The Vertical 4723-4727 W Beverly Blvd 23 Unité Immeuble d’appartements 10 949 615 $ CAD (476 070 $ CAD/Unité) 5,21% Taux de capitalisation Los Angeles, CA 90004

Dover Management Corporation proudly presents The Vertical, centrally located at 4723, 4327, and 4729 Beverly Boulevard, Los Angeles, CA 90004, in the blossoming Larchmont/Mid-Wilshire corridor. Built in 1962 and extensively re-imagined in 2022, this 23-unit asset features top-tier finishes, in-unit washer/dryers, and enhanced curb appeal through a full exterior modernization. The Vertical delivers 23 covered spaces and fully upgraded capital systems for immediate cash flow at a 5.21% cap rate, with a clear path to 6.14% via interior rent optimization.

This asset offers tenants urban convenience, well-appointed interiors, and strong retention potential. It is situated in a vibrant, highly walkable neighborhood among Larchmont Village, Koreatown, and major transit lines. The fully occupied unit mix consists of 20 one-bed/one-bath units and three studio units, aligning with 40% renter demand of one-bedroom units in the area. Residents of The Vertical are convenient to the Golden Shopping Plaza, the Beverly Hobart Plaza, the Griffith Observatory, MacArthur Park Lake, and other local points of interest. Larchmont sits between Melrose Avenue and Beverly Boulevard, a link between Western Avenue and Larchmont Boulevard. Bus routes and stoplights are along these major thoroughfares, and the Vermont/Beverly Station metro is within walking distance.

The 3-mile radius has a population of 589,130 residents, an average household income of more than $83,000, and annual consumer spending of $6.7B. Year-to-date, the Los Angeles renter demand has been stronger than last year. As the second largest metro in the nation, Los Angeles' economy is vast and diverse, with concentrations in entertainment, tourism, international trade, fashion, and aerospace industries.

Investors seeking a durable, hands-off, cash-flow property with embedded upside in a prime Los Angeles infill location will find The Vertical an optimal addition to their portfolio.