$3,150,000
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Beverly Glen Blvd Los Angeles, CA 90024
Other
Residence
12
Beds
6
Baths
6,129
Sq. Ft.
0.19
Acre
Lot
Property Activity
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1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zone...d LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.
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MLS#
24-466909
Property Type
Other
Bedrooms
12
Bathrooms
Year Built
1947
Square Feet
6,129
sq. ft
Price per Sq. Ft.
$513.95
Lot Size
0.19
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