2354 S Beverly Glen Blvd 5 Unit Apartment Building $3,026,364 CAD ($605,273 CAD/Unit) 4.16% Cap Rate Los Angeles, CA 90064

2354 S Beverly Glen Blvd, Los Angeles, CA 90064 presents a rare opportunity to acquire an architecturally distinctive mid-century-design 5-unit apartment building in a highly desirable West Los Angeles location one block north of Rancho Park Golf Course. The property stands out from typical multifamily buildings in the area with its attractive design and strong curb appeal.
Situated on a 7,152-square-foot lot, the building offers approximately 4,133 square feet and 8 on-site parking spaces (4 private garage with tandem spot behind*). The unit mix consists of four spacious 2-bedroom, 2-bath units and one studio unit. All two-bedroom units feature in-unit washer and dryers and private enclosed patios, while one two-bedroom unit also enjoys an additional private rooftop deck.
All apartments are generously sized, providing excellent livability and long-term rental appeal. With its architectural character, ideal unit mix, and prime location near major employment hubs and amenities, this property represents an outstanding investment or owner-user opportunity in one of Los Angeles’s most stable rental markets.
The property currently operates at an in-place cap rate of 4.16% with a 14.44 GRM, offering steady current income and significant upside potential. With projected market rents, it achieves a pro forma cap rate of 7.16% and 9.60 GRM. Seismic retrofitting is not required, enhancing ease of ownership and long-term value.
Do not disturb Tenants. Inside with Accepted Offers Only. OM Attached with Rentroll.
*Seller notes that the tandem parking space adjacent to the private garage may extend into the city sidewalk area if a vehicle is parked too far out from the garage door. Buyer to investigate.