1238 S Beverly Glen Boulevard, Los Angeles, CA 90024
- Listed Price : $4,395,000
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Beds :
0
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Baths :
-
Property Size :
7,834 sqft
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Year Built :
1946
Property Description
We are pleased to present 1238 S Beverly Blvd, a 18-unit apartment building located in Westwood, a neighborhood in Los Angeles, California. Built in 1946,the property consists o three (3) bachelor units, seven (7) bachelor + kitchenette units, and eight (8)studio units. The building is 7,834 gross square feet and sits on a 7,429 square foot lot. 1238 S Beverly Glen Blvd is located on a charming, residential street in Westwood, California. Residents will benefit from the abundance of restaurants, shopping, and entertainment options nearby. The property is within walking distance to the Century City Mall and only a 5 minute drive to Westwood Town Center. Strategically positioned in West LA, Westwood offers convenient access to major highways including the I-405 and the I-10. Its central location makes it an attractive choice for those needing to traverse to different parts of Los Angeles.1238 S Beverly Glen Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.12% with the ability to improve to a 6.42% CAP rate once units turnover.
Interior Features
Listing Information
| Address | 1238 S Beverly Glen Boulevard |
| City | Los Angeles |
| State | CA |
| Zip | 90024 |
| County | Los Angeles |
| Listing Agent | Michael Sterman DRE #01911703 |
| Courtesy Of | Marcus & Millichap |
| List Price | $4,395,000 |
| Status | Active |
| Type | Residential Income |
| Structure Size | 7,834 |
| Lot Size | 7,431 |
| Year Built | 1946 |
Listing information courtesy of: Michael Sterman, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 12th, 2024 at 10:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.