1556 South Beverly Glen Boulevard

Los Angeles, CA 90024

$2,585,000
Price
9
Beds
7
Baths
6,104 Sq. Ft.
$423 / Sq. Ft.
6,104
Sq. Ft.
$423
per Sq. Ft.

Description

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well...This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well maintained by the same ownership for over the last 50 years. The building has a great unit mix consisting of four (4) 1 bed/1 bath units, two (2) 2 bed/1 bath units, and one (1) 1 bed/1 bath and bonus room, single family home. Each unit features hardwood & hardwood style floors, most with beautiful bay windows, spacious kitchens with quartz countertops, stainless steel appliances, refrigerator, stove, microwave, and dishwasher. Tenants also have the luxury of a shared on-site laundry. The total size of the building is approximately 6,104 square feet and sits on a 7,063 square foot lot, zoned LAR3. The Subject Property is bordering Century City & Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants will enjoy having very close proximity to the Westfield Century City Mall, just on the other side of Santa Monica Blvd. This neighborhood offers high-end shopping, dining, and entertainment all stemming from the Westwood Village central hub. There are also well-maintained parks, green spaces, and LA Country Club nearby, providing opportunities for outdoor recreation. Commuters will appreciate this property's central location in Century City/Westwood provides easy access to popular public transit options and major arterial thoroughfares like the 10 and 405 freeways. An experienced investor looking to target rental upside in a highly-sought-after neighborhood will capitalize on strong opportunity in the South Beverly Glen Apartments.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1556 South Beverly Glen Boulevard

Zoning
LAR3
Parcel Number
4327009034
Total Units
7.0
Living Area
6104
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
0
Lot Size Area
7065

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute
LISTING UPDATED: 04/25/2024 11:10 AM

Property Details for 1556 South Beverly Glen Boulevard

StatusActive
MLS #23-334873
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.16 AC / 7,065 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute

Building Information for 1556 South Beverly Glen Boulevard

Stories2Residences-Year Built1941Building Size-Lot Size0.16 AC / 7,065 SF

Payment Calculator

$14,834 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,107

Property Taxes

$727

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1556 South Beverly Glen Boulevard

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $147,991
  • Net Operating Income: $84,235.00
  • Gross Income: $152,568
  • Cap Rate: 3.26%
  • Gross Rent Multiplier: $16.94
  • Vacancy Allow Dollar: $4,577.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 84235
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1622
  • Lot Size Square Feet: 7065
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas, Electric
  • Heating Type: Natural Gas, Electric
  • Equipment: Refrigerator, Range/Oven, Microwave, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-27-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $6,800.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,878.00
  • Unit Actual Rent: $3,756.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,088.00
  • Unit Actual Rent: $2,088.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $118,971.00
  • Assessed Improvement Percent: 18.83
  • Assessed Land Value: $512,884.00
  • Assessed Land Percent: 81.17
  • Assessed Total Value: $631,855.00

Property History for 1556 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 1556 South Beverly Glen Boulevard

Taxable ValueLand$512,884Additions$119,331Total$632,215
Tax Record2023$8,718 ($727 / month)
Home Facts
Total Finished SqFt6,104 SqFtAbove Grade Finished SqFt6,104 SqFtLot Size7,063 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningLAR3CountyLOS ANGELESAPN4327-009-034

Schools near 1556 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 - 6 to 12
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

Magnolia Science Academy 4 School
Charter6 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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1556 South Beverly Glen Boulevard is a multi-family home for sale in Los Angeles, CA 90024. This property was listed for sale on November 27, 2023 by Marcus & Millichap, it's currently listed at $2,585,000. 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. 1556 South Beverly Glen Boulevard is a 9-bed, 7-bath, 6,104 sqft multi-family home built in 1941.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473

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.