1140 North Beachwood Drive
$2,049,000
2
10
5,343
5,343
$383
Description
Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM...Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM upon remodeling and re-leasing of a 1 bedroom unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 8.2% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!
- Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01429001 • Dana Brody
Property Details for 1140 North Beachwood Drive
Zoning
LAR3
Cross StreetsSanta Monica Boulevard
Parcel Number5534014019
Total Units10.0
Living Area5343
Source Living AreaVendor Enhanced
AreaHollywood (C20)
Vacancy Rateyes
LISTING UPDATED: 09/30/2024 10:13 AM
Property Details for 1140 North Beachwood Drive
Status | Active |
---|---|
MLS # | 24-356367 |
Days on Market | 291 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1956 |
Lot Size | 0.16 AC / 6,754 SF |
County | Los Angeles County |
Building Information for 1140 North Beachwood Drive
Stories2Residences-Year Built1956Building Size-Lot Size0.16 AC / 6,754 SF
Property Information for 1140 North Beachwood Drive
Property History for 1140 North Beachwood Drive
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1140 North Beachwood Drive
Taxable ValueLand$1,227,672Additions$828,918Total$2,056,590
Tax Record2024$25,788 ($2,149 / month)
Home Facts
Total Finished SqFt5,343 SqFtAbove Grade Finished SqFt5,343 SqFtLot Size6,752 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN5534-014-019
Schools near 1140 North Beachwood Drive
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hollywood Elementary PublicK to 5 | ||
Vine Street Elementary School PublicK to 6 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
Hollywood Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.