4950 Beverly Blvd, Los Angeles, CA 90004

8 Unit Apartment Building | $2,300,000 ($287,500/Unit) | 5.27% Cap Rate | Los Angeles, CA 90004

Asking Price $2,300,000

Property Type: Multifamily
Square Feet: 5,964 SF

Listing Contacts

Nicole Apostolos

Property Overview

Well-maintained & charming 5,964 square foot building situated on a large 10,080 square foot LAR3 zoned lot. The property is made up of eight (8) very spacious one (1) bedroom & one (1) bathroom units, each averaging 745 square feet. Two units have been upgraded with newer flooring, kitchens, bathrooms and washer and dryers in unit. Upper units have views of the Hollywood sign. One unit will be delivered VACANT! There is ADU potential and tremendous rental upside. The property is separately metered for gas & electricity with separate hot water heaters. The property had a new roof installed in 2023! There are seven (7) garage parking spaces! Very secure gated building with facial recognition entry for all tenants. Extremely well located in the highly-coveted Larchmont area on Beverly Blvd. between Wilton Pl. & Larchmont Blvd. The property is just steps away from Robert Burns Park & the trendy restaurants and shops district located on Larchmont Blvd. Local restaurants include Great White, Osteria Mamma, Pour Vous, Levain Bakery, and more! Moreover, this central location provides easy access to all of the employment, dining, and entertainment opportunities that Hollywood has to offer! The subject property is located in the City of Los Angeles and is subject to LA Rent Control.

Property Details

Class: C
Year Built: 1939
Stories: 2
Lot Size (sq. ft): 10,019 SF
Units: 8

Highlights

Amazing location on Beverly Blvd. & Norton Ave., in the Larchmont neighborhood
Over 10,000 square foot LAR3 corner lot! Charming 1930's Architecture! New Roof in 2023!
Seven (7) garage parking spaces! Secure building with facial recognition gated entry
Eight (8) spacious 1+1 units each averaging 745 square feet! Separately metered for gas & electricity with separate H20 heaters!
One unit will be delivered VACANT! ADU Potential! Tremendous Rental Upside!
Separately metered for gas & electricity with separate H20 heaters!

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