6686 Drexel Ave - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$2,295,000 USD
818-231-2477
6686 Drexel Ave, Los Angeles, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/28
null | 4.27% Cap Rate

6686 Drexel Ave
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • 100% Vacant
  • Huge Split-Level Townhouse Units
  • Prime Beverly Grove
  • Corner Lot
  • Potential ADU's -Two Single Car Garages

OVERVIEW

I am proud to present 6686 Drexel Ave, a Duplex investment opportunity in the heart of Beverly Grove situated on outskirts of Beverly Hills. Originally built in 1928, this offering consists of a highly desirable mix of one 3+2 split-level Townhouse & one 4+4 split-level Townhouse. The property boasts lush private gardens in the front and rear of the property. The interiors are adorned with a combination of wood & tile floors, with granite and marble throughout. These units are a perfect opportunity for owner occupancy in a highly desirable Beverly Grove location. With both units delivered vacant, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come. Situated in a sought-after area of Beverly Grove; a desirable neighborhood in Los Angeles, this property is just a few short blocks from the Beverly Center and walking distance to The Four Seasons Hotel and all the premier dining, entertainment, Cedars Sinai Medical Center, and shopping that Beverly Hills, the Westside and Mid-City West has to offer. With a Walk Score of 91, the area has one of the highest walking scores in Los Angeles so daily errands do not require a car. Beverly Grove is one of Los Angeles youngest designated areas. While the area was developed in 1920, it formerly became Beverly Grove in 2006.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,147,500

CAP RATE

4.27%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

2

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R1

APN/PARCEL ID

5510-007-017

ASK ABOUT THIS PROPERTY

Joshua LuchsKidder MathewsMore Info
818-231-2477

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Joshua LuchsKidder MathewsMore Info
818-231-2477

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