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Multifamily

2448 N Beachwood Dr

2448 N Beachwood Dr, Los Angeles, CA 90068

Listing Price: $2,150,000

Cap Rate
4.37%
Number of Units
11
Occupancy
82.0%
Price/Unit
$195,455
Price/Gross SF
$700.33
Gross SF
3,070

Investment Overview

Marcus and Millichap is 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. Beachwood Canyon is wedged into the eastern portion of the Santa Monica Mountains and sits directly below the iconic Hollywood Sign. It is home to one of the original Hollywood Hills neighborhoods, Hollywoodland, perched on the southern facing slopes. Situated as a natural sanctuary in the middle of an enormous city, residents get all the benefits of peaceful living with easy access to all of Los Angeles’ world-class amenities. Tenants of Beachwood Canyon also get amazing outdoor recreational opportunities. The subject property is right below the iconic Hollywood Sign hiking trail, but there are many other trails as well. Some of these include the Beachwood Canyon Secret Stairs, Lake Hollywood Park, the Hollywood Reservoir, and many others. The neighborhood is also home to exclusive shopping and dining. Just one (1) mile north of Franklin Avenue, Beachwood Village has several small businesses such as a grocery store, a restaurant, and a flower shop. Beachwood Market, the grocery store, is the anchor tenant of the shopping center with Beachwood Café sitting right next door. 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.

Investment Highlights

  • Prime Beachwood Canyon Location
  • Positive Initial Cash Flow
  • Two (2) Units Delivered Vacant
  • Unique Property with Resort Like Feel
  • Front Row View of the Hollywood Sign
  • Units Feature Private Patios, Updated Flooring, and A/C
  • Well-Maintained Property with Secure Gated Access
  • Owner Owned Laundry Machines

Exclusively Listed By

Financing By

Multifamily

2448 N Beachwood Dr

Listing Price: $2,150,000

Cap Rate
4.37%
Number of Units
11
Occupancy
82.0%
Price/Unit
$195,455
Price/Gross SF
$700.33
Gross SF
3,070

Investment Highlights

  • Prime Beachwood Canyon Location
  • Positive Initial Cash Flow
  • Two (2) Units Delivered Vacant
  • Unique Property with Resort Like Feel
  • Front Row View of the Hollywood Sign
  • Units Feature Private Patios, Updated Flooring, and A/C
  • Well-Maintained Property with Secure Gated Access
  • Owner Owned Laundry Machines

Investment Overview

Marcus and Millichap is 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. Beachwood Canyon is wedged into the eastern portion of the Santa Monica Mountains and sits directly below the iconic Hollywood Sign. It is home to one of the original Hollywood Hills neighborhoods, Hollywoodland, perched on the southern facing slopes. Situated as a natural sanctuary in the middle of an enormous city, residents get all the benefits of peaceful living with easy access to all of Los Angeles’ world-class amenities. Tenants of Beachwood Canyon also get amazing outdoor recreational opportunities. The subject property is right below the iconic Hollywood Sign hiking trail, but there are many other trails as well. Some of these include the Beachwood Canyon Secret Stairs, Lake Hollywood Park, the Hollywood Reservoir, and many others. The neighborhood is also home to exclusive shopping and dining. Just one (1) mile north of Franklin Avenue, Beachwood Village has several small businesses such as a grocery store, a restaurant, and a flower shop. Beachwood Market, the grocery store, is the anchor tenant of the shopping center with Beachwood Café sitting right next door. 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.

Exclusively Listed By

Financing By

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