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Multifamily

The Villas at Beachwood Drive

1140 N Beachwood Dr, Los Angeles, CA 90038

Listing Price: $2,500,000

Cap Rate
4.24%
Number of Units
10
Price/Unit
$250,000
Price/Gross SF
$467.90
Gross SF
5,343

Investment Overview

Marcus & Millichap is pleased to present 1140 N Beachwood Dr, a 10-unit value-add investment opportunity in Hollywood just north of Santa Monica Blvd between Gower St and Bronson Ave. Priced at $250,000 per unit, 1140 N. Beachwood offers the rare opportunity to purchase 10 units in one of Hollywood’s most up and coming neighborhoods surrounded by new developments. The building features a unit mix of spacious units made up of eight singles and two one-bedrooms; rents are currently below market and provide an investor the opportunity to capture significant income upside as units turn. The property has six parking spaces at the rear of the property with no oftstoryworkrequired;thebuilding isseparatelymetered forgasand electricandhasacommunitylaundryroom. The property iscentrally located with awalkscoreof 90;easyaccessto the 101 Freeway as well as multiple Metro Local Line sallows for an easy commute throughout the city This Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities.

Investment Highlights

  • 10-unit value-add investment opportunity in Hollywood just north of Santa Monica Blvd between Gower St and Bronson Ave.
  • Remodeled units
  • Six parking spaces at the rear of the property with no soft story work required

Exclusively Listed By

Financing By

Multifamily

The Villas at Beachwood Drive

Listing Price: $2,500,000

Cap Rate
4.24%
Number of Units
10
Price/Unit
$250,000
Price/Gross SF
$467.90
Gross SF
5,343

Investment Highlights

  • 10-unit value-add investment opportunity in Hollywood just north of Santa Monica Blvd between Gower St and Bronson Ave.
  • Remodeled units
  • Six parking spaces at the rear of the property with no soft story work required

Investment Overview

Marcus & Millichap is pleased to present 1140 N Beachwood Dr, a 10-unit value-add investment opportunity in Hollywood just north of Santa Monica Blvd between Gower St and Bronson Ave. Priced at $250,000 per unit, 1140 N. Beachwood offers the rare opportunity to purchase 10 units in one of Hollywood’s most up and coming neighborhoods surrounded by new developments. The building features a unit mix of spacious units made up of eight singles and two one-bedrooms; rents are currently below market and provide an investor the opportunity to capture significant income upside as units turn. The property has six parking spaces at the rear of the property with no oftstoryworkrequired;thebuilding isseparatelymetered forgasand electricandhasacommunitylaundryroom. The property iscentrally located with awalkscoreof 90;easyaccessto the 101 Freeway as well as multiple Metro Local Line sallows for an easy commute throughout the city This Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities.

Exclusively Listed By

Financing By

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