Property listed by Dana Brody, Dana Brody 818-212-2757
$4,000,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
25
Last Updated
Beds
9
Square Ft.
6,546
Lot Size
0.12 Acres
Year Built
1983
MLS Number
26662047
Additional Details
Appliances & Equipment
Dishwasher, GasRange, Microwave, Oven
Building
Built in 1983, Living area: 6546.0, 1 building, Levels: ThreeOrMore
Community
Gated
Cooling
CentralAir
Heating
Central
Income
Gross Income: $271,528, Net Operating Income: $175,818
Lot
0.1161 acres
Parking
ControlledEntrance, CommunityStructure
Security Features
SecurityGate, GatedCommunity
Taxes
Parcel Number: 4337014066, Zoning: WDR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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