$2585000 Price Analysis   ♡   Los Angeles, CA 90024 9 bed 7 bath 6104 SqFt ($423/SqFt) 7065SqFt lot. Built 1941 Listed 2023-11-28, Taxes $8353 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 apartmnt 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, 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 fantastic 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 and hardwood style floors, most with pretty bay windows, vast 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 and Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants wi ll enjoy having close proximity to the Westfield Century City Mall, 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 at
Marcus & Millichap.
Property MLS #23-334873 from TheMLSCLAW
Full Bathrooms: 7
Heating Features: Natural Gas, Electric
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7065
Parking Total: 6
Calculated Total Monthly Association Fees: 0
Number of Units: 7
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 11200, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 7000, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 3500
County: Los Angeles
Cap Rate: 3.26
Directions: North of Santa Monica Boulevard and South of Wilshire Boulevard
Source Property Type: Residential Income
Area: Westwood - Century City
Source Neighborhood: Westwood - Century City
Parcel Number: 4327-009-034
Postal Code Plus 4: 6156
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $116639 + $502828 $619467 | $8353 |
| 2021 | $114352 + $492969 $607321 | $8222 |
| 2020 | $113180 + $487915 $601095 | $8292 |
| 2019 | $110961 + $478349 $589310 | $7999 |
| 2018 | $108786 + $468970 $577756 | $7915 |
| 2017 | $106653 + $459775 $566428 | $7717 |
| 2016 | $104562 + $450760 $555322 | $7487 |
| 2015 | $102992 + $443990 $546982 | $7388 |
| 2014 | $100975 + $435293 $536268 | $7458 |
| 2013 | $100519 + $433326 $533845 | $7442 |
| 2012 | $98549 + $424830 $523379 | $7539 |
| 2010 | $96617 + $416500 $513117 | $7333 |
| 2009 | $96123 + $414371 $510494 | $7073 |
| 2009 | $95895 + $413388 $509283 | $7073 |
| 2008 | $94239 + $406247 $500486 | $6798 |
| 2007 | $92392 + $398282 $490674 | $6566 |
$2585000
TheMLSCLAW
Price Changed 2024-01-18
$2715000
TheMLSCLAW
Listed 2023-11-28
$2995000
TheMLSCLAW
Sold 1981-06-29
$262000
Public Record
Year Built: 1941
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 83
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.