1314 S Beverly Glen Boulevard Active

Los Angeles,CA 90024

$ 3150000

- Bed

0 Bath

6129 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,129 sqft

Price per Sqft $513

MLS Listing ID CL24466909

Year Built 1947

Lot Size 8,092 Sqft

Property 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.

Location

State CA

County Los Angeles

Area Listing

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Building

New Construction No

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