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2421 N Beachwood Dr - 2421 Beachwood Dr. 7 Unit Apartment Building Offered at $1,995,000 at a 5.18% Cap Rate Los Angeles, CA 90068
INVESTMENT HIGHLIGHTS
- 7 units located in the highly desirable Hollywood Hills/Beachwood Canyon neighborhood of Hollywood
- Large units averaging over 1,000 square feet
- Seismic retrofit has been completed and there is onsite laundry.
- Excellent unit mix consisting of (2) 1+1 units and (5) 2+2 units
- The units have been upgraded as they have turned with new countertops and laminate flooring. All units central HVAC units.
EXECUTIVE SUMMARY
Equity Union Commercial is proud to represent this 7 unit property in Beachwood Canyon.
The building was constructed in 1972. Its unit mix consists of (2) 1+1 units and (5) 2+2 units. With a lot size of 6,634 square feet, the property has a total of 7,784 rentable square feet.
Nestled at the base of the Hollywood Hills, Beachwood Canyon offers a rare blend of old-Hollywood charm, natural beauty, and everyday convenience that’s hard to match in Los Angeles. Tenants are drawn to its quiet, tree-lined streets, iconic Spanish and Mid-Century homes, and a true neighborhood feel—while still being minutes from Hollywood, Studio City, and major freeways. With direct access to Griffith Park hiking trails, cooler canyon temperatures, and stunning views, it feels like a retreat without the commute. Add in a strong sense of community, limited through-traffic, and proximity to studios, dining, and nightlife, and Beachwood Canyon delivers a lifestyle that’s private, peaceful, and unmistakably LA.
The building was constructed in 1972. Its unit mix consists of (2) 1+1 units and (5) 2+2 units. With a lot size of 6,634 square feet, the property has a total of 7,784 rentable square feet.
Nestled at the base of the Hollywood Hills, Beachwood Canyon offers a rare blend of old-Hollywood charm, natural beauty, and everyday convenience that’s hard to match in Los Angeles. Tenants are drawn to its quiet, tree-lined streets, iconic Spanish and Mid-Century homes, and a true neighborhood feel—while still being minutes from Hollywood, Studio City, and major freeways. With direct access to Griffith Park hiking trails, cooler canyon temperatures, and stunning views, it feels like a retreat without the commute. Add in a strong sense of community, limited through-traffic, and proximity to studios, dining, and nightlife, and Beachwood Canyon delivers a lifestyle that’s private, peaceful, and unmistakably LA.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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
| Price | $1,995,000 | Property Type | Multifamily |
| Price Per Unit | $285,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 7,784 SF |
| Cap Rate | 5.18% | No. Stories | 3 |
| Gross Rent Multiplier | 11.19 | Year Built | 1972 |
| No. Units | 7 | ||
| Zoning | LARD2 | ||
| Price | $1,995,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 11.19 |
| No. Units | 7 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 7,784 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Zoning | LARD2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 5585-019-010 | Improvements Assessment | $302,845 |
| Land Assessment | $62,466 | Total Assessment | $365,311 |
PROPERTY TAXES
Parcel Number
5585-019-010
Land Assessment
$62,466
Improvements Assessment
$302,845
Total Assessment
$365,311
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2421 N Beachwood Dr - 2421 Beachwood Dr.
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