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2421 Beachwood Dr. 2421 N Beachwood Dr 7 Unit Apartment Building $1,995,000 ($285,000/Unit) 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 Under Contract
| Price | $1,995,000 | Property Subtype | Apartment |
| Price Per Unit | $285,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.18% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 11.19 | Building Size | 7,784 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| 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 |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,784 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
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 Beachwood Dr. | 2421 N Beachwood Dr
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