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 at $230,000 per unit, 1140-42 N. Beachwood Drive offers a 5.04% cap and a 13 GRM upon remodeling and re-leasing of the unit 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 ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action!
Additional Features
- Wall Furnace
- Two
- City Lights
- Hills
- Parking spaces: 6.00
- Listing Status: Active
- Listing Agent: Dana Brody
(lic# 01429001)
of CLAW
- Listing Office: Dana Brody
(lic# 01429001)
-
Based on information from CRISNet MLS as of 26th December 2024 at 12:04am. 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.
