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2033 N Beachwood Dr, Los Angeles, CA 90068
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2033 N Beachwood Dr Los Angeles, CA 90068

$8,500,000 Sold Price as of 11/17/2021
  • 25 Beds
  • 26 Baths
  • 19,712 Sq.Ft.
Sold
$8,500,000 Sold Price as of 11/17/2021 Refinance Your Mortgage
Map preview of 2033 N Beachwood Dr, Los Angeles, CA 90068

Property Overview: 2033 N Beachwood Dr Los Angeles, CA has 25 bedrooms, 26 bathrooms, 19,712 living square feet and 20,300 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare and unique pride of ownership apartment building in the heart of Hollywood's Beachwood Canyon. 2033 North Beachwood Drive is a mid-century style 26-unit apartment building which consists of six (6) studios, sixteen (16) one-bedroom one-bathroom units, three (3) two-bedroom one-bathroom units, and one (1) spacious three-bedroom one-and-a-half-bathroom unit. This two-story, gated courtyard style apartment was built in 1953 and has all the amenities expected of a Hollywood Hills property. The property features twenty (20) parking spaces, an on-site laundry facility owned by the landlord, security cameras, solar-powered pool, large balconies with views, and recently completed soft story retrofit. Living North of Franklin Avenue, on the famous palm tree-lined street of Beachwood Drive, tenants have access to fine dining, cafes, shopping, and all the entertainment one can desire. With dual access points on Gower St and Beachwood Dr, tenants will enjoy the convenience of entering and exiting the premises wherever they desire. With this rare buying opportunity, you can immediately renovate the eight (8) vacant units, easily convert an additional existing studio unit that has all the hookups, plumbing, and fixtures to be rented out or used as a managers unit, and the potential to add ADUs above the seven (7) double garages on Gower. A savvy investor will capitalize on the renters neighborhood that is Beachwood Canyon for decades to come.

Listed by Kamfar Kyle Mirrafati | BRE #01911204 | Matthews Real Estate Investment Services
Last checked: 15 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
20,300
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21768668
City
Los Angeles
County
Los Angeles
Time on Site
1142 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 26
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,330
  • Total Rent: $7,979
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 16
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,947
  • Total Rent: $31,144
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,351
  • Total Rent: $7,053
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.26
  • Gross Scheduled Income: --
  • Net Operating Income: $385,744
  • Gross Operating Income: $595,818
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2033 N Beachwood Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Security Features: Gated Community, Automatic Gate
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: In Ground, Solar Heat, Fenced, Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 20
  • Has Parking
  • Parking Features: Garage, Garage - Two Door, Gated, Covered, Private
Property Information
  • Has View
  • View: Canyon, Courtyard, Hills, City Lights
  • Total # of Units: 26
  • Parcel Number: 5586009016
  • Architectural Style: Mid Century Modern
  • Property Condition: Repairs Cosmetic
Location / Neighborhood
Location Information
  • Directions: Located just North of Franklin Ave
View more facts & features

Local Los Angeles Agent

Sale History for 2033 N Beachwood Dr

Last sold for $8,500,000 on November 17th, 2021

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23234309

    $12,500,000

    Price

  • Jan 19, 2023

    Date

    Active

    CRMLS: 23234309

    $12,500,000

    Price

  • Listing provided courtesy of CRMLS

    2033 North Beachwood Apartments. Offering investors, a once in a lifetime opportunity to purchase a 27-unit remodeled apartment building located in the prestigious Hollywood Hills neighborhood surrounded by multimillion-dollar homes and breathtaking views. A short distance to Beachwood Caf and the Hollywood Sign. The property has been upgraded in 2022 (plumbing, electrical, landscaping, paint throughout, windows, etc.) It offers an attractive unit mix of one (1) 3bed, two (2) 2bed, seventeen (17) spacious 1bed, and six (6) studio units. Each unit is large and functional with upgrades throughout. Each unit has, new kitchen (quartz countertops, new modern kitchen cabinets, new range oven), new bathroom (new tub, new vanity cabinets), in-unit washer and dryer, new lighting fixtures, windows, A/C in living room and each bedroom. The building has secured entrance with gated parking and security camera system installed. The property is separately metered for electricity. Soft-Story Retrofitting Completed. Owner also just got permits to add two (2) 700 SF ADU's in the back of the property.

  • September, 2023

  • Sep 27, 2023

    Date

    Canceled

    CRMLS: 22173322

    $2,100

    Price

  • Jun 28, 2022

    Date

    Active

    CRMLS: 22173322

    $2,895

    Price

  • Listing provided courtesy of CRMLS

    Live in one of the best parts of Los Angeles, in the Hollywood Hills. Surrounded by breathtaking views and a short distance from the Greek Theatre, the World Famous Hollywood Walk of Fame, Paramount Pictures, Netflix, Griffith park hiking trails, and the Hollywood Bowl. You'll find some of the city's greatest attractions, trendy shops, and restaurants near Franklin Village! ST Living @ Beachwood features a mixture of 27 fully renovated studios and 1 bed units in Hollywood with exclusive amenities at your doorstep. The private residence offers an in-unit washer and dryer, stainless steel appliances, two-tone cabinetry, quartz countertops, stylish flooring, A/C and heat, a community pool, and reserved parking. Residents enjoy a modern living with a full view of the Hollywood sign! Be the first to enjoy our spacious and remodeled community @ 2033 Beachwood!

  • September, 2021

  • Sep 21, 2021

    Date

    Pending

    CRMLS: 21768668

    $8,750,000

    Price

  • Aug 4, 2021

    Date

    Active

    CRMLS: 21768668

    $8,750,000

    Price

  • December, 2017

  • Dec 26, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2017

  • Dec 26, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2033 N Beachwood Dr

Assessed Value (2020): $2,341,546
Year Land Value Improved Value Assessed Value
2020 $694,450 $1,647,096 $2,341,546

Home Value Compared to the Market

This property vs the competition

2033 N Beachwood Dr sold on November 17, 2021 for 681.25% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $443.89 per/sqft which puts the price per square foot 38.69% lower than the current median sale per square foot for the city of Los Angeles.

About 2033 N Beachwood Dr

Detailed summary of property

2033 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 25 bedrooms, 26 bathrooms, roughly 19,712 living square feet, and sits on an approximately 20,300 square foot lot. 2033 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on August 4, 2021. The homeowner sold the property for $8,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 681.25% higher than the current median priced home. Local homes that are currently for sale include 520 W 120th St, 7531 Knott Ave and 826 N Barranca Ave. While the average home in Los Angeles, CA is selling in 106 days, 2033 N Beachwood Dr has a days on market of 48 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2033 N Beachwood Dr Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2033 N Beachwood Dr

Public county record property details
Beds
--
Baths
--
Year built
1953
Sq. Ft.
19,712
Lot Size
20,300
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
22,23
APN
5586-009-016

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,250,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,720,000
Median Sold Price/Sq.Ft.
$766
Total Inventory
191
Median Sale to List Price %
98.29%
Avg Days on Market
46
Loan Type
Conventional (20%), FHA (0%), VA (4%), Cash (4%), Other (16%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 2033 N Beachwood Dr

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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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