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1140 N Beachwood Dr
Los Angeles, CA 90038
40% Vacant! Huge Value Add Opp. in Hollywood · Multifamily Property For Sale
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10 Units
Investment Highlights
- 10 Units in the Heart of Hollywood - Mix of Studio, 1 and 2 bed units - Aggressively Priced at $2,049,000
- New Townhomes Across Street Renting for $6,750 Per Unit & $1.5 Million Townhomes for Sale Next Door
- Prime Value-Add Opportunity with Excellent Fundamentals, Priced Well Below Replacement Cost
- 90 Walk Score - Situated just South of the World Famous Sunset Boulevard
- 5.8% Cap and 12.1 GRM w/ Vacant Unit Re-Rented on Day 1 - 8.2% Cap and 9.1GRM Proforma
- Echelon Studios to Bring 610,000 SF of Creative Office & Production Studios Less Than 1 Mile Away on Santa Monica Boulevard
Property Facts
| No. Units | 10 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 6,752 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,752 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 5534-014-019 | Improvements Assessment | $843,660 |
| Land Assessment | $1,252,225 | Total Assessment | $2,095,885 |
Property Taxes
Parcel Number
5534-014-019
Land Assessment
$1,252,225
Improvements Assessment
$843,660
Total Assessment
$2,095,885
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