1140 N Beachwood Drive Los Angeles, CA ^$ 2,175,000

1140 N Beachwood Drive

^$ 2,175,000

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1140 N Beachwood Drive

Los Angeles, CA, 90038

^$ 2,175,000

Bedrooms2 Baths10.0 Sq 5,343

Monthly Estimate*

^$ 15,193

Listed by Dana Brody

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Multi-Family Home for sale in Los Angeles, CA

for $2,175,000 with 2 bedrooms and 10 full baths. This 5,343 square foot home was built in 1956 on a lot size of 0.1551.

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!

Multi-Family Active

Price

^$ 2,175,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1551

Year Built

1956

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24356367

Days on Market

Features

General

Heating WallFurnace

Cooling WallWindowUnits

Possession CloseOfEscrow

Appliances Refrigerator

Zoning LAR3

Security Features GatedCommunity

Year Built 1956

Tenant Pays Electricity Gas

View CityLights Hills

Stories 2

Levels Two

Gross Income 169080.0

Community Features Gated

County Los Angeles

Net Operating Income 117204.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Facing Direction West

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions Santa Monica Boulevard left onto Beachwood Drive

City Los Angeles

View Y/N Y

Senior Community Y/N N

Total Units 10

MLS Area C20 - Hollywood

Lot Size Square Feet 6754.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Beachwood

Listing Terms Cash

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 64

Standard Status Active

Cap Rate 5.4

Exterior

Parking Features Carport DetachedCarport

Total Parking 6.0

Lot Size Area 6754.0

Number of Buildings 1

Spa N

Building Area Total 5343.0

Lot Dimensions 50x135

Lot Size Acres 0.1551

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Drive

Laundry Features LaundryRoom

Total Bedrooms 2

Electric On Property Y/N N

Total Baths 10

Internal Only

Street Number 1 1140

* Excluded Features

List By

Dana Brody

Broker

(818) 212-2757

Phone

Affordability Calculator

$15,193

Per Month

Monthly Principal & Interest: $15,193
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 8%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/12/2024	$2,175,000	-5.39%	Price Down
2/8/2024	$2,299,000		Listed Price

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1140 N Beachwood Drive, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $2,175,000 with 5,343 sqft and a lot size of 0.1551. 1140 N Beachwood Drive has 2 bedrooms, 10.0 baths, and was built in 1956. The property's zip code is 90038 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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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1140 N Beachwood Drive

Multi-Family Home for sale in Los Angeles, CA

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