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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,950,000

Est. payment - /mo

8 Beds

4 Baths

6,252 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26243056

Bedrooms 8

Lot Size 6,252 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

**PRIME BEVERLY GROVE FOUR-UNIT INVESTMENT OPPORTUNITY | $1,950,000** Rare opportunity to acquire a four-unit multifamily investment in the highly desirable Beverly Grove neighborhood of Los Angeles. Situated on a 6,252 sq. ft. lot, this property features approximately 5,408 sq. ft. of building area with four spacious 2-bedroom, 1-bathroom units. The property currently generates $8,350 in monthly rental income, with one unit to be delivered vacant at close of escrow, offering an immediate opportunity to establish market rent and enhance cash flow. The vacant unit is projected to achieve approximately $3,295 per month, bringing potential stabilized gross rental income to approximately $11,645 monthly or $139,740 annually. Based on projected income and estimated annual operating expenses of $36,757, the property offers an estimated stabilized NOI of $102,983 and an approximate 5.28% cap rate at the asking price. The property's LAR3 zoning also provides an opportunity to explore additional development potential, including possible ADU opportunities, subject to zoning, city approvals and feasibility. Ideally positioned in the heart of Beverly Grove, the property boasts a Walk Score of 80 and convenient access to Whole Foods Market, The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Beverly Center, Melrose Avenue and the El Rey Theatre. The location also offers proximity to public transportation and the Metro D Line (Purple Line) extension, providing future connectivity between the Westside and Downtown Los Angeles. Combining an established rental portfolio,

Location

State CA

County Los Angeles

Zoning Assessor

Direction One block North of Wilshire between Sweetzer Ave and La Jolla

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5510023036

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Bryan Canchola, DRE#01932632 Sync Brokerage, Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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6500 Orange Street Los Angeles, CA 90048

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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