1314 S Beverly Glen Blvd is a six-unit apartment building constructed in 1947 with a wood frame and stucco. The property features a mix of five spacious two-bedroom, one-bathroom units and one townhouse-style two-bedroom unit. It occupies 6,129 square feet on an oversized 8,090 square foot lot, zoned LAR3 (Tier… Read More 2 TOC). Situated just south of Devon Avenue on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building is ideally located near Century City, Beverly Hills, and Bel Air/Holmby Hills. This prime location will attract some of the highest rental rates in Los Angeles. The property includes on-site laundry facilities and parking for six cars. Currently, some tenants are paying below-market rents, providing an opportunity to renovate these units upon turnover. This strategy has an estimated rental upside of 12.5%. In this area, rents for renovated two-bedroom, one-bathroom units can range from $3,200 to over $4,000 monthly. Read Less
Property listed by Marcus & Millichap, Benjamin Lewin 818-212-2700
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,129
Lot Size
0.19 Acres
Year Built
1947
MLS Number
24466909
30 Days Snapshot Of 90024
$3,339k
+91%
(avg) sold price
16
-36%
homes sold
95
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1947, Building area total: 6,129, Levels: MultiSplit, Living area: 6129, 2 buildings
Cooling
None
Heating
WallFurnace
Income
Gross income: $218,400, Net operating income: $141,600
Lot
0.1858 acres, 8,092 square feet, Size: 8,092
Parking
6 totals parking, Covered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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