2150 N Beachwood Drive

    Los Angeles (City), CA 90068
    • $4,550,000
    • STATUS: Active Under Contract
    • ON SITE: 70 days
    • ID#: 19486464
    Under Contract
    $4,550,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,175
      SQFT
    • $496
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are 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. Current ownership has recently renovated five of the 14 units with new kitchens and bathrooms including quartz countertops, new cabinets, stainless steel appliances and laminate/tile flooring. An astute investor should be able to implement a thorough interior renovation program to take advantage of the remaining upside in the other 64% of the units.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/96737286

    2150 N Beachwood Drive Los Angeles (City), CA 90068

    • Price: $4,550,000
    • Status: Active Under Contract
    • ID#: 19486464
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    9,175
    SQFT
    $496
    $/SQFT
    1962
    Built
    Neighborhood:
    C30 - Hollywood Hills East
    County:
    Los Angeles
    Area:
    C30 - Hollywood Hills East
    Property Description
    We are 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. Current ownership has recently renovated five of the 14 units with new kitchens and bathrooms including quartz countertops, new cabinets, stainless steel appliances and laminate/tile flooring. An astute investor should be able to implement a thorough interior renovation program to take advantage of the remaining upside in the other 64% of the units.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 4.28 Gross Multiplier 15.01 Gross Operating Income 306232.00 Improvements Amount 1231068 Land Value 1681461 Laundry YN Yes Net Operating Income 194838.00 Special Listing Conditions Standard Total Expenses 102297.00 Zoning Lar3

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604