1140 N Beachwood Dr, Los Angeles, CA 90038

$2,299,000
2
BD
10
BA
5,343
SqFt
List Price
$2,299,000
MLS#
24-356367
Year Built
1956
Bedrooms
2
Bathrooms
10
Living Sq. Ft
5,343
Lot Size
6,754
Days on Market
20
Property Type
Multifamily
Stories
2

Property Description

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 at $230,000 per unit, 1140-42 N. Beachwood Drive offers a 5.04% cap and a 13 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!

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Wall/Window
View
City Lights, City, Hills
Number of Cars in Garage
Carport, Carport Detached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Courtesy of Dana Brody, Dana Brody - CA DRE#01429001

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