Listing Courtesy of: Dana Brody - Dana Brody 818-212-2757
$2,095,000 affordable loan icon Calculate Payment

Beachwood Dr Los Angeles, CA 90038

Down payment assistance icon
Other Residence
2 Beds
10 Baths
5,343 Sq. Ft.
0.16 Acre Lot
Save
Share

Property Activity

Time on Site
days
Days on Market
Views
Saves
Last updated on 9/27/2024 11:56 PM

Listing Details

New Price! Amazing 10 Unit Income Property Opportunity! 5.7% In-Place Cap in Prime Hollywood Location! 10 Units for $2,095,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered ...well below replacement cost at $209,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.7% cap and a 12.3 GRM upon remodeling and re-leasing of the unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 7.9% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each! Continue reading
MLS#
24-356367
Property Type
Other
Bedrooms
2
Bathrooms
Year Built
1956
Square Feet
5,343 sq. ft
Price per Sq. Ft.
$392.10
Lot Size
0.16
See more listing details   See less listing details  

Receive an email as soon as the price changes

Receive an email

as soon as the price changes
Get Price Alerts
price alerts icon

Get Price Alerts

Don't miss your chance. Receive an email as soon as the price changes.

Notify Me

Get email alerts when
a home price changes

Sign up
view of kitchen

My Drive Time

Enter your work address to view actual drive times with traffic for this property.

Calculate & Save
 

Calculating ...
Here is the weekday INRIX Drive Time from this property to . Change Address

Walk Score

Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

View More   View Less  
Source: Walk Score®

Mortgage Calculator

How much home can I afford?

Get prequalified today and learn more.

Get Started

Rental Valuation Estimate

rental value icon
Per Month
See More Trends
Listing Courtesy of: Dana Brody - Dana Brody 818-212-2757
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 9/28/2024. 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.
This content last refreshed on 9/27/2024 11:56 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
Prequalify