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Buy a propertyat 1314 S Beverly Glen Boulevard, Los Angeles, CA 90024

$3,500,000

$0/mo

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Multifamily

6,129 Sq. Ft.

8,090 Sq. Ft. lot

12 Bedrooms

0 Bathrooms

438 Days on market

23245883 MLS ID

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About 1314 S Beverly Glen Boulevard property

1314 S Beverly Glen Blvd is a 6-unit apartment building built in 1947 with a wood frame and stucco construction. The unit mix is six large two-bedroom, one-bathroom units. One of the units is a two-story townhouse-style unit. The property is 6,129sf on an oversize 8,090sf parcel zoned LAR3 (Tier 2 TOC). Located just south of Devon Ave on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building has an excellent location adjacent to Century City, Beverly Hills, and Bel Air/Holmby Hills. This location will demand some of the highest rents in all Los Angeles. Due to some tenants paying below-market rents, there is an estimated 25% rental upside through renovating below-market units upon turnover. There is currently one vacant unit.
1314 S Beverly Glen Blvd is a 6-unit apartment building built in 1947 with a wood frame and stucco construction. The unit mix is six large two-bedroom, one-bathroom units. One of the units is a two-story townhouse-style unit. The property is 6,129sf on an oversize 8,090sf parcel zoned LAR3 (Tier 2 TOC). Located just south of Devon Ave on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building has an excellent location adjacent to Century City, Beverly Hills, and Bel Air/Holmby Hills. This location will demand some of the highest rents in all Los Angeles. Due to some tenants paying below-market rents, there is an estimated 25% rental upside through renovating below-market units upon turnover. There is currently one vacant unit.

Property details

Bathrooms

6 total bathrooms

Bedrooms

12 total bedrooms

House

Built in 1947

6,129 sqft living area

6129 total building sqft

Cooling

No cooling

Heating

No heating

Income

Gross Income: 188520

Net Operating Income: 110736

Listing

Listing ID: 23245883

63 days on market

Listed on 2023-02-28

Location

County: Los Angeles

Lot

8090 sqft

0.1857 acres

Area: 8090

Parking

6 total parking spaces

Covered

Property

2 buildings

6 units

Monthly cost

Estimated monthly cost

$22,303/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$3,290,000

+$105,000

$3,395,000

Seller agent commission$105,000 (3%)*

$0 (0%)

Buyer agent commission$105,000 (3%)*

$105,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 12, 2024 at 7:07 a.m.

Data updated: May 2, 2023 at 1:16 p.m.

Property listed by Marcus & Millichap, Benjamin Lewin
Based on information from California Regional Multiple Listing Service, Inc. as of 05/02/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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