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2649 N Beachwood Dr 6 Unit Apartment Building $3,032,267 CAD ($505,378 CAD/Unit) 4.46% Cap Rate Los Angeles, CA 90068

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INVESTMENT HIGHLIGHTS

  • Exceptional location with established and expanding rental demand
  • Property sits on a corner lot on Glen Oak St and Beachwood Dr (Great Exposure)
  • Great unit mix with spacious floorplans. Fantastic walkability
  • Significant rental upside
  • Combination of lifestyle perks, premium local amenities and steady price growth

EXECUTIVE SUMMARY

Property Overview:
2649 N Beachwood is a 6-unit apartment building consisting of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units. Spacious layouts with plenty of natural light. Some of the recent improvements include resurfaced landings, cement walkways in the back of the property, new patio for the back bottom unit, and new exterior fence and secured entry gates.
Location Highlights:
2649 N Beachwood Dr sits in the heart of Beachwood Canyon, a historic Hollywood Hills enclave known for its 1920s “Hollywoodland” character, winding roads, and scenic views of the Hollywood Sign. Within a half-mile you’ll find local favorites like Beachwood Market, a neighborhood grocery, and Beachwood Café, a stylish spot for casual dining. The area is also rich in outdoor recreation, with access to the Hollywoodland and Beachwood Canyon staircases, scenic walking loops, and trail connections toward Mount Lee. Offering a mix of charm, history, and hillside tranquility, the neighborhood blends convenience with a secluded, village-like atmosphere. Tenants will certainly enjoy the Hollywood Hills as their backyard playground.

PROPERTY FACTS

Price $3,032,267 CAD
Price Per Unit $505,378 CAD
Sale Type Investment
Cap Rate 4.46%
Gross Rent Multiplier 14.72
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 5,628 SF
No. Stories 2
Year Built 1957
Zoning LARD2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating

SITE AMENITIES

  • Fenced Lot
  • Laundry Facilities
  • Gated

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 - -
2+1 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5585-005-016
Land Assessment
$1,427,124 CAD
Improvements Assessment
$1,526,337 CAD
Total Assessment
$2,953,461 CAD
  • Listing ID: 37901583

  • Date on Market: 2025-10-01

  • Last Updated:

  • Address: 2649 N Beachwood Dr, Los Angeles, CA 90068

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