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1249 N Beachwood Dr

Los Angeles, CA 90038
  • $1,795,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: 21-789132
UPDATED: 33 min ago
$1,795,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,862
    SQFT
  • $465
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1923
County:
Area:

School Ratings & Info

Description

This gated property is situated on a quiet block of Beachwood Drive, one block from Sunset Gower Studios, where a major redevelopment is expected to add a brand new 15-story office tower and studio space as part of approximately 620,000 square feet of new construction. The spacious one-bedroom units have been completely remodeled, and investors may continue to capitalize on the same classic style that has been implemented in these units. Built in 1923, this property features not only beautifully upgraded interiors, but multiple amenities as well. These include secure off-street parking, in-unit washer/dryers, and central air/heat. The spacious one-bedroom floorplans average approximately 865 square feet, and the studio is a comfortable 400 square feet. The exterior of the property is incredibly clean, with fresh paint, a new fence, new gates with updated intercom/keypad, and manicured hedging. The property is situated within one of the most vibrant sections of Hollywood, which is seeing an immense influx of new development and capital. Recently completed Netflix office towers, ICON and EPIC, are within blocks of the building, as is the brand new On Vine campus, which features more Netflix office space in the mixed-use project. Located less than a mile from famous restaurants such as TAO and Beauty & Essex, as well as renowned venues like the Fonda Theatre, this property appeals to those wanting to live the Hollywood lifestyle.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T07:42:36.023. 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.
www.theparsonsrealestateteam.com/homes/121900457
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1249 N Beachwood Dr Los Angeles, CA 90038

  • Price: $1,795,000
  • Status: Active
  • Updated: 33 min ago
  • ID#: 21-789132
4
Beds
0
Baths
0
½ Baths
0.16
Acres
3,862
SQFT
$465
$/SQFT
1923
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
This gated property is situated on a quiet block of Beachwood Drive, one block from Sunset Gower Studios, where a major redevelopment is expected to add a brand new 15-story office tower and studio space as part of approximately 620,000 square feet of new construction. The spacious one-bedroom units have been completely remodeled, and investors may continue to capitalize on the same classic style that has been implemented in these units. Built in 1923, this property features not only beautifully upgraded interiors, but multiple amenities as well. These include secure off-street parking, in-unit washer/dryers, and central air/heat. The spacious one-bedroom floorplans average approximately 865 square feet, and the studio is a comfortable 400 square feet. The exterior of the property is incredibly clean, with fresh paint, a new fence, new gates with updated intercom/keypad, and manicured hedging. The property is situated within one of the most vibrant sections of Hollywood, which is seeing an immense influx of new development and capital. Recently completed Netflix office towers, ICON and EPIC, are within blocks of the building, as is the brand new On Vine campus, which features more Netflix office space in the mixed-use project. Located less than a mile from famous restaurants such as TAO and Beauty & Essex, as well as renowned venues like the Fonda Theatre, this property appeals to those wanting to live the Hollywood lifestyle.
Exterior Features

Lot Size Area 6752 Other Structures None Parking Garage DetachedAssigned Total Parking 5

Interior Features

Baths Total 5.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 865449 Gross Income 114000 Gross Operating Income 110580 Like Units1 1 Like Units2 4 Net Operating Income 71763.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 38817 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T07:42:36.023. 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.
 
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