1140 N Beachwood Dr
Los Angeles, CA 90038
2 Beds
10 Baths
5,343 Sq Ft
285 Days on Market
For Sale $2,049,000
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Courtesy of Dana Brody

Listing Agent & Comments

Dana BrodyDana Brody
818-212-2757dana.brody@marcusmillichap.com License #01429001
Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM upon remodeling and re-leasing of a 1 bedroom unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 8.2% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!

MLS# 24356367 • Data provided by CRMLS
Additional home details
Living Area5,343 Sq.Ft.
Lot Size6,756 Sq.Ft.
Total Rooms--
Bedrooms2
Bathrooms10
Stories2
Year Built1956
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,788
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$1,932,655
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
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HouseCanary, Inc. Brokerage

1140 N Beachwood Dr., Los Angeles, CA 90038

Multifamily
2 Beds
10 Baths
5,343 Sq Ft
285 Days on Market

Listing Agent & Comments

Dana BrodyDana Brody
818-212-2757dana.brody@marcusmillichap.com License #01429001
Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM upon remodeling and re-leasing of a 1 bedroom unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 8.2% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!

MLS# 24356367 • Data provided by CRMLS
Additional home details
Living Area5,343 Sq.Ft.
Lot Size6,756 Sq.Ft.
Total Rooms--
Bedrooms2
Bathrooms10
Stories2
Year Built1956
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,788
Property in Flood Zone--
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $2,049,000
Request tour
Save
Courtesy of Dana Brody
1140 N Beachwood Dr
Los Angeles, CA 90038
2 Beds
10 Baths
5,343 Sq Ft
285 Days on Market

Listing Agent & Comments

Dana BrodyDana Brody
818-212-2757dana.brody@marcusmillichap.com License #01429001
Amazing New Price! Excellent 10 Unit Income Property Opportunity Across and Next to New Luxury Construction! 5.8% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.8% cap and a 12.1 GRM upon remodeling and re-leasing of a 1 bedroom unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 8.2% Proforma Cap! Don't miss this amazing opportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units across the street - 1153 Beachwood Drive - each unit renting for $6,750 each!

MLS# 24356367 • Data provided by CRMLS
Additional home details
Living Area5,343 Sq.Ft.
Lot Size6,756 Sq.Ft.
Total Rooms--
Bedrooms2
Bathrooms10
Stories2
Year Built1956
Property TypeMultifamily
ZoningLAR3
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$25,788
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,932,655
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties and rental estimate
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $2,049,000
Request tour
Save
Courtesy of Dana Brody