1140 Beachwood Drive

Los Angeles, CA 90038

$2,175,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $407 / sqft

1956

calendar_month Built

Property Description

Amazing 10 Unit Income Property Opportunity! 5.4% In-Place Cap in Prime Hollywood Location! 10 Units for $2,175,000! 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 $217,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.4% cap and a 12.8 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! 7.6% Proforma Cap! Don't miss this amazing oportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 1140 Beachwood Drive
City Los Angeles
State CA
Zip 90038
County Los Angeles
Listing Agent Dana Brody DRE#01429001
Courtesy Of Dana Brody
MLS 24356367
List Price $2,175,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,754
Year Built 1956
DOM 84

Exterior Information

Maps

Listing information courtesy of: Dana Brody, Dana Brody . *Based on information from the Association of REALTORS/Multiple Listing as of May 1st, 2024 at 8:31 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.