2150 N Beachwood Dr
Los Angeles, CA 90068
$130,000 Price Reduction - Hollywood Hills · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 9,175 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.96/1,000 SF |
| Zoning | R3, Los Angeles | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,175 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R3, Los Angeles |
About 2150 N BEACHWOOD DR , LOS ANGELES, CA 90068
Marcus & Millichap is pleased to offer for sale a 14-unit apartment community located at 2150 North Beachwood Drive in the Hollywood Hills. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought-after submarkets in Los Angeles County. While the current ownership has attentively maintained the property, they have not aggressively raised rents. An astute investor should be able to implement a thorough interior renovation program to take advantage of the estimated 40 percent upside in rental income. The subject property is located North of Franklin just under the eminent Hollywood sign with line of Palm Trees and manicured streets. Residents can enjoy the serenity of Beachwood Canyon and the convenience of Franklin Village, which has a dense assortment of bars, cafes, and fashion-forward shops. Filled with young professionals, the neighborhood is the best kept kind-of-secret in Hollywood. Given the property's premier Hollywood Hills location and the strength of the apartment fundamentals in the Holly-wood submarket, 2150 Beachwood is an ideal investment for an investor seeking strong long term returns and appreciation.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 300 |
| 1+1 | 4 | - | 550 |
| 2+2 | 7 | - | 750 |
Property Taxes
| Parcel Number | 5586-011-020 | Improvements Assessment | $3,280,937 |
| Land Assessment | $1,357,031 | Total Assessment | $4,637,968 |
Property Taxes
