2354 S Beverly Glen Blvd presents a rare opportunity to acquirean architecturally distinctive mid-century-design 5-unit apartment building in a highly desirable West Los Angeles location just one block north of Rancho Park Golf Course. The property stands out from typical multifamily buildings in the area with its attractive design and… Read More strong curb appeal. Situated on a 7,152-square-foot lot, the building offers approximately 4,133 square feet and 4 private garages with room for tandem spots. The unit mix consists of four spacious multi-level 2-bedroom, 2-bath units and one studio. All two-bedroom units feature in-unit washer and dryers and private enclosed patios, while the end unit two-bedroom unit also enjoys an additional private rooftop deck. All apartments are generously sized, providing excellent livability and long-term rental appeal. With its architectural character, ideal unit mix, and prime location near major employment hubs and amenities, this property represents an outstanding investment or owner-user opportunity in one of Los Angeles's most stable rental markets. The property currently operates at an in-place cap rate of 4.16% with a 14.44 GRM, offering steady current income and significant upside potential. With projected market rents post renovations, it achieves a pro forma cap rate of 7.16% and 9.60 GRM. Seismic retrofitting is not required, enhancing ease of ownership and long-term value. Read Less
Courtesy of Coldwell Banker Realty 310-820-6651
Listing Snapshot
Days Online
32
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,133
Lot Size
0.16 Acres
Year Built
1949
MLS Number
25609945
30 Days Snapshot Of 90064
$2.51M
+1%
(avg) sold price
23
+64%
homes sold
53
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
None
Appliances & Equipment
Oven
Building
4,133 sq ft, Built in 1949, Levels: Two, Mid-Century
Cooling
Wall/Window, Window Unit(s), Wall Unit(s)
Disclosures
As Is, Rent Control, Property Report
Fireplaces
None
Floors
Hardwood, Mixed
Garage
Garage - 4+ Car
Water Features
Water: Public
Heating
Wall
Laundry
Inside, In Unit
Lot
LotAcreage: 0.1642, LotSizeArea: 7,152, Corner Lot
Miscellaneous
None
Parking
CoveredParking: 4, TotalParking: 4
Pool
PoolYN: False, None
Property
NumberOfUnits: 5, ViewDescription: City, ViewYN: 1, Zoning: LAR3
Sewer
In Street
Spa
Has spa, None
Utilities
Gas
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