819 Beacon Avenue

Los Angeles, CA 90017

$2,375,000
Price
8
Beds
15
Baths
10,340 Sq. Ft.
$230 / Sq. Ft.
10,340
Sq. Ft.
$230
per Sq. Ft.

Description

We are pleased to present 819 Beacon Ave, a charming 15-unit multifamily property located in the vibrant Westlake neighborhood of Los Angeles. Constructed in 1906, this property comprises a balanced mix of 7 single and 8 one-bedroom units, spread across a building area of 10,340 square feet on a 7,750 square foot lot. Its proximity to the trendy area of Koreatown and the bustling downtown Los Angeles offers investors a unique blend of historical charm and access to a dynamic urban lifestyle, attracting...We are pleased to present 819 Beacon Ave, a charming 15-unit multifamily property located in the vibrant Westlake neighborhood of Los Angeles. Constructed in 1906, this property comprises a balanced mix of 7 single and 8 one-bedroom units, spread across a building area of 10,340 square feet on a 7,750 square foot lot. Its proximity to the trendy area of Koreatown and the bustling downtown Los Angeles offers investors a unique blend of historical charm and access to a dynamic urban lifestyle, attracting a broad tenant base. At 819 Beacon Ave, through strategic renovations, investors have the opportunity to capture up to 25% market rental upside. The property's utility setup also offers a cost-saving opportunity. Since it is master-metered, introducing Ratio Utility Billing Systems (RUBS) for new leases could lower utility expenses significantly, increasing cash flow. Complementing these financial benefits, 819 Beacon Ave boasts a prime location with a 92 Walk Score and an excellent Transit Score of 88. Dubbed a Walker's Paradise, it offers residents unparalleled convenience with immediate access to a plethora of local amenities, dining, shopping, and entertainment options, enhancing its appeal to a wide tenant base. The strategic location of 819 Beacon Ave not only ensures easy day-to-day living but also places it near key Los Angeles hubs such as Koreatown, Downtown LA, Hollywood, and Mid-Wilshire. This connectivity adds significantly to its tenant appeal and underpins strong rental demand. Coupled with the potential for aesthetic and functional enhancements, this positions 819 Beacon Ave as a prime investment opportunity in a thriving market.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 819 Beacon Avenue

Zoning
LAR3
Parcel Number
5142015015
Total Units
15.0
Living Area
10340
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0
Lot Size Area
7752
LISTING UPDATED: 06/27/2024 07:50 PM

Property Details for 819 Beacon Avenue

StatusActive
MLS #24-398233
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.18 AC / 7,752 SF
CountyLos Angeles County

Building Information for 819 Beacon Avenue

Stories2Residences-Year Built1906Building Size-Lot Size0.18 AC / 7,752 SF

Property Information for 819 Beacon Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $230,082
  • Net Operating Income: $120,298.00
  • Gross Income: $230,082
  • Cap Rate: 5.07%
  • Gross Rent Multiplier: $10.12
  • Other Income1: $3,540.00
  • Total Annual Expense: 109784
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.178
  • Lot Size Square Feet: 7752
  • Lot Size Dimensions: 50x155
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-31-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,101.00
  • Unit Actual Rent: $7,704.00
  • Unit Projected Rent: $1,595.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,445.00
  • Unit Actual Rent: $11,559.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $353,593.00
  • Assessed Improvement Percent: 41.61
  • Assessed Land Value: $496,275.00
  • Assessed Land Percent: 58.39
  • Assessed Total Value: $849,868.00

Property History for 819 Beacon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 819 Beacon Avenue

Taxable ValueLand$496,275Additions$356,538Total$852,813
Tax Record2023$11,839 ($987 / month)
Home Facts
Total Finished SqFt10,340 SqFtAbove Grade Finished SqFt10,340 SqFtLot Size7,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1906ZoningLAR3CountyLOS ANGELESAPN5142-015-015

Schools near 819 Beacon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Tenth Street Elementary School
Public1 to 5

John H. Liechty Middle School
Public6 to 8

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.

819 Beacon Avenue is a multi-family home for sale in Los Angeles, CA 90017. This property was listed for sale on May 31, 2024 by Marcus & Millichap, it's currently listed at $2,375,000. It has been on the market for a total of 98 days and was last sold on February 9, 2010. This listing's school district is Los Angeles Unified School District. Nearby schools include Tenth Street Elementary School, John H. Liechty Middle School and Contreras Learning Center-School Of Social Justice. 819 Beacon Avenue is a 8-bed, 15-bath, 10,340 sqft multi-family home built in 1906.

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, Oscar Diaz, DRE #02022902

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.