1314 S Beverly Glen Boulevard
Los Angeles, CA 90024
6129 sqft | 12 beds | 0.19 acres | #24466909
Description
1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$3,150,000
- MLS #24466909
- MLS #24466909
- Cost3150000
- Acres0.1858
- Square Feet6129
- Year Built1947
- Bedrooms12
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Benjamin Lewin (#CLW-C137712)
Listing Office: Marcus & Millichap (#CLW-X75151)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
