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1249 N Beachwood Dr, Los Angeles, CA 90038
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1249 N Beachwood Dr Los Angeles, CA 90038

$1,695,000 Sold Price as of 12/21/2021
  • 4 Beds
  • 5 Baths
  • 3,862 Sq.Ft.
Sold
$1,695,000 Sold Price as of 12/21/2021 Refinance Your Mortgage
Map preview of 1249 N Beachwood Dr, Los Angeles, CA 90038

Property Overview: 1249 N Beachwood Dr Los Angeles, CA has 4 bedrooms, 5 bathrooms, 3,862 living square feet and 6,752 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Roderick 'Rick' Raymundo | BRE #01357019 | Marcus & Millichap
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
6,752
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21789132
City
Los Angeles
County
Los Angeles
Time on Site
955 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $8,700
  • Pro Forma/Market Rent: $10,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.75
  • Gross Scheduled Income: --
  • Net Operating Income: $71,763
  • Gross Operating Income: $110,580
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1249 N Beachwood Dr

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5534015005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Marcus & Millichap is pleased to announce the opportunity to purchase 1249 N Beachwood Drive, a beautifully remodeled five-unit multifamily building in Hollywood, CA.
View more facts & features

Local Los Angeles Agent

Sale History for 1249 N Beachwood Dr

Last sold for $1,695,000 on December 21st, 2021

  • December, 2021

  • Dec 21, 2021

    Date

    Sold

    CRMLS: 21789132

    $1,695,000

    Price

  • Sep 28, 2021

    Date

    Active

    CRMLS: 21789132

    $1,795,000

    Price

  • October, 2008

  • Oct 31, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1249 N Beachwood Dr

Assessed Value (2020): $865,849
Year Land Value Improved Value Assessed Value
2020 $706,493 $159,356 $865,849

Home Value Compared to the Market

This property vs the competition

1249 N Beachwood Dr sold on December 21, 2021 for 50.84% 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 $464.79 per/sqft which puts the price per square foot 38.44% lower than the current median sale per square foot for the city of Los Angeles.

About 1249 N Beachwood Dr

Detailed summary of property

1249 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 5 bathrooms, roughly 3,862 living square feet, and sits on an approximately 6,752 square foot lot. 1249 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on September 29, 2021. The homeowner sold the property for $1,695,000. 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 50.84% higher than the current median priced home. Local homes that are currently for sale include 5449 S Virginia Ave, 5324 Monroe St and 1000 N Oxford Ave. While the average home in Los Angeles, CA is selling in 93 days, 1249 N Beachwood Dr has a days on market of 77 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 1249 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 1249 N Beachwood Dr

Public county record property details
Beds
5
Baths
5
Year built
1923
Sq. Ft.
3,862
Lot Size
6,749
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
315
APN
5534-015-005

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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