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$3,150,000
Est. payment /mo
12 Beds
6 Baths
6,129 SqFt
UPDATED:
12/19/2024 05:50 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,129 sqft
Price per Sqft $513
MLS Listing ID 24466909
Bedrooms 12
HOA Y/N No
Year Built 1947
Lot Size 8,093 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 C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 6
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4327011006
Special Listing Condition Standard
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Listed by Benjamin Lewin • Marcus & Millichap