildings feature a strong mix of one, two and three bedroom units, attractive layouts, and desirable neighborhood settings that continue to drive consistent rental demand from professionals working in media, entertainment, technology, and hospitality sectors throughout Los Angeles. The Sunset Legacy Collection represents a rare portfolio acquisition opportunity, offering scale in premier Los Angeles submarkets combined with exceptionally favorable assumable financing and long-term investment stability. The portfolio is ideally suited for a high-net-worth investor or family office seeking high-quality multi-family assets in irreplaceable locations with strong long-term rental demand. For sophisticated investors seeking to acquire one or more of these trophy assets, 733 Huntley Drive can be purchased individually or as part of the Sunset Legacy Collection.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR2
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Oven
Exterior
Parking Features Controlled Entrance, Community Structure
Community Features Gated
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4337014066
Security Features Security Gate,Gated Community
Acceptable Financing Cash
Listing Terms Cash
Financing Assumed,Cash
Special Listing Condition Standard
Virtual Tour https://vimeo.com/1172499372/2728382f93
Listed by Dana Brody Dana Brody #01429001
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