$2,175,000
1140 Beachwood Drive, Los Angeles 90038
3
Beds
3
Baths
5,343
Square feet
6,754
Lot Size
10
# Of Units
Listing Agent
Dana Brody - Dana BrodyAmazing 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!
Facts & Features
| MLS® # | 24356367 |
|---|---|
| Price | $2,175,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 5,343 |
| Lot Size | 6,754 |
| Year Built | 1956 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 1140 Beachwood Drive |
|---|---|
| Area | C20 - Hollywood |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90038 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Carport, Detached Carport |
| Garages | Carport, Detached Carport |
| View | City Lights, Hills |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | February 8th, 2024 |
|---|---|
| Days on Market | 100 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Dana Brody |
|---|---|
| Office | Dana Brody |