2119 N Beachwood Drive

    Los Angeles, CA 90068
    • $5,950,000
    • STATUS: ACTIVE
    • ON SITE: 140 days
    • ID#: 301766882
    UPDATED: 24 min ago
    $5,950,000
    • 3
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents. 2119 N. Beachwood Drive offers the perfect blend between a stabilized asse We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents. 2119 N. Beachwood Drive offers the perfect blend between a stabilized asset and a value-add opportunity. The property has been extensively renovated inside and out yet offers over 30% remaining upside potential in rents.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/100688978

    2119 N Beachwood Drive Los Angeles, CA 90068

    • Price: $5,950,000
    • Status: ACTIVE
    • Updated: 24 min ago
    • ID#: 301766882
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1956
    Built
    Neighborhood:
    Los Angeles (90068)
    County:
    Los Angeles
    Area:
    Los Angeles (90068)
    Property Description
    We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents. 2119 N. Beachwood Drive offers the perfect blend between a stabilized asse We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents. 2119 N. Beachwood Drive offers the perfect blend between a stabilized asset and a value-add opportunity. The property has been extensively renovated inside and out yet offers over 30% remaining upside potential in rents.
    Exterior Features

    Pool N/K Topography Level

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 2

    Property Features

    Actual Cap Rate 3.12 Annual Expense Actual 126559 Buildings 1 Gross Rent Multiplier Actual 18.48 Gross Scheduled Income Actual 321924 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1400.0 Unit2 Rent Actual 2157.0 Water Meter On Property Zoning Lar3

    Listing provided courtesy of Keller Williams R. E. Services. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130