2328 N Beachwood Dr 5 Unit Apartment Building Offered at $2,079,660 CAD at a 5.52% Cap Rate Los Angeles, CA 90068

2328 N. Beachwood Drive is a five-unit multifamily property located in the highly desirable Beachwood Canyon neighborhood of Los Angeles, a premier hillside enclave known for its residential character and proximity to major cultural and employment hubs. The property is ideally situated just minutes from Hollywood, Los Feliz, and Griffith Park, with convenient access to Beachwood Village, local cafés and dining, and some of the city’s most popular hiking and outdoor recreation destinations, including trails leading toward the Hollywood Sign. This supply-constrained submarket benefits from consistently strong rental demand, limited new construction, and enduring appeal among renters seeking a balance of neighborhood atmosphere and urban connectivity. The location provides tenants with quick access to major thoroughfares, studios, and entertainment corridors, while maintaining the privacy and character that define Beachwood Canyon.
The property consists of five residential units, including two 2-bedroom / 1-bath units and three 1-bedroom / 1-bath units, with two of the five units currently vacant, offering immediate value-add potential through lease-up. The remaining occupied units provide in-place income, while future turnover presents additional opportunities for rental upside over time. This asset is well suited for an investor seeking a combination of stable cash flow and long-term appreciation in a high-barrier-to-entry submarket. With a favorable unit mix, existing vacancy, and a premier Beachwood Canyon address, 2328 N. Beachwood Drive represents an attractive opportunity to acquire a multifamily property with clear upside potential in one of Los Angeles’ most iconic and consistently in-demand residential neighborhoods.