Los Angeles, CA 90038,1140 N Beachwood DR
Los Angeles, CA 90038,1140 N Beachwood DR
Los Angeles, CA 90038,1140 N Beachwood DR
Los Angeles, CA 90038,1140 N Beachwood DR
Los Angeles, CA 90038,1140 N Beachwood DR
Los Angeles, CA 90038,1140 N Beachwood DR
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Christian Task

Christian Task

+1(714) 910-8642
$ 2,195,000
Est. payment | /mo

2 Beds

10 Baths

5,343 SqFt

Save
$ 2,195,000
Est. payment | /mo
Save

2 Beds

10 Baths

5,343 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,343 sqft

Price per Sqft $410

MLS Listing ID 25597357

Bedrooms 2

HOA Y/N No

Year Built 1956

Lot Size 6,756 Sqft

Property Description

7% Cap Upon Lease Up of 6 Vacant Units! We are very proud to exclusively present 1140 N. Beachwood Drive, a 10-unit multifamily property located in the heart of Hollywood's Studio District. Now priced at $2,195,000 this property offers an outstanding value-add opportunity in one of Los Angeles' most sought-after rental submarkets. Six of the ten units will be delivered vacant, allowing new ownership to immediately renovate and re-lease at top market rents upon close of escrow. Upon the immediate renovation and lease-up the 6 vacant units, the property is projected to achieve a 7.04% cap rate and 9.8 GRM, offering excellent cash flow and appreciation potential. Situated between Santa Monica Boulevard and Sunset Boulevard, 1140 N. Beachwood Drive benefits from its proximity to major employers such as Netflix, Sunset Gower Studios, and Sunset Bronson Studios, as well as a wave of surrounding new development. The property is located a very short distance from several popular dining and entertainment destinations.1140 N. Beachwood Drive is ideally positioned in a high-demand rental pocket with strong fundamentals and consistent tenant demand. The property's immediate surroundings feature numerous new developments, including luxury townhomes selling for nearly $1.5 million each and renting for $6,750 per unit, demonstrating the strength of the submarket. Just one block away, the transformative Echelon Studios project, a $450 million, 610,000-square-foot creative campus by Bardas Investment Group and Bain Capital Real Estate is set to redefine the area as a hub for entertainment and innovation. The development will bring hundreds of new jobs and further enhance property values in the neighborhood. Nearby dining and retail options include Dave's Hot Chicken, Jitlada Restaurant, Canter's Deli, Ovation Hollywood, West Hollywood Gateway, and Catalina's Supermarket, along with numerous cultural and entertainment landmarks such as The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Educational institutions in the area include Joseph Le Conte Middle School, STEM Academy of Hollywood, Bernstein High School, and Hollywood Elementary School. 1140 N. Beachwood is a prime Hollywood Studio District 10-unit property - 6 of 10 units delivered vacant - Ideal value-add opportunity with 7% cap and 9.8 GRM pro forma after renovation and lease-up of just the already vacant units. Separately metered for gas & electric, 6 parking spaces, no seismic retrofit required. Excellent walkable location near Netflix, Sunset Gower Studios, and the transformative Echelon Studios development. Priced well below replacement cost at $220K per unit - Rare chance to own in a high-demand rental pocket with major upside!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air

Fireplace No

Appliance Dishwasher

Exterior

Parking Features Carport, Detached Carport

Community Features Gated

View Y/N Yes

View City Lights

Total Parking Spaces 6

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5534014019

Security Features Gated Community

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS – RECore
Listed by Dana Brody Dana Brody
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Valley View Elementary

    Public | KG - 5

  • 9

    Citizens of the World Charter

    Public | KG - 8

  • 8

    Hancock Park Elementary

    Public | KG - 5

  • 8

    Melrose Avenue Elementary School

    Public | KG - 6

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Larchmont Charter

    Public | KG - 12

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 8

    Los Feliz STEMM Magnet School

    Public | KG - 6

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Franklin Avenue Elementary

    Public | KG - 5

  • 7

    Gardner Street Elementary

    Public | PK - 5

  • 7

    Cheremoya Avenue School

    Public | PK - 6

  • 7

    Hollywood Primary Center

    Public | KG - 3

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 5

    Laurel School

    Public | KG - 8

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 4

    Magnolia Science Academy 5

    Public | 6 - 12

  • 4

    Bancroft Middle School

    Public | 6 - 8

  • 4

    Joseph Le Conte Middle School

    Public | 6 - 8

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Apex Academy

    Public | 7 - 12

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

  • 0

    West Hollywood Opportunity

    Public | 7 - 12

  • 0

    Aviva High School

    Private | 7 - 12

  • 0

    The Episcopal School of los Angeles

    Private | 6 - 9

  • 0

    Marlborough School

    Private | 7 - 12

  • 0

    Richard A. Alonzo Community Day

    Public | 7 - 12

  • 0

    Immaculate Heart High School & Middle School

    Private | 6 - 12

High Schools 20
  • 8

    John Marshall High School

    Public | 9 - 12

  • 7

    Fairfax High School

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    STEM Academy of Hollywood

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 5

    Hollywood High School

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 1

    Helen Bernstein High School

    Public | 9 - 12

  • 1

    RFK Community Schools - School for the Visual Arts & Humanities

    Public | 9 - 12

  • 0

    Shalhevet High School

    Private | 9 - 12

  • 0

    Shalhevet School

    Private | 9 - 12

  • 0

    Harkham-Gaon Acadamy

    Private | 9 - 12

  • 0

    Whitman Continuation

    Public | 9 - 12

  • 0

    Shaarei Torah California Rabbinical College

    Private | 9 - 12

  • 0

    Bais Yaakov School for Girls

    Private | 9 - 12

  • 0

    Yeshiva Gedolah of los Angeles

    Private | 9 - 12

  • 0

    Yeshiva Ohr Elchonon Chabad - West Coast

    Private | 9 - 12

  • 0

    Bnos Devorah High School

    Private | 9 - 11

School and business data provided by Attom Data.
Christian Task

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 910-8642

ctaskre@gmail.com

P.O. Box 663, Sunset Beach, California, 90742, USA

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1140 N Beachwood DR