2111 N Beachwood Dr
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2111 N Beachwood Dr
3 Unit Block of Flats £2,108,703 (£702,901/Unit) 4.62% Net Initial Yield Los Angeles, CA 90068
Investment Highlights
- Detached Cottage To Be Delivered Vacant
- Located in Iconic Beachwood Canyon
- Updated Kitchens & Bathrooms in Select Units
- Rare Craftsman-Style Architecture
- Modern Amenities While Retaining Historic Charm & Character
- Large, Street-to-Street Lot
Executive Summary
Tucked away from the street in historic Beachwood Canyon, nestled below the iconic Hollywood sign, lies a 4-unit Craftsman-style compound consisting of a triplex and a detached bungalow. Situated on an expansive private lot, each generously sized unit retains old-world charm while offering the modern amenities of today’s living. A commanding front triplex offers alluring curb appeal, while the secluded vacant bungalow offers an investor the opportunity to achieve market rent immediately or a rare opportunity for an owner-user to maintain their own private space while the occupied units help offset a mortgage. Upgrades over the years include renovated kitchens and bathrooms, plus the addition of central HVAC. Tenants of the community enjoy shared and private outdoor spaces, garage parking and W/D hookups. This rare offering is located within close proximity to Franklin Village, offering an array of shops and dining for tenants and owner-users. Fully occupied, the property generates $180,000/year, offering an excellent investment opportunity in one of Los Angeles’ most prized locations.
Please do not walk on the property. Email the listing agent for a copy of the OM and any additional questions. jamesharm@compass.com
Please do not walk on the property. Email the listing agent for a copy of the OM and any additional questions. jamesharm@compass.com
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £140,841 | £25.63 |
Other Income | - | - |
Vacancy Loss | £4,225 | £0.77 |
Effective Gross Income | £136,616 | £24.86 |
Taxes | £25,292 | £4.60 |
Operating Expenses | £13,960 | £2.54 |
Total Expenses | £39,252 | £7.14 |
Net Operating Income | £97,364 | £17.72 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | £140,841 |
Annual Per SF | £25.63 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | £4,225 |
Annual Per SF | £0.77 |
Effective Gross Income | |
---|---|
Annual | £136,616 |
Annual Per SF | £24.86 |
Taxes | |
---|---|
Annual | £25,292 |
Annual Per SF | £4.60 |
Operating Expenses | |
---|---|
Annual | £13,960 |
Annual Per SF | £2.54 |
Total Expenses | |
---|---|
Annual | £39,252 |
Annual Per SF | £7.14 |
Net Operating Income | |
---|---|
Annual | £97,364 |
Annual Per SF | £17.72 |
Property Facts
Price | £2,108,703 | Apartment Style | Low Rise |
Price Per Unit | £702,901 | Building Class | B |
Sale Type | Investment | Lot Size | 0.24 AC |
Net Initial Yield | 4.62% | Building Size | 5,495 SF |
Gross Rent Multiplier | 14.97 | Average Occupancy | 75% |
No. Units | 3 | Number of Floors | 2 |
Property Type | Residential | Year Built | 1941 |
Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
Price | £2,108,703 |
Price Per Unit | £702,901 |
Sale Type | Investment |
Net Initial Yield | 4.62% |
Gross Rent Multiplier | 14.97 |
No. Units | 3 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.24 AC |
Building Size | 5,495 SF |
Average Occupancy | 75% |
Number of Floors | 2 |
Year Built | 1941 |
Parking Ratio | 0.91/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Wooden Floors
- Patio
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 1 | £2,347 | - |
2+1 | 1 | £2,739 | - |
2+2 | 1 | £3,521 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
Parcel Number | 5586-009-012 | Total Assessment | £1,953,746 (2024) |
Land Assessment | £814,061 (2024) | Annual Taxes | £25,292 (£4.60/sf) |
Improvements Assessment | £1,139,685 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5586-009-012
Land Assessment
£814,061 (2024)
Improvements Assessment
£1,139,685 (2024)
Total Assessment
£1,953,746 (2024)
Annual Taxes
£25,292 (£4.60/sf)
Tax Year
2023
zoning
Zoning Code | LAR3 |
LAR3 |
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2111 N Beachwood Dr
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