1556 S Beverly Glen Blvd, Los Angeles, CA 90024
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1556 S Beverly Glen Blvd Los Angeles, CA 90024

$2,585,000
  • 9 Beds
  • 7 Baths
  • 6,104 Sq.Ft.
For Sale
$2,585,000 Get Pre-Qualified

Map preview of 1556 S Beverly Glen Blvd, Los Angeles, CA 90024

Property Overview: 1556 S Beverly Glen Blvd Los Angeles, CA has 9 bedrooms, 7 bathrooms, 6,104 living square feet and 7,065 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: This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well maintained by the same ownership for over the last 50 years. The building has a great unit mix consisting of four (4) 1 bed/1 bath units, two (2) 2 bed/1 bath units, and one (1) 1 bed/1 bath and bonus room, single family home. Each unit features hardwood & hardwood style floors, most with beautiful bay windows, spacious kitchens with quartz countertops, stainless steel appliances, refrigerator, stove, microwave, and dishwasher. Tenants also have the luxury of a shared on-site laundry. The total size of the building is approximately 6,104 square feet and sits on a 7,063 square foot lot, zoned LAR3.The Subject Property is bordering Century City & Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants will enjoy having very close proximity to the Westfield Century City Mall, just on the other side of Santa Monica Blvd. This neighborhood offers high-end shopping, dining, and entertainment all stemming from the Westwood Village central hub. There are also well-maintained parks, green spaces, and LA Country Club nearby, providing opportunities for outdoor recreation. Commuters will appreciate this property's central location in Century City/Westwood provides easy access to popular public transit options and major arterial thoroughfares like the 10 and 405 freeways. An experienced investor looking to target rental upside in a highly-sought-after neighborhood will capitalize on strong opportunity in the South Beverly Glen Apartments.

Listed by Eliyahu Appel | BRE #01918652 | Marcus & Millichap
Co-listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 10 minutes ago | Last updated: April 25th, 2024 | Source CRMLS | DOM: 156
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Home details

Lot Sq. Ft
7,065
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23334873
City
Los Angeles
County
Los Angeles
Time on Site
155 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,878
  • Total Rent: $3,756
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,088
  • Total Rent: $2,088
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $6,800
  • Pro Forma/Market Rent: $11,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.26%
  • Gross Rent Multiplier: 16.94
  • Gross Scheduled Income: --
  • Net Operating Income: $84,235
  • Gross Operating Income: $147,991
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1556 S Beverly Glen Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas, Electric
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 7
  • Parcel Number: 4327009034
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 South of Wilshire Boulevard
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Sale History for 1556 S Beverly Glen Blvd

Last sold on March 8th, 2004
  • November, 2023

  • Nov 27, 2023

    Date

    Active

    CRMLS: 23334873

    $2,995,000

    Price

  • March, 2004

  • Mar 8, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1556 S Beverly Glen Blvd

Assessed Value (2020): $601,455
Year Land Value Improved Value Assessed Value
2020 $487,915 $113,540 $601,455

Home Value Compared to the Market

This property vs the competition

1556 S Beverly Glen Blvd is listed 109.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $423.49 per/sqft which puts the price per square foot 45.21% lower than the median price per square foot for the city of Los Angeles.

About 1556 S Beverly Glen Blvd

Detailed summary of property

1556 S Beverly Glen Blvd is a multi family located in Los Angeles, CA 90024 and is currently for sale. This multi family property offers 9 bedrooms, 7 bathrooms, roughly 6,104 living square feet, and sits on an approximately 7,065 square foot lot. 1556 S Beverly Glen Blvd was first listed on ArdentRealEstateGroup.com on November 28, 2023. The homeowner is currently asking $2,585,000 and was originally asking $2,995,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 109.14% higher than the median priced home. Local competing homes currently for sale include 3640 Jasmine Ave, 1170 S Robertson Blvd and 11940 Goshen Ave. While the average home in Los Angeles, CA is selling in 96 days, 1556 S Beverly Glen Blvd has a days on market of 156 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 1556 S Beverly Glen Blvd Los Angeles, CA 90024 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1556 S Beverly Glen Blvd

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
6,104
Lot Size
7,063
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
4327-009-034

The source for these homes facts are from public records.

90024 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$843
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
159
Median Sale to List Price %
102.7%
Avg Days on Market
49
Loan Type
Conventional (8.33%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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Related Resources to 1556 S Beverly Glen Blvd

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.