Los Angeles, CA 90024 1238 S Beverly Glen Boulevard
$4,395,000
0 more
Presented By: Michael Sterman with Marcus & Millichap;
Home Details
We are pleased to present 1238 S Beverly Blvd, a 18-unit apartment building located in Westwood, a neighborhood in Los Angeles, California. Built in 1946,the property consists o three (3) bachelor units, seven (7) bachelor + kitchenette units, and eight (8)studio units. The building is 7,834 gross square feet and sits on a 7,429 square foot lot. 1238 S Beverly Glen Blvd is located on a charming, residential street in Westwood, California. Residents will benefit from the abundance of restaurants, shopping, and entertainment options nearby. The property is within walking distance to the Century City Mall and only a 5 minute drive to Westwood Town Center. Strategically positioned in West LA, Westwood offers convenient access to major highways including the I-405 and the I-10. Its central location makes it an attractive choice for those needing to traverse to different parts of Los Angeles.1238 S Beverly Glen Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.12% with the ability to improve to a 6.42% CAP rate once units turnover.
Presented By: Michael Sterman with Marcus & Millichap;
Interior Features for 1238 S Beverly Glen Boulevard
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories
General for 1238 S Beverly Glen Boulevard
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.12
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market14
DirectionsOn Beverly Glen just south of Wilshire Blvd
Full Baths
Garage Y/NYes
Gross Income377592.0
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7431.0
Lot Size UnitsSquareFeet
MLS AreaC05 - Westwood - Century City
MobileHomeRemainsYNNo
Net Operating Income224820.0
New ConstructionNo
NumberOfUnitsTotal18
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
Waterfront Y/NNo
Year Built1946
ZoningLARD1.5
Exterior for 1238 S Beverly Glen Boulevard
Building Area Total7834.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1706
Lot Size Area7431.0
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGarage
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480