4 Units to Be Delivered Vacant! Excellent 10 Unit Multi-Family Income Property Offering Directly Across From and Next to New Luxury Construction! 5.9% IN-PLACE CAP in Prime Hollywood Location! 10 Units on Beachwood Drive for $2,049,000! 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 5.9% cap and a 11.1 GRM 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 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. Amazing opportunity to acquire 10 apartment units in the middle of the action! Don’t miss this amazing opportunity to acquire 10 units in the heart of Hollywood’s Studio District, surrounded by new jobs and high end for sale residential! Brand new construction townhouse units right across the street – 1153 Beachwood Drive – each unit renting for $6,750 each and for sale townhomes directly next door selling for $1.5 million per unit!