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2150 N Beachwood Dr Los Angeles, CA 90068

$4,240,834 Sold Price as of 11/19/2019

18 Beds
14 Baths
9,175 Sq.Ft.

Sold

$4,240,834 Sold Price as of 11/19/2019 Refinance Your Mortgage

Map preview of 2150 N Beachwood Dr, Los Angeles, CA 90068

Property Overview: 2150 N Beachwood Dr Los Angeles, CA has 18 bedrooms, 14 bathrooms, 9,175 living square feet and 10,869 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to offer for sale a 14-unit apartment community located at 2150 North Beachwood Drive in the Hollywood Hills. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought-after submarkets in Los Angeles County. Current ownership has recently renovated five of the 14 units with new kitchens and bathrooms including quartz countertops, new cabinets, stainless steel appliances and laminate/tile flooring. An astute investor should be able to implement a thorough interior renovation program to take advantage of the remaining upside in the other 64% of the units.

Listed by Sean Rosenzweig | BRE #01406343 | Marcus & Millichap

Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft: 10,869
HOA Dues: $0/mo
Year built: 1962
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 19486464
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 14
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,507
Total Rent: $4,520
Pro Forma/Market Rent: $4,650

Unit Breakdown 2

# of Units: 4
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,586
Total Rent: $6,345
Pro Forma/Market Rent: $7,800

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,854
Total Rent: $5,960
Pro Forma/Market Rent: $7,950

Unit Breakdown 4

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,111
Total Rent: $8,444
Pro Forma/Market Rent: $10,800

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.28%
Gross Rent Multiplier: 15.01
Gross Scheduled Income: --
Net Operating Income: $194,838
Gross Operating Income: $306,232
Improvements Total: $1,231,068

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2150 N Beachwood Dr

Interior Features

Cooling Information

Has Cooling
See Remarks

Laundry Information

Has Laundry
See Remarks

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Covered

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 14
Parcel Number: 5586011020

Location / Neighborhood

Location Information

Directions: The subject property is located North of Franklin Avenue just under the Hollywood sign with lined palm trees and manicured streets. Residents can enjoy the serenity of Beachwood Canyon and the convenience of Franklin Village.

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Local Los Angeles Agent

Sale History for 2150 N Beachwood Dr

Last sold for $4,241,000 on November 19th, 2019

November, 2019
Nov 26, 2019

Date

Sold

CRMLS: 19486464

$4,240,834

Price
Sep 19, 2019

Date

Pending

CRMLS: 19486464

$4,550,000

Price
Aug 8, 2019

Date

Active Under Contract

CRMLS: 19486464

$4,550,000

Price
Jul 10, 2019

Date

Active

CRMLS: 19486464

$4,550,000

Price
November, 2019
Nov 19, 2019

Date

Sold (Public Records)

Public Records

$4,241,000

Price
January, 2019
Jan 12, 2019

Date

Leased

CRMLS: 18409872

$2,250

Price
Dec 18, 2018

Date

Price Change

CRMLS: 18409872

$2,250

Price
Dec 7, 2018

Date

Price Change

CRMLS: 18409872

$2,400

Price
Nov 22, 2018

Date

Active

CRMLS: 18409872

$2,475

Price
Listing provided courtesy of CRMLS

Renovated Beachwood Canyon unit in Hollywood Hills area, just below the Hollywood sign. Open floor plan, light and bright 2 bedrooms, 2 bathrooms in a well maintained complex with assigned parking and community laundry for your convenience. Perfect unit for roommate situation. Approx. 759 sqft. per Property Manager. Minutes to all the Franklin Village shops & cafes, Hollywood sign, dog parks & hiking trails. Welcome Home!

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December, 2018
Dec 2, 2018

Date

Leased

CRMLS: 18407432

$1,475

Price
Nov 14, 2018

Date

Active

CRMLS: 18407432

$1,475

Price
Listing provided courtesy of CRMLS

Desirable Beachwood Canyon unit in Hollywood Hills area, just below the Hollywood sign. Open floor plan, light and bright studio. Nicely renovated unit in a well maintained complex with assigned parking and community laundry for your convenience. Minutes to all the Franklin Village shops & cafes, Hollywood sign, dog parks & hiking trails. Welcome Home!

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September, 2018
Sep 1, 2018

Date

Leased

CRMLS: 18377106

$1,500

Price
Aug 24, 2018

Date

Price Change

CRMLS: 18377106

$1,500

Price
Aug 17, 2018

Date

Active

CRMLS: 18377106

$1,600

Price
Listing provided courtesy of CRMLS

A super cute, updated studio at a well maintained 14units building. Live in the historic neighborhood close to celebrity homes and a glimpse ofthe Hollywood sign.1 parking space assigned to the unit. This unit will rent fast!

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August, 2018
Aug 16, 2018

Date

Expired

CRMLS: 18350120

$4,560,000

Price
Jul 23, 2018

Date

Price Change

CRMLS: 18350120

$4,560,000

Price
Jun 1, 2018

Date

Active

CRMLS: 18350120

$4,690,000

Price
Listing provided courtesy of CRMLS

I am pleased to offer for sale a 14-unit apartment community located at 2150 North Beachwood Drive in the Hollywood Hills. The subject property represents a rare opportunity to acquire a mid-size multifamily asset in one of the most sought after submar-kets in Los Angeles County. While the current ownership has attentively maintained the property, they have not aggressively raised rents. An astute investor should be able to implement a thorough interior renovation program to take advantage of the estimated 40 percent upside in rental income.

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January, 2018
Jan 16, 2018

Date

Leased

CRMLS: 17282770

$2,150

Price
Dec 29, 2017

Date

Price Change

CRMLS: 17282770

$2,150

Price
Nov 16, 2017

Date

Price Change

CRMLS: 17282770

$2,350

Price
Nov 10, 2017

Date

Price Change

CRMLS: 17282770

$2,450

Price
Oct 23, 2017

Date

Active

CRMLS: 17282770

$2,550

Price
Listing provided courtesy of CRMLS

A beautiful,bright, good sized 2br+1.75ba, pet friendly unit at a well maintained 14units building. A mix of hardwood floors and tiles and granite kitchen counter tops. Live in the historic neighborhood close to celebrity homes and a glimpse of the Hollywood sign.1 parking space assigned to the unit. This unit must be rented!

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July, 2004
Jul 20, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 2150 N Beachwood Dr

Assessed Value (2020): $4,242,354

Year	Land Value	Improved Value	Assessed Value
2020	$1,240,834	$3,001,520	$4,242,354

Home Value Compared to the Market

This property vs the competition

2150 N Beachwood Dr sold on November 19, 2019 for 306.25% 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 $495.91 per/sqft which puts the price per square foot 31.5% lower than the current median sale per square foot for the city of Los Angeles.

About 2150 N Beachwood Dr

Detailed summary of property

2150 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 18 bedrooms, 14 bathrooms, roughly 9,175 living square feet, and sits on an approximately 10,869 square foot lot. 2150 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $4,240,834. 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 306.25% higher than the current median priced home. Local homes that are currently for sale include 639 N Alexandria Ave, 204 N Manhattan Pl and 204 N Manhattan Pl. While the average home in Los Angeles, CA is selling in 106 days, 2150 N Beachwood Dr has a days on market of 9 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 2150 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 2150 N Beachwood Dr

Public county record property details

Beds: 18
Baths: --
Year built: 1962
Sq. Ft.: 9,175
Lot Size: 10,868
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 35,36
APN: 5586-011-020

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

Loan Type

Conventional (20%), FHA (0%), VA (4%), Cash (4%), Other (16%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 2150 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.