We are pleased to present a multifamily investment opportunity in an A+ trophy location on a corner lot at 1301 S Beverly Glen Blvd in Westwood located between Santa Monica Blvd and Wilshire Blvd and less than a mile from Century City and the Wilshire Corridor. The property features five… Read More spacious units, three 1+1.5's and two 2+2's with 12 parking spaces, including three double garages; three units have been extensively renovated with in-unit washers and dryers, recessed lighting, new double-pane windows, base moldings, hardwood floors, stainless-steel appliances, custom dark wood cabinetry, double sink vanities, tile showers with separate tubs, central heat and air, and new electrical and plumbing. All units have private outdoor space; three of five units have large patios facing S Beverly Glen with unbeatable views of Century City. One of the renovated one-bedrooms (850 SF) will be delivered vacant at the close of escrow; ideal for an owner user or opportunity to rent at market immediately. This offering represents an exceptional opportunity to acquire a well-maintained property with no deferred maintenance and strong existing cash flow with an additional 31% rental upside achievable as the proven renovation plan is continued. Ideal location for residents to commute to nearby employment hubs and commutes to Downtown Westwood, Century City, Beverly Hills, West Hollywood, and the Westside. Located in an affluent neighborhood with a significant affordability gap between renting and home ownership; within a two-mile radius of 1301S Beverly Glen Blvd, the median home value is over $1.1 million, and the average household income is over $132,000. Located just minutes from one of Los Angeles' premier shopping and lifestyle destinations, Westfield Century City, featuring luxury retailers, top-tier dining, and entertainment options. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
7
Square Ft.
6,789
Lot Size
0.16 Acres
Year Built
1952
MLS Number
26635617
30 Days Snapshot Of 90024
$2.26M
-3%
(avg) sold price
8
-42%
homes sold
92
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,789 sq ft, Built in 1952, Levels: Two
Cooling
None
Disclosures
None
Garage
Garage Is Attached
Heating
None
Lot
LotAcreage: 0.1635, LotSizeArea: 7,122
Parking
TotalParking: 12
Property
NumberOfUnits: 5, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
