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2592 N Beachwood Dr - 2592-2598 N Beachwood Dr 4 Unit Apartment Building Offered at $2,125,000 at a 4.75% Cap Rate Los Angeles, CA 90068
Investment Highlights
- Beautiful original bungalow in lush gardens split into 2 units. 2 re-done patio units above a 4 car garage.
- Huge lot over 4 APN's
- Excellent location in upper Beachwood.
Executive Summary
An extraordinary opportunity presents itself with this 4 unit north Beachwood complex, on a combined almost 35,000 square foot lot, over 4 APNs. Consisting of 2 duplexes, the compound includes an original house split into a main 2 bedroom, 1 bath unit and an additional guest unit with a separate kitchen, bathroom and laundry, set in walled and gated lush, deep gardens away from Beachwood Dr. The other structure is 2 one bedroom, one bath units above a 4 car garage, behind the original house. Beautifully remodeled and rent-ready, with gorgeous private outdoor patios. This is a terrific investment opportunity in a perennially popular rental location, a perfect owner/user opportunity to live in the house and rent out the units, or a exceptional development opportunity. Guest house and two units will be delivered vacant. Surrounded by mature greenery, and set back from the street, the property is superbly located just steps to the iconic Beachwood Cafe & Market, Griffith Park and Franklin Village, with commuter friendly access to major hubs of commerce and entertainment.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,624
|
$60.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,624
|
$60.58
|
| Taxes |
$22,800
|
$9.36
|
| Operating Expenses |
$23,800
|
$9.77
|
| Total Expenses |
$46,600
|
$19.12
|
| Net Operating Income |
$101,024
|
$41.45
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $147,624 |
| Annual Per SF | $60.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,624 |
| Annual Per SF | $60.58 |
| Taxes | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $9.36 |
| Operating Expenses | |
|---|---|
| Annual | $23,800 |
| Annual Per SF | $9.77 |
| Total Expenses | |
|---|---|
| Annual | $46,600 |
| Annual Per SF | $19.12 |
| Net Operating Income | |
|---|---|
| Annual | $101,024 |
| Annual Per SF | $41.45 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,202 | - |
| 1+1 | 1 | $3,000 | - |
| 1+1 | 1 | $2,850 | - |
| Studios | 1 | $2,250 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $3,193,296 (2025) | |
| Land Assessment | $2,319,078 (2025) | Annual Taxes | $22,800 ($9.36/SF) |
| Improvements Assessment | $874,218 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$2,319,078 (2025)
Improvements Assessment
$874,218 (2025)
Total Assessment
$3,193,296 (2025)
Annual Taxes
$22,800 ($9.36/SF)
Tax Year
2026
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2592 N Beachwood Dr - 2592-2598 N Beachwood Dr
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