2448 North Beachwood Drive

Los Angeles, CA 90068

$1,450,000
Last Sold Price
—
Beds
11
Baths
3,070 Sq. Ft.
$472 / Sq. Ft.
3,070
Sq. Ft.
$472
per Sq. Ft.

Description

We are pleased to present an eleven (11) unit apartment building located at 2448 N Beachwood Drive in Los Angeles, California. The subject property is situated in a prime Beachwood Canyon Location, north of Franklin Avenue in the main artery of greater Hollywood Hills. Built in 1942, this property contains a streamlined unit mix of eleven (11) bachelor / one bathroom units. The property is unique with a resort like feel, well-maintained, private, and lush with incredible landscaping. The units have...We are pleased to present an eleven (11) unit apartment building located at 2448 N Beachwood Drive in Los Angeles, California. The subject property is situated in a prime Beachwood Canyon Location, north of Franklin Avenue in the main artery of greater Hollywood Hills. Built in 1942, this property contains a streamlined unit mix of eleven (11) bachelor / one bathroom units. The property is unique with a resort like feel, well-maintained, private, and lush with incredible landscaping. The units have their own covered patio with a retractable bamboo screen, updated flooring, and A/C. The common area includes a laundry facility, barbeque, and outdoor dining area for residents to enjoy. Access to the property is private, gated, & secure. The subject property is less than half a mile away from the exclusive Beachwood Village marketplace, where outdoor enthusiasts prepare for and unwind from the incredible Hollywood Sign and Hollywood Reservoir trails. The entrance to the Hollywood Sign Vista is located just 1.5 miles from the subject property. The neighborhood itself is quiet, tucked into the Greater Hollywood Hills but still half a mile away from the commercial corridor on Franklin Avenue. Tenants will enjoy living in a suburban atmosphere while having easy access across all major transportation hubs through Los Angeles. Situated in a prime Beachwood Canyon location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with two (2) units delivered vacant in one of the most coveted submarkets in Los Angeles.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2448 North Beachwood Drive

Zoning
LARD2
Cross Streets
Franklin Ave & Beachwood Dr
Parcel Number
5580007028
Total Units
11.0
Living Area
3070
Source Living Area
Vendor Enhanced
Area
Hollywood Hills East (C30)
Vacancy Rate
18%

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Marcus & Millichap, Jason Tuvia, DRE #01772495

Add your commute
LISTING UPDATED: 09/02/2022 02:07 PM

Property Details for 2448 North Beachwood Drive

StatusSold
MLS #22-157949
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.16 AC / 6,799 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Sold By Marcus & Millichap, Jason Tuvia, DRE #01772495

Add your commute

Building Information for 2448 North Beachwood Drive

Stories1Residences-Year Built1942Building Size-Lot Size0.16 AC / 6,799 SF

Payment Calculator

$9,419 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$1,506

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2448 North Beachwood Drive

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Market
  • View: Yes
  • View Description: Hills
  • View: Hills
  • Security Features: Gated, Card/Code Access, 24 Hour
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $149,236
  • Net Operating Income: $97,168.00
  • Gross Income: $153,852
  • Cap Rate: 5.18%
  • Gross Rent Multiplier: $12.19
  • Financial Info as Of: 08/01/2022
  • Vacancy Allow Dollar: $4,616.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 53103
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.1561
  • Lot Size Square Feet: 6799
  • Lot Features: Landscaped, Lawn
  • Lot Description: Landscaped, Lawn, Single Lot
  • Lot Location: City, Hillside
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Travertine, Wood
  • Equipment: Washer, Dryer
  • Bathroom Features: Shower Over Tub, Travertine
  • Common Walls: Attached
  • Laundry: Laundry Area
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Covered Porch, Enclosed, Patio Open, Porch - Front, Screened Patio
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-17-2022
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,166.00
  • Unit Actual Rent: $1,166.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 11
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $156,184.00
  • Assessed Improvement Percent: 29.33
  • Assessed Land Value: $376,276.00
  • Assessed Land Percent: 70.67
  • Assessed Total Value: $532,460.00

Property History for 2448 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 2448 North Beachwood Drive

Taxable ValueLand$1,100,000Additions$350,000Total$1,450,000
Tax Record2023$18,071 ($1,506 / month)
Home Facts
Beds3Total Finished SqFt3,070 SqFtAbove Grade Finished SqFt3,070 SqFtStories1Lot Size6,799 SqFtStyleMiscellaneous ResidentialYear Built1942ZoningLARD2CountyLOS ANGELESAPN5580-007-028

Schools near 2448 North Beachwood Drive

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

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.

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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, Jason Tuvia, DRE #01772495

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.