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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

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
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 -
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33277036

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 2111 N Beachwood Dr, Los Angeles, CA 90068

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