2150 N Beachwood Drive

    Los Angeles (City), CA 90068
    • $4,550,000
    • STATUS: Pending
    • ON SITE: 74 days
    • ID#: 19486464
    Pending
    UPDATED: 39 min ago
    $4,550,000
    • 18
      BEDS
    • 0.25
      ACRES
    • 21
      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 CARETS as of 2019-09-23T15:49:35.19. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/96734312

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

    • Price: $4,550,000
    • Status: Pending
    • Updated: 39 min ago
    • ID#: 19486464
    18
    Beds
    21
    Baths
    0
    ½ Baths
    0.25
    Acres
    9,175
    SQFT
    $496
    $/SQFT
    1962
    Built
    Neighborhood:
    Hollywood Hills East (C30)
    County:
    Los Angeles
    Area:
    Hollywood Hills East (C30)
    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

    Parking Features Covered Parking Parking Spaces Total 18

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.75 Unit Number Of Bath04 1.75 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 303232.00 Assessed Improvement Value 1231068.00 Assessed Land Value 1681461.00 Cap Rate 4.28 Country United States Of America Expense Total Annual 102297.00 Gross Operating Income 306232.00 Gross Rent Multiplier 15.01 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 194838.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 1507.00 Unit Monthly Rent02 1586.00 Unit Monthly Rent03 1854.00 Unit Monthly Rent04 2111.00 Unit Projected Total Monthly Rent01 4650.00 Unit Projected Total Monthly Rent02 7800.00 Unit Projected Total Monthly Rent03 7950.00 Unit Projected Total Monthly Rent04 10800.00 Unit Total Monthly Rent01 4520.00 Unit Total Monthly Rent02 6345.00 Unit Total Monthly Rent03 5960.00 Unit Total Monthly Rent04 8444.00 Unit Type01 3 Unit Type02 4 Unit Type03 3 Unit Type04 4 Units Total In Complex 14 Zoning Lar3

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from CARETS as of 2019-09-23T15:49:35.19. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361