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 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.
Property Details
Price:
$3,150,000
MLS #:
24466909
Status:
Active
Baths:
0
Address:
1314 S Beverly Glen Boulevard
Type:
Residential Income
Neighborhood:
c05westwoodcenturycity
City:
Los Angeles
Listed Date:
Nov 25, 2024
State:
CA
ZIP:
90024
Lot Size:
8,092 sqft / 0.19 acres (approx)
Year Built:
1947
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Covered
Parking Spots
6.00
Financial
Map
Community
- Address1314 S Beverly Glen Boulevard Los Angeles CA
- AreaC05 – Westwood – Century City
- CityLos Angeles
- CountyLos Angeles
- Zip Code90024
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1314 S Beverly Glen Boulevard
Los Angeles, CA
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