1140 N Beachwood Drive, Los Angeles, CA 90038

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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1140 N Beachwood Drive,Los Angeles, CA 90038
$2,039,000
  • 2 Beds
  • 10 Baths
  • 5,343 sq. ft.
  • Multi-family
  • Active
Listed by:dana brody
Office:dana brody
MLS#:24356367
Source:CRMLS

Price summary

  • Price:$2,039,000
  • Price per sq. ft.:$381.62

About this home

4 UNITS TO BE DELIVERED VACANT! 6.6% CAP AND 10 GRM AT FULL OCCUPANCY! AMAZING VALUE ADD OPPORTUNITY IN THE HEART OF HOLLYWOOD'S STUDIO DISTRICT! 10 LEGAL UNITS WITH SIGNIFICANT INCOME UPSIDE POTENTIAL! 6.6% CAP AT FULL OCCUPANCY! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $204,900 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 6.6% cap and a 10 GRM realized immediately upon remodeling and re-leasing of 4 units that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to 4 New ADU units (Buyer to verify total number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the 4 vacant units are remodeled and re-leased at market rent.

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Home facts

  • Year built:1956
  • Listing Id #:24356367
  • Added:407 day(s) ago
  • Updated:August 22, 2025 at 05:02 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:10
  • Living area:5,343 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:5,343 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,039,000
  • Price per sq. ft.:$381.62
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