1140 North Beachwood Drive
1140 North Beachwood Drive
$2,175,000
2
10
5,343
5,343
$407
Description
5.4% In-Place Cap in Prime Hollywood Location! 10 Units for $2,175,000! 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 $217,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.4% cap and a 12.8 GRM upon remodeling and re-leasing of the unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features...5.4% In-Place Cap in Prime Hollywood Location! 10 Units for $2,175,000! 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 $217,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.4% cap and a 12.8 GRM upon remodeling and re-leasing of the 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! 7.6% Proforma Cap!
- 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
Location
LISTING UPDATED: 04/12/2024 09:23 AM
Property Details for 1140 North Beachwood Drive
Status | Active |
---|---|
MLS # | 24-356367 |
Days on Market | 82 |
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 |
Location
Building Information for 1140 North Beachwood Drive
Stories2Residences-Year Built1956Building Size-Lot Size0.16 AC / 6,754 SF
Payment Calculator
$13,979 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1140 North Beachwood Drive
Property History for 1140 North Beachwood Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$1,203,600Additions$812,700Total$2,016,300
Tax Record2023$25,302 ($2,109 / 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.
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