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1357-1361 S Beverly Glen Blvd 7 Unit Apartment Building $3,325,000 ($475,000/Unit) 4.50% Cap Rate Los Angeles, CA 90024



INVESTMENT HIGHLIGHTS
- Premier Westside location on prestigious Beverly Glen Blvd
- Significant rental upside
- Apartments boast elegant hardwood flooring, sleek granite countertops, and state-of-the-art stainless steel appliances
- Excellent unit mix
- Ideal opportunity for both an owner-user or investor
- Available separately or as a package with 1940 S Beverly Glen Blvd (8 units) and 1944 S Beverly Glen Blvd (8 units)
EXECUTIVE SUMMARY
Nestled in the heart of West Los Angeles, 1357-1361 S Beverly Glen Blvd offers a premier living experience with a blend of modern luxury and urban convenience. Built in 1954, this meticulously maintained 7-unit apartment building features a thoughtfully designed unit mix: one spacious 3-bedroom, 2-bathroom two story townhouse Owner's unit, and six 2-bedroom, 1-bathroom units. Over the years, the property has undergone extensive renovations to meet the demands of modern living. The apartments boast an array of premium finishes, including elegant hardwood flooring, sleek granite countertops, and state-of-the-art stainless steel appliances. Residents will appreciate the addition of dishwashers and air conditioning units, ensuring comfort and convenience year-round. New lighting fixtures throughout the units enhance the modern aesthetic, creating bright and inviting living spaces. Beyond its exceptional interiors, 1357-1361 S Beverly Glen Blvd is ideally located to offer residents easy access to the best of West Los Angeles. The building is within close proximity to major employment centers, shopping districts, and dining establishments, making it an ideal choice for those seeking a vibrant urban lifestyle. The surrounding area boasts a rich cultural scene, with numerous art galleries, theaters, and museums. For those who enjoy outdoor activities, nearby parks and recreational facilities offer ample opportunities for leisure and fitness. For investors, 1357-1361 S Beverly Glen Blvd presents a compelling opportunity. The building caters to a broad tenant base, enhancing occupancy rates and rental income potential. The recent renovations ensure that the property remains competitive in the market while attracting quality tenants. Additionally, the property's prime location in West Los Angeles positions it favorably for long-term appreciation. Investors can anticipate steady rental income and potential for property value growth. Residents enjoy more than just a place to live they experience a community that values quality, comfort, and convenience. Whether you're relaxing in your beautifully renovated apartment or exploring the dynamic neighborhood, this property offers a living experience that truly feels like home. 1357-1361 S Beverly Glen Blvd is available separately or as a package along with 1940 S Beverly Glen Blvd ($2,995,000 8 units) and 1944 S Beverly Glen Blvd ($2,850,000 8 units).
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $3,325,000 | Apartment Style | Low-Rise |
| Price Per Unit | $475,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.50% | Building Size | 9,102 SF |
| Gross Rent Multiplier | 13.06 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price | $3,325,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Gross Rent Multiplier | 13.06 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 9,102 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Balcony
- Fireplace
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,764 | - |
| 3+2.5 | 1 | $4,495 | - |
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PROPERTY TAXES
| Parcel Number | 4327-003-020 | Improvements Assessment | $651,742 (2025) |
| Land Assessment | $1,309,287 (2025) | Total Assessment | $1,961,029 (2025) |
PROPERTY TAXES
Parcel Number
4327-003-020
Land Assessment
$1,309,287 (2025)
Improvements Assessment
$651,742 (2025)
Total Assessment
$1,961,029 (2025)
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1357-1361 S Beverly Glen Blvd
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