Search
1140 N Beachwood Dr, Los Angeles, CA 90038
Image 2 for 1140 N Beachwood Dr, Los Angeles, CA 90038
Image 3 for 1140 N Beachwood Dr, Los Angeles, CA 90038
View Photos

1140 N Beachwood Dr Los Angeles, CA 90038

$2,175,000
  • 6 Beds
  • 10 Baths
  • 5,343 Sq.Ft.
For Sale
$2,175,000 Get Pre-Qualified
Map preview of 1140 N Beachwood Dr, Los Angeles, CA 90038

Property Overview: 1140 N Beachwood Dr Los Angeles, CA has 6 bedrooms, 10 bathrooms, 5,343 living square feet and 6,754 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 5.4% In-Place Cap in Prime Hollywood Location! 10 Units for $2,175,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $217,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.4% cap and a 12.8 GRM upon remodeling and re-leasing of the unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 7.6% Proforma Cap!

Listed by Dana Brody | BRE #01429001 | Dana Brody
Last checked: 3 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 73
Get a $8,156 Cash Reward New

Buy this home with Ardent Real Estate Group and get $8,156 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,754
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24356367
City
Los Angeles
County
Los Angeles
Time on Site
78 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,556
  • Total Rent: $6,224
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,273
  • Total Rent: $1,273
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,310
  • Total Rent: $6,551
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.4%
  • Gross Rent Multiplier: 12.8
  • Gross Scheduled Income: --
  • Net Operating Income: $117,204
  • Gross Operating Income: $164,008
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1140 N Beachwood Dr

No upcoming open houses

Schedule Tour

Property Details for 1140 N Beachwood Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Carport, Detached Carport
Property Information
  • Has View
  • View: City Lights, Hills
  • Total # of Units: 10
  • Parcel Number: 5534014019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Santa Monica Boulevard, left onto Beachwood Drive
View more facts & features

Local Los Angeles Agent

Sale History for 1140 N Beachwood Dr

Last sold for $1,975,000 on May 19th, 2022

  • February, 2024

  • Feb 8, 2024

    Date

    Active

    CRMLS: 24356367

    $2,299,000

    Price

  • November, 2023

  • Nov 4, 2023

    Date

    Expired

    CRMLS: 23264689

    $2,100,000

    Price

  • Apr 27, 2023

    Date

    Active

    CRMLS: 23264689

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing New Price! Nothing Else Like This On the Market! Rare opportunity to purchase 10 legal apartment units in the heart of Hollywood's Studio District, now offered at $2,100,000! We are pleased to exclusively offer for purchase 1140-42 North Beachwood Drive, a charming 10-unit apartment building situated on a beautiful tree-lined street, just South of the World Famous Sunset Boulevard. Priced below replacement cost at a very attractive $210,000 per unit, 1140 N. Beachwood, which sits on a 6,752 sf R3 lot is comprised of studios, one and two bedroom units and is an excellent income producing value-add opportunity for a new or experienced multi-family investor looking to pick up ten legal apartment units in an established and high demand rental pocket. Located North of Santa Monica and South of Sunset Boulevard, the property features 6 parking spaces at the rear, is separately metered for gas and electric, and does not require seismic retrofitting. Boasting a 90 Walk Score, 1140 N. Beachwood is walking distance to many shops and restaurants, as well as all of Hollywood's production studios, and there is a great deal of new development happening all around the property. Next door, high-end new construction townhomes sell for $1.5 million each, plus several new mixed use and creative office developments are going in up and down Santa Monica Boulevard. Echelon Studios, going in at 5601 Santa Monica Boulevard, is located just a half a mile away from the property and will bring hundreds of jobs and 610,000 square feet of creative office and production studios to the area. Netflix, Paramount, Sunset Gower Studios and Sunset Bronson Studios are also just walking distance from the property just to the North on Sunset. With more than 30% income upside potential and excellent fundamentals, 1140 N. Bronson is an excellent multi-family property with a great price and huge appreciation potential. One unit to be delivered vacant, ready to be reimagined and rented at market rents. Prime opportunity to pick up 10 units in one of Southern's California's strongest rental markets and grow your cash flow! Truly an amazing chance to acquire 10 units in one of the hottest new development markets, walking distance to all the studios!

  • May, 2022

  • May 19, 2022

    Date

    Sold

    CRMLS: 22132189

    $1,975,000

    Price

  • Feb 3, 2022

    Date

    Active

    CRMLS: 22132189

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

Show More

Tax History for 1140 N Beachwood Dr

Assessed Value (2020): $635,871
Year Land Value Improved Value Assessed Value
2020 $237,772 $398,099 $635,871

Home Value Compared to the Market

This property vs the competition

1140 N Beachwood Dr is listed 74.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $407.07 per/sqft which puts the price per square foot 47.27% lower than the median price per square foot for the city of Los Angeles.

About 1140 N Beachwood Dr

Detailed summary of property

1140 N Beachwood Dr is a multi family located in Los Angeles, CA 90038 and is currently for sale. This multi family property offers 6 bedrooms, 10 bathrooms, roughly 5,343 living square feet, and sits on an approximately 6,754 square foot lot. 1140 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on February 8, 2024. The homeowner is currently asking $2,175,000 and was originally asking $2,299,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 74.14% higher than the median priced home. Local competing homes currently for sale include 5229 Marathon St, 5449 S Virginia Ave and 5008 Rosewood Ave. While the average home in Los Angeles, CA is selling in 97 days, 1140 N Beachwood Dr has a days on market of 73 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1140 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 1140 N Beachwood Dr

Public county record property details
Beds
2
Baths
10
Year built
1956
Sq. Ft.
5,343
Lot Size
6,752
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
249
APN
5534-014-019

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
$1,375,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $8,156.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $8,156 Cash Reward New

Buy this home with Ardent Real Estate Group and get $8,156 back.

Call/Text (714) 706-1823

Homes for Sale Near 1140 N Beachwood Dr

Nearby Homes for Sale

1239 Gordon St, Los Angeles, CA 90038
$1,991,000
33 Beds
15 Baths
4119 Sq.Ft.
1239 Gordon St
Los Angeles, CA 90038
5918 Barton Ave, Los Angeles, CA 90038
$1,995,000
8 Beds
8 Baths
3964 Sq.Ft.
5918 Barton Ave
Los Angeles, CA 90038
6063 N Harold Way, Los Angeles, CA 90028
$1,950,000
4 Beds
4 Baths
2545 Sq.Ft.
6063 N Harold Way
Los Angeles, CA 90028
6410 La Mirada, Los Angeles, CA 90038
$1,800,000
7 Beds
2 Baths
3370 Sq.Ft.
6410 La Mirada
Los Angeles, CA 90038
6416 La Mirada Ave, Los Angeles, CA 90038
$2,200,000
6 Beds
5 Baths
4790 Sq.Ft.
6416 La Mirada Ave
Los Angeles, CA 90038
625 N Plymouth Blvd, Los Angeles, CA 90004
$1,900,000
5 Beds
4 Baths
4346 Sq.Ft.
625 N Plymouth Blvd
Los Angeles, CA 90004
5418 Lemon Grove Ave, Los Angeles, CA 90038
$1,895,000
9 Beds
9 Baths
4681 Sq.Ft.
5418 Lemon Grove Ave
Los Angeles, CA 90038
5500 Barton Ave, Los Angeles, CA 90038
$1,895,000
6 Beds
5 Baths
2816 Sq.Ft.
5500 Barton Ave
Los Angeles, CA 90038

Recently Sold Homes Near 1140 N Beachwood Dr

1134 N Beachwood Dr, Los Angeles, CA 90038
$1,225,000 Last Sold Price
7 Beds
6 Baths
2546 Sq.Ft.
1134 N Beachwood Dr
Los Angeles, CA 90038
1212 N Gower St, Los Angeles, CA 90038
$7,105,000 Last Sold Price
30 Beds
30 Baths
19470 Sq.Ft.
1212 N Gower St
Los Angeles, CA 90038
1200 N Gordon St, Los Angeles, CA 90038
$1,020,000 Last Sold Price
2 Beds
2 Baths
2796 Sq.Ft.
1200 N Gordon St
Los Angeles, CA 90038
1238 N Beachwood Dr, Los Angeles, CA 90038
$3,390,000 Last Sold Price
14 Beds
14 Baths
7497 Sq.Ft.
1238 N Beachwood Dr
Los Angeles, CA 90038

Related Resources to 1140 N Beachwood Dr

New Listings in 90038
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call