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1134 N Beachwood Dr, Los Angeles, CA 90038
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1134 N Beachwood Dr Los Angeles, CA 90038

$1,225,000 Sold Price as of 03/12/2024
  • 7 Beds
  • 6 Baths
  • 2,546 Sq.Ft.
Sold
$1,225,000 Sold Price as of 03/12/2024 Refinance Your Mortgage
Map preview of 1134 N Beachwood Dr, Los Angeles, CA 90038

Property Overview: 1134 N Beachwood Dr Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,546 living square feet and 6,755 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Beachwood Drive Residences are six bungalow units in a prime East Hollywood location. Two of the 1 BR + 1 Bath units will be delivered VACANT! The six units are in close proximity to the Sunset Gower Studios, Netflix headquarters and many other major entertainment and media companies offices. 1134-1138 N Beachwood Drive has an excellent unit mix with (5) of the units being 1 BR + 1 Bath and (1) of the units being a 2 BR + 1 Bath. The property was originally built in 1922 and the total rentable sq. ft. is approximately 2,546 sq. ft. The size of the lot is approximately 6,752 sq. ft. and it is zoned LAR3. The Seller's have agreed to CARRY FAVORABLE FINANCING! The exact terms and rates of the Seller carry back are open to negotiation. The property has a beautiful center courtyard and many of the the units have their own private back patio. The rents are below market creating a quintessential value-add opportunity for new ownership. The subject property has no onsite parking. Excellent opportunity to purchase a 6 unit multi-family asset in a prime and high rental demand area of Hollywood. Brokers Open will be held Tuesday, January 23rd between the hours of 11:00 a.m. to 1:00 p.m.

Listed by Errol Spiro | BRE #00893163 | Miller & Desatnik Realty Co.
Last checked: 16 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
6,755
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24348291
City
Los Angeles
County
Los Angeles
Time on Site
114 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.29%
  • Gross Rent Multiplier: 11.61
  • Gross Scheduled Income: --
  • Net Operating Income: $111,540
  • Gross Operating Income: $108,194
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1134 N Beachwood Dr

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 5534014018
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Boulevard and West of Gordon Street
View more facts & features

Local Los Angeles Agent

Sale History for 1134 N Beachwood Dr

Last sold for $1,225,000 on March 12th, 2024

  • March, 2024

  • Mar 12, 2024

    Date

    Sold

    CRMLS: 24348291

    $1,225,000

    Price

  • Jan 16, 2024

    Date

    Active

    CRMLS: 24348291

    $1,295,000

    Price

  • December, 2023

  • Dec 12, 2023

    Date

    Canceled

    CRMLS: 23326533

    $1,595,000

    Price

  • Oct 26, 2023

    Date

    Active

    CRMLS: 23326533

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    The Beachwood Drive Residences are six bungalow units in a prime East Hollywood location. Two of the 1 BR + 1 Bath units will be delivered VACANT! The six units are in close proximity to the Sunset Gower Studios, Netflix headquarters and many other major entertainment and media companies offices. 1134-1138 N Beachwood Drive has an excellent unit mix with (5) of the units being 1 BR + 1 Bath and (1) of the units being a 2 BR + 1 Bath. The property was originally built in 1922 and the total rentable sq. ft. is approximately 2,546 sq. ft. The size of the lot is approximately 6,752 sq. ft. and it is zoned LAR3. The Seller's have agreed to CARRY FAVORABLE FINANCING! The exact terms and rates of the Seller carry back are open to negotiation. The property has a beautiful center courtyard and many of the the units have their own private back patio. The rents are below market creating a quintessential value-add opportunity for new ownership. The subject property has no onsite parking. Excellent opportunity to purchase a 6 unit multi-family asset in a prime and high rental demand area of Hollywood.

  • August, 2018

  • Aug 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1134 N Beachwood Dr

Assessed Value (2020): $1,729,744
Year Land Value Improved Value Assessed Value
2020 $1,352,520 $377,224 $1,729,744

Home Value Compared to the Market

This property vs the competition

1134 N Beachwood Dr sold on March 12, 2024 for 8.82% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $508.64 per/sqft which puts the price per square foot 32.63% lower than the current median sale per square foot for the city of Los Angeles.

About 1134 N Beachwood Dr

Detailed summary of property

1134 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 2,546 living square feet, and sits on an approximately 6,755 square foot lot. 1134 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner sold the property for $1,225,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 8.82% higher than the current median priced home. Local homes that are currently for sale include 957 N Ardmore Ave, 1211 N Normandie Ave and 1223 N Normandie Ave. While the average home in Los Angeles, CA is selling in 93 days, 1134 N Beachwood Dr has a days on market of 27 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1134 N Beachwood Dr Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1134 N Beachwood Dr

Public county record property details
Beds
6
Baths
6
Year built
1922
Sq. Ft.
2,546
Lot Size
6,752
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
248
APN
5534-014-018

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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