1314 South Beverly Glen Boulevard

Los Angeles, CA 90024

$3,150,000
Price
12
Beds
6
Baths
6,129 Sq. Ft.
$514 / Sq. Ft.
6,129
Sq. Ft.
$514
per Sq. Ft.

Description

1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly...1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.
  1. Listed by Benjamin Lewin • DRE #02040686 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1314 South Beverly Glen Boulevard

Zoning
LAR3
Parcel Number
4327011006
Total Units
6.0
Living Area
6129
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
33%
Lot Size Area
8092
LISTING UPDATED: 11/25/2024 12:49 PM

Property Details for 1314 South Beverly Glen Boulevard

StatusActive
MLS #24-466909
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.19 AC / 8,092 SF
CountyLos Angeles County

Building Information for 1314 South Beverly Glen Boulevard

Stories-Residences-Year Built1947Building Size-Lot Size0.19 AC / 8,092 SF

Property Information for 1314 South Beverly Glen Boulevard

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 6
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $213,048
  • Net Operating Income: $141,600.00
  • Gross Income: $218,400
  • Cap Rate: 4.50%
  • Gross Rent Multiplier: $14.42
  • Vacancy Allow Dollar: $6,552.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 71448
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1858
  • Lot Size Square Feet: 8092
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Covered Parking: 6
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,600.00
  • Unit Actual Rent: $3,600.00
  • Unit Projected Rent: $3,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,110.00
  • Unit Actual Rent: $2,110.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,550.00
  • Unit Actual Rent: $3,550.00
  • Unit Projected Rent: $3,550.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,195.00
  • Unit Actual Rent: $3,195.00
  • Unit Projected Rent: $3,195.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 1314 South Beverly Glen Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1314 South Beverly Glen Boulevard

Taxable ValueLand$147,075Additions$132,176Total$279,251
Tax Record2024$4,478 ($373 / month)
Home Facts
Total Finished SqFt6,129 SqFtAbove Grade Finished SqFt6,129 SqFtLot Size8,090 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLAR3CountyLOS ANGELESAPN4327-011-006

Schools near 1314 South Beverly Glen Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 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.

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1314 South Beverly Glen Boulevard is a multi-family home for sale in Los Angeles, CA 90024. This property was listed for sale on November 25, 2024 by Marcus & Millichap, it's currently listed at $3,150,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Fairburn Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 1314 South Beverly Glen Boulevard is a 12-bed, 6-bath, 6,129 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, 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.