1556 S Beverly Glen Boulevard
Los Angeles, CA, 90024 $ 2,585,000
Bedrooms9 Baths7.0 Sq 6,104 Monthly Estimate*
$ 18,057
Listed by Marcus & Millichap
for $2,585,000 with 9 bedrooms and 7 full baths. This 6,104 square foot home was built in 1941 on a lot size of 0.1622.
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well maintained by the same ownership for over the last 50 years. The building has a great unit mix consisting of four (4) 1 bed/1 bath units, two (2) 2 bed/1 bath units, and one (1) 1 bed/1 bath and bonus room, single family home. Each unit features hardwood & hardwood style floors, most with beautiful bay windows, spacious kitchens with quartz countertops, stainless steel appliances, refrigerator, stove, microwave, and dishwasher. Tenants also have the luxury of a shared on-site laundry. The total size of the building is approximately 6,104 square feet and sits on a 7,063 square foot lot, zoned LAR3.The Subject Property is bordering Century City & Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants will enjoy having very close proximity to the Westfield Century City Mall, just on the other side of Santa Monica Blvd. This neighborhood offers high-end shopping, dining, and entertainment all stemming from the Westwood Village central hub. There are also well-maintained parks, green spaces, and LA Country Club nearby, providing opportunities for outdoor recreation. Commuters will appreciate this property's central location in Century City/Westwood provides easy access to popular public transit options and major arterial thoroughfares like the 10 and 405 freeways. An experienced investor looking to target rental upside in a highly-sought-after neighborhood will capitalize on strong opportunity in the South Beverly Glen Apartments.
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FeaturesGeneralHeating Electric NaturalGas
Cooling WallWindowUnits
Appliances Dishwasher Microwave Refrigerator
Zoning LAR3
Year Built 1941
Stories 2
Levels Two
Gross Income 152568.0
County Los Angeles
Net Operating Income 84235.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Santa Monica Boulevard and South of Wilshire Boulevard
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 7
MLS Area C05 - Westwood - Century City
Lot Size Square Feet 7065.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Beverly Glen
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 150
Standard Status Active
Cap Rate 3.26
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ExteriorParking Features Assigned
Total Parking 6.0
Lot Size Area 7065.0
Number of Buildings 1
Spa N
Building Area Total 6104.0
Lot Size Acres 0.1622
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal 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 Boulevard
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 7
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $18,057
- Monthly Property Taxes
- --
- Monthly 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.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,031,098
Percent of Sale Price 21%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $2,585,000 | -4.79% | Price Down |
1/18/2024 | $2,715,000 | -9.35% | Price Down |
11/28/2023 | $2,995,000 | | Listed Price |