4950 Beverly Blvd - Apartments FOR SALE


Los Angeles, CA 90004
$2,300,000 USD
818-380-5294
4950 Beverly Blvd, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/24
null | 5.27% Cap Rate

4950 Beverly Blvd
Los Angeles, CA 90004


HIGHLIGHTS

  • Amazing location on Beverly Blvd. & Norton Ave., in the Larchmont neighborhood
  • Over 10,000 square foot LAR3 corner lot! Charming 1930's Architecture! New Roof in 2023!
  • Seven (7) garage parking spaces! Secure building with facial recognition gated entry
  • Eight (8) spacious 1+1 units each averaging 745 square feet! Separately metered for gas & electricity with separate H20 heaters!
  • One unit will be delivered VACANT! ADU Potential! Tremendous Rental Upside!
  • Separately metered for gas & electricity with separate H20 heaters!

OVERVIEW

Well-maintained & charming 5,964 square foot building situated on a large 10,080 square foot LAR3 zoned lot. The property is made up of eight (8) very spacious one (1) bedroom & one (1) bathroom units, each averaging 745 square feet. Two units have been upgraded with newer flooring, kitchens, bathrooms and washer and dryers in unit. Upper units have views of the Hollywood sign. One unit will be delivered VACANT! There is ADU potential and tremendous rental upside. The property is separately metered for gas & electricity with separate hot water heaters. The property had a new roof installed in 2023! There are seven (7) garage parking spaces! Very secure gated building with facial recognition entry for all tenants. Extremely well located in the highly-coveted Larchmont area on Beverly Blvd. between Wilton Pl. & Larchmont Blvd. The property is just steps away from Robert Burns Park & the trendy restaurants and shops district located on Larchmont Blvd. Local restaurants include Great White, Osteria Mamma, Pour Vous, Levain Bakery, and more! Moreover, this central location provides easy access to all of the employment, dining, and entertainment opportunities that Hollywood has to offer! The subject property is located in the City of Los Angeles and is subject to LA Rent Control.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,500

CAP RATE

5.27%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,080 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5516-006-001

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.