2150 N Beachwood Drive

    Los Angeles (City), CA 90068
    • $4,690,000
    • STATUS: Active
    • ON SITE: 20 days
    • ID#: 18350120
    UPDATED: 54 min ago
    $4,690,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,175
      SQFT
    • $511
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    I am pleased to offer for sale a 14-unit apartment community located at 2150 North Beachwood Drive in the Hollywood Hills. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought after submar-kets in Los Angeles County. While the current ownership has attentively maintained the property, they have not aggressively raised rents. An astute investor should be able to implement a thorough interior renovation program to take advantage of the estimated 40 percent upside in rental income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T17:34:41.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84161652

    2150 N Beachwood Drive Los Angeles (City), CA 90068

    • Price: $4,690,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: 18350120
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    9,175
    SQFT
    $511
    $/SQFT
    1962
    Built
    Neighborhood:
    C30 - Hollywood Hills East
    County:
    Los Angeles
    Area:
    C30 - Hollywood Hills East
    Property Description
    I am pleased to offer for sale a 14-unit apartment community located at 2150 North Beachwood Drive in the Hollywood Hills. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought after submar-kets in Los Angeles County. While the current ownership has attentively maintained the property, they have not aggressively raised rents. An astute investor should be able to implement a thorough interior renovation program to take advantage of the estimated 40 percent upside in rental income.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.73 Gross Multiplier 16.62 Gross Operating Income 285133.00 Improvements Amount 1231068 Land Value 1681461 Laundry YN Yes Net Operating Income 174961.00 Special Listing Conditions Standard Total Expenses 101707.00 Zoning Lar3

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-22T17:34:41.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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