Los Angeles, CA 90024 1556 S Beverly Glen Boulevard
$2,585,000
6 more
Presented By: Eliyahu Appel with Marcus & Millichap
Home Details
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well maintained by the same ownership for over the last 50 years. The building has a great unit mix consisting of four (4) 1 bed/1 bath units, two (2) 2 bed/1 bath units, and one (1) 1 bed/1 bath and bonus room, single family home. Each unit features hardwood & hardwood style floors, most with beautiful bay windows, spacious kitchens with quartz countertops, stainless steel appliances, refrigerator, stove, microwave, and dishwasher. Tenants also have the luxury of a shared on-site laundry. The total size of the building is approximately 6,104 square feet and sits on a 7,063 square foot lot, zoned LAR3.The Subject Property is bordering Century City & Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants will enjoy having very close proximity to the Westfield Century City Mall, just on the other side of Santa Monica Blvd. This neighborhood offers high-end shopping, dining, and entertainment all stemming from the Westwood Village central hub. There are also well-maintained parks, green spaces, and LA Country Club nearby, providing opportunities for outdoor recreation. Commuters will appreciate this property's central location in Century City/Westwood provides easy access to popular public transit options and major arterial thoroughfares like the 10 and 405 freeways. An experienced investor looking to target rental upside in a highly-sought-after neighborhood will capitalize on strong opportunity in the South Beverly Glen Apartments.
Presented By: Eliyahu Appel with Marcus & Millichap
Interior Features for 1556 S Beverly Glen Boulevard
Bedrooms
Total Bedrooms9
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths7
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Street SuffixBoulevard
Total Stories2
General for 1556 S Beverly Glen Boulevard
AppliancesDishwasher, Microwave, Refrigerator
Cap Rate3.26
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
Days on Market150
DirectionsNorth of Santa Monica Boulevard and South of Wilshire Boulevard
Gross Income152568
HOA / Comm AssnNo
HeatingElectric, Natural Gas
LevelsTwo
Lot Size Square Feet7065
MLS AreaC05 - Westwood - Century City
Net Operating Income84235
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Street NameBeverly Glen
Total Units7
Year Built1941
ZoningLAR3
Exterior for 1556 S Beverly Glen Boulevard
Building Area Total6104
Lot Size Acres0.1622
Lot Size Area7065
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesAssigned
Total Parking6
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480