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1235-1241 S Beverly Glen Blvd 14 Unit Apartment Building For Sale Los Angeles, CA 90024
INVESTMENT HIGHLIGHTS
- In place rents are significantly below market!
- The Property has substantial potential to increase the revenue by renovating the units as they become vacant
EXECUTIVE SUMMARY
In-place rents are significantly below market. The Property has substantial potential to increase the revenue by renovating the units as they become vacant. Excellent West Los Angeles location between Westwood and Beverly
Hills, just south of Wilshire Boulevard’s “Golden Mile”
In addition to the opportunity to increase rents, the Property’s
±15,103 square foot (0.35 acre) parcel size also presents a redevelopment opportunity with the potential to build up to 26 units.
Hills, just south of Wilshire Boulevard’s “Golden Mile”
In addition to the opportunity to increase rents, the Property’s
±15,103 square foot (0.35 acre) parcel size also presents a redevelopment opportunity with the potential to build up to 26 units.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.35 AC |
| No. Units | 14 | Building Size | 11,295 SF |
| Property Type | Multifamily | Average Occupancy | 71% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1941 |
| Building Class | C | Parking Ratio | 1.06/1,000 SF |
| Zoning | LAR3 - Multiple residences | ||
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,295 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.06/1,000 SF |
| Zoning | LAR3 - Multiple residences |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Skylights
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,492 CAD | 400 |
| 1+1 | 7 | $2,615 CAD | 700 |
| 2+2 | 1 | - | 1,800 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,557,752 CAD | |
| Land Assessment | $7,478,810 CAD | Total Assessment | $10,036,562 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,478,810 CAD
Improvements Assessment
$2,557,752 CAD
Total Assessment
$10,036,562 CAD
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1235-1241 S Beverly Glen Blvd
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