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

1140 North Beachwood Drive

^$ 2,175,000

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1140 North Beachwood Drive

Los Angeles, CA, 90038

^$ 2,175,000

Studio Baths0.0 Sq 5,343

Monthly Estimate*

^$ 15,193

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,175,000. This 5,343 square foot home was built in 1956 on a lot size of 0.16.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1956

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024356367

Features

General

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Possession Close of Escrow

Zoning LAR3

Security Features Gated Community

Year Built 1956

Tenant Pays Electricity Gas

View Hills City Lights

Levels Two

County Los Angeles

Net Operating Income 117204.0

New Construction No

Property Type C

HOA / Comm Assn No

Facing Direction West

Status Active

City Los Angeles

Buyer Agent Compensation 2.50

View Y/N Yes

Senior Community Y/N No

MLS Area C20 - Hollywood

Lot Size Square Feet 6754.0

Street Name Beachwood

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Refrigerator

Total Stories 2

Air Conditioning Y/N Yes

Heating Y/N Yes

Street Suffix Drive

Laundry Features Individual Room

Total Baths 0

Exterior

Parking Features Carport Detached Carport

Lot Size Area 6754.0

Building Area Total 5343.0

Lot Dimensions 50x135

Lot Size Acres 0.16

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Dana Brody

Listing Agent

Dana Brody

Broker

Affordability Calculator

$15,193

Per Month

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

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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 ^$2,006,100

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.

793437 Elementary School

793428 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 North 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 0.16. 1140 North Beachwood Drive is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 4/12/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1140 North Beachwood Drive

Multi-Family Home for sale in Los Angeles, CA

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