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10 GRM, 6.1% CAP $ 194K PPU in Larchmont 4707 Beverly Blvd 9 Unit Apartment Building $1,750,000 ($194,444/Unit) 6.10% Cap Rate Los Angeles, CA 90004



Investment Highlights
- 9-units located minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market.
- Approximately 33% rental upside based on local renovated comparables, with projected stabilization at a 9.35% CAP and 7.35 GRM.
- Functional 2-story layout and unit mix of (1) 2+2 unit, (2) 2+1 units, and (6) 1+1 units that continue to perform well in the Mid-City rental market.
- Offered at $1,750,000, or $194,444 per unit and $262 per SF, operating at a 10.00 GRM and 6.10% CAP on current rents.
- Pricing is positioned competitively relative to recent Larchmont and Hancock Park-adjacent multifamily sales on both a per-unit and per-foot basis.
- Professionally managed asset with a straightforward layout and proximity to Mid-City’s most active dining, retail, and entertainment corridors.
Executive Summary
4707 Beverly Blvd. is a 9-unit offering positioned between several of Mid-City's most active residential and retail corridors. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market, placing residents within reach of one of the city's most concentrated clusters of restaurants, cafs, nightlife venues, and neighborhood retail. Offered at $1,750,000, the property is priced at $194,444 per unit, $262 per SF, and a 10.00 GRM on current rents. The pricing aligns favorably with several recent multifamily sales in the surrounding Larchmont and Hancock Park-adjacent neighborhoods, placing the offering competitively within the local market on both a per-unit and per-foot basis. At projected market rents, the property presents approximately 33% rental upside compared to current in-place rents. Upon stabilization, the asset is projected to operate at a 9.35% CAP and 7.35 GRM. Located between several of Mid-City's most active cultural and dining districts, 4707 Beverly Blvd. benefits from immediate proximity to Larchmont Village, Koreatown, and the expanding retail corridors surrounding Melrose Ave. Residents enjoy access to an extensive mix of restaurants, cafs, specialty grocers, nightlife venues, and neighborhood services, while Paramount Studios and other nearby employment centers continue to generate consistent housing demand throughout the area. With competitive entry pricing, approximately 33% rental upside, and proximity to Larchmont Village, Koreatown, and Paramount Studios, 4707 Beverly Blvd. presents investors with a well-located Mid-City asset supported by strong neighborhood fundamentals and a clear path toward improved long-term performance.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $194,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.10% | Building Size | 6,681 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 | ||
| Price | $1,750,000 |
| Price Per Unit | $194,444 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 10 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,681 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $1,378 | - |
| 2+1 | 2 | $1,329 | - |
| 1+1 | 6 | $1,651 | - |
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 5522-033-011 | Total Assessment | $1,428,446 |
| Land Assessment | $1,169,852 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $258,594 | Tax Year | 2025 |
Property Taxes
Parcel Number
5522-033-011
Land Assessment
$1,169,852
Improvements Assessment
$258,594
Total Assessment
$1,428,446
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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10 GRM, 6.1% CAP $ 194K PPU in Larchmont | 4707 Beverly Blvd
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