2568 North Beachwood Drive

Los Angeles, CA 90068

$2,950,000
Price
6
Beds
5
Baths
5,513 Sq. Ft.
$535 / Sq. Ft.
5,513
Sq. Ft.
$535
per Sq. Ft.

Description

Welcome to "Le B" an exceptional investment opportunity at the highly sought-after N Beachwood Drive, located just below the world-famous Hollywood Sign. This unique property offers two distinct buildings on a prime parcel: a beautifully maintained multi-family residence "Le B" at 2570 N Beachwood Drive and a charming single-family home at 2568 N Beachwood Drive that sits behind 2570 on the hillside. The front building 2570 consists of four updated 1,000 sq. ft. one-bedroom units, each featuring...Welcome to "Le B" an exceptional investment opportunity at the highly sought-after N Beachwood Drive, located just below the world-famous Hollywood Sign. This unique property offers two distinct buildings on a prime parcel: a beautifully maintained multi-family residence "Le B" at 2570 N Beachwood Drive and a charming single-family home at 2568 N Beachwood Drive that sits behind 2570 on the hillside. The front building 2570 consists of four updated 1,000 sq. ft. one-bedroom units, each featuring modern amenities such as stackable washer/dryers, private rear entrances, and stylish finishes that retain a classic Hollywood Victorian charm. One unit even includes a luxuriously heated bathroom floor, adding an extra touch of comfort. The second structure, a cozy two-bedroom, one-bathroom single-family residence, is perched on the hillside. It includes a basement with a washer, dryer, sink, and the potential to add a second bathroom. The residence boasts a serene back patio with steps leading up the hillside, offering a direct view of the iconic Hollywood Sign and an enclosed front patio with city views. This investment property stands out with its 0% vacancy rate and will be sold with tenants in place. Both buildings are fully updated, and meticulously maintained. All units are equipped with central air and heat, ensuring tenant comfort. With panoramic views, premium location, and a strong rental demand, this property is a rare find in the Hollywood Hills. Don't miss your chance to own this one-of-a-kind investment opportunity that promises steady income and long-term value. This opportunity won't last, this property is tenant occupied and do not disturb tenants.
  1. Listed by Lisa Jorgensen • DRE #02120846 • Brokerage DRE #02018471 • Nest Seekers

Property Details for 2568 North Beachwood Drive

Water Front
None
Zoning
LARD2
Style
Victorian
Cross Streets
N. Beachwood Drive & Franklin Avenue
Accessibility Features
None
Parcel Number
5580003026
Total Units
5.0
Living Area
5513
LISTING UPDATED: 11/12/2024 12:01 AM

Property Details for 2568 North Beachwood Drive

StatusActive
MLS #24-455611
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Building Information for 2568 North Beachwood Drive

Stories2Residences-Year Built1928Building Size-Lot Size0.17 AC / 7,502 SF

Property Information for 2568 North Beachwood Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Amenities: None
  • Community Features: Community Mailbox
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Multi Family
  • View: Yes
  • View Description: Hills
  • View: Hills
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Direction Faces: West
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Water Heaters: Yes
  • ADA Compliance: No
Contract Info
Contract Info
  • Probate: No
  • Financing: Conventional
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $206,676
  • Net Operating Income: $180,328.08
  • Gross Income: $206,676
  • Gross Rent Multiplier: $14.27
  • Actual Annual Gross Rent: $206,676.00
  • Actual Gross Annual Income: $206,676
  • Owner Pays: Water, Other
  • Total Annual Expense: 26347.92
  • Water Expense: $700.00
  • Trash Expense: $50.00
  • Tax Expense: $1,167
  • Insurance Expense: $279
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
  • Lot Description: Curbs, Street Lighting
  • Lot Location: Hillside
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 4+ Car
  • Total Parking: 3
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 5
  • Carport Spaces Total: 0
  • Parking Features: Driveway
  • Garage Structures Total: 5.0
Interior Features
Interior Features
  • Rooms: Patio Enclosed, Dining Area
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central, Ceiling Fan
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Laminate, Hardwood, Ceramic Tile
  • Equipment: Garbage Disposal, Dishwasher, Ceiling Fan, Range/Oven, Refrigerator, Other
  • Interior Features: Basement, Detached/No Common Walls
  • Room Kitchen Features: Granite Counters, Tile Counters, Laminate Counters
  • Kitchen Features: Granite Counters, Tile Counters, Laminate Counters
  • Cooking Appliances: Cooktop - Gas
  • Laundry: Laundry Closet Stacked, Other
  • Laundry Equipment: Own
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Patio Features: Other - See Remarks
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-04-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $3,200.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,573.00
  • Unit Actual Rent: $2,573.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Dishwasher: 5
  • Number of Disposal: 5
  • Number of Electric Meters: 5
  • Number of Gas Meters: 5
  • Number Leased: 5
  • Number Patio: 1
  • Number Range: 5
  • Number Refrigerator: 5
  • Number Rented Garages: 5
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $710,083.00
  • Assessed Improvement Percent: 43.09
  • Assessed Land Value: $937,844.00
  • Assessed Land Percent: 56.91
  • Assessed Total Value: $1,647,927.00

Property History for 2568 North Beachwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2568 North Beachwood Drive

Taxable ValueLand$956,600Additions$724,284Total$1,680,884
Tax Record2024$21,479 ($1,790 / month)
Home Facts
Total Finished SqFt5,513 SqFtAbove Grade Finished SqFt5,513 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLARD2CountyLOS ANGELESAPN5580-003-026

Schools near 2568 North Beachwood Drive

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

Joseph Le Conte Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Selma Avenue Elementary School
PublicK to 5

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

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2568 North Beachwood Drive is a multi-family home for sale in Los Angeles, CA 90068. This property was listed for sale on November 4, 2024 by Nest Seekers, it's currently listed at $2,950,000. It has been on the market for a total of 19 days and was last sold on October 25, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Cheremoya Avenue Elementary School, Joseph Le Conte Middle School and Hollywood Senior High School. 2568 North Beachwood Drive is a 6-bed, 5-bath, 5,513 sqft multi-family home built in 1928.

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 Nest Seekers, Lisa Jorgensen, DRE #02120846

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.