1140 N Beachwood Drive | Los Angeles | State of California | Prices, Plans, Availability

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1140 N Beachwood Drive

USD 2,299,000

Property ID: 24356367

1140 N Beachwood Drive ,90038

6754 SqFt

Built in 1956

USD 340/SqFt

2 Beds

10 Full

Location Street View

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

5343

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1956

Detailed Introduction Of This Home

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 at $230,000 per unit, 1140-42 N. Beachwood Drive offers a 5.04% cap and a 13 GRM upon remodeling and re-leasing of the 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!

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