1849 Beloit Ave | Los Angeles, CA 90025
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- LoopNet Team
1849 Beloit Ave
Los Angeles, CA 90025
9 Units Steps from Sawtelle @ $255K per Unit · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- A well-located asset with character, upside, and reliable fundamentals in a location where tenants consistently pay premiums for lifestyle and access.
- Sits at the center of a high-income tenant base, surrounded by financial, legal, entertainment, and medical offices that line the Wilshire Corridor.
- Currently offered at $255,556 per unit and $320 per foot.
- Positioned in the heart of Sawtelle, 1849 Beloit is a value-add complex surrounded by one of LA's most vibrant dining and cultural corridors.
- Located near Westfield Century City, San Vicente Blvd in Brentwood, downtown Santa Monica, and UCLA, the address checks every box for location-driven
- Approx. 59% rental upside, 1849 Beloit will stabilize at a 8.44% CAP and 8.78 GRM based on market rents for renovated units in the area.
PROPERTY FACTS
| No. Units | 9 | Building Size | 7,181 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LAR3 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,181 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $1,614 | - |
| 1+1 | 5 | $1,632 | - |
| Studios | 1 | $1,395 | - |
PROPERTY TAXES
| Parcel Number | 4261-020-017 | Improvements Assessment | $554,138 |
| Land Assessment | $1,231,423 | Total Assessment | $1,785,561 |
PROPERTY TAXES
Parcel Number
4261-020-017
Land Assessment
$1,231,423
Improvements Assessment
$554,138
Total Assessment
$1,785,561
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