Multifamily
1314 S Beverly Glen Blvd
1314 S Beverly Glen Blvd, Los Angeles, CA 90024
Listing Price: $3,150,000
Investment Overview
1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC).
Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles.
The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.
1314 S Beverly Glen Blvd
Investment Highlights
- WESTWOOD LOCATION Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $215,566 - Two Blocks South of Wilshire Blvd & Five Blocks North of Santa Monica Blvd
- COURTYARD STYLE Property on Large 8,090sf Lot Zoned LAR3 Consisting of SIX 2-Bedroom Units - Two Units Currently Vacant
- HIGH BARRIER TO ENTRY MARKET: First Time Available for Sale in 50 Years
- IN CLOSE PROXIMITY to UCLA, Century City, and Beverly Hills
Exclusively Listed By
Listing Price: $3,150,000
Investment Highlights
- WESTWOOD LOCATION Demands Premium Rents w/ Local High Pay Jobs - Avg. Household Income $215,566 - Two Blocks South of Wilshire Blvd & Five Blocks North of Santa Monica Blvd
- COURTYARD STYLE Property on Large 8,090sf Lot Zoned LAR3 Consisting of SIX 2-Bedroom Units - Two Units Currently Vacant
- HIGH BARRIER TO ENTRY MARKET: First Time Available for Sale in 50 Years
- IN CLOSE PROXIMITY to UCLA, Century City, and Beverly Hills
Investment Overview
1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.
Exclusively Listed By
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