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2166 Beachwood Terrace, Los Angeles, CA 90068
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2166 Beachwood Terrace Los Angeles, CA 90068

$2,085,000 Sold Price as of 07/13/2021
  • 8 Beds
  • 4 Baths
  • 3,700 Sq.Ft.
Sold
$2,085,000 Sold Price as of 07/13/2021 Refinance Your Mortgage
Map preview of 2166 Beachwood Terrace, Los Angeles, CA 90068

Property Overview: 2166 Beachwood Terrace Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,700 living square feet and 4,936 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sold Before Processing, Entered for Comps Purposes Only. This beautiful and classic 1930s Spanish Colonial Revival four-unit investment property is located in the highly sought after neighborhood of Beachwood Canyon (part of the Hollywood Hills). The neighborhood has been home to famous creative types, from Charlie Chaplin to Keanu Reeves. Residents are walking distance to numerous popular restaurants and shops (such as the Daily Planet Bookstore, Bourgeois Pig, Birds, the Upright Citizens Brigade (started by comedian Amy Poehler), Counterpoint Records & Books, The Oaks Gourmet Market, and Gelsons Market). Residents can also quickly access other major destinations in the vicinity for both work and entertainment, such as Studio City, Hollywood, Los Feliz, and Downtown LA, via the major thorough-fares like Franklin Avenue, Hollywood Boulevard, Sunset Boulevard, and the 101-freeway (aka Hollywood Freeway). comprised of two structures, totaling over 3,700 square feet of living space situated on a 4,942 square foot lot, with one assigned parking space for each apartment. The unit mix consists of four large two-bedroom/ one-bathroom apartments, all having two separate entry points. Built in 1930, the property has received numerous upgrades over the years and underwent an extensive remodel in 2020, including central AC and heat for all apartments, and copper plumbing throughout. All units are rented.

Listed by David Bramante | BRE #01511588 | Douglas Elliman of California, Inc.
Last checked: 9 minutes ago | Last updated: June 16th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
4,936
HOA Dues
$0/mo
Year built
1930
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21704486
City
Los Angeles
County
Los Angeles
Time on Site
1286 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,695
  • Total Rent: $2,695
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.88
  • Gross Scheduled Income: --
  • Net Operating Income: $84,179
  • Gross Operating Income: $131,280
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2166 Beachwood Terrace

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned, Parking Space, Side by Side, Private
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Hills, City Lights, Landmark
  • Total # of Units: 4
  • Parcel Number: 5586011005
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: Located in Beachwood Canyon, in the Hollywood Hills. North of the 101-Freeway and Franklin Avenue, and just off of North Beachwood Drive.
View more facts & features

Local Los Angeles Agent

Sale History for 2166 Beachwood Terrace

Last leased for $3,300 on May 15th, 2022

  • May, 2022

  • May 15, 2022

    Date

    Leased

    CRMLS: 22150433

    $3,300

    Price

  • Apr 26, 2022

    Date

    Active

    CRMLS: 22150433

    $3,300

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Hollywood's exclusive BEACHWOOD CANYON! Live in glamorous "Old Hollywood" style in this bright 2 bedroom 1 bath Spanish style apartment, with fireplace and vintage charm. Lots of windows allow for tons of natural light and cool Beachwood Canyon breezes day and night. Central AC/heat also available. Living room features a gas fireplace and vintage tile surround with original hardwood floors. The central hallway features a linen cabinet, make your way to either of the two large size bedrooms with lots of windows and ample space in each closet. The eat-in kitchen is surrounded by louver windows, mosaic tile flooring, dishwasher, gas stove/oven, garbage disposal, granite counter tops and refrigerator. Bathroom bathed in natural light featuring upgraded shower head and spanish tile tub/shower and mosaic tile flooring. One uncovered parking space included. Small pets ok. Optional: Garage storage available for additional $150.00 per month - Showings begin after May 1

  • June, 2021

  • Jun 27, 2021

    Date

    Expired

    CRMLS: 21704486

    $2,085,000

    Price

  • Mar 12, 2021

    Date

    Active

    CRMLS: 21704486

    $2,085,000

    Price

  • February, 2021

  • Feb 16, 2021

    Date

    Expired

    CRMLS: 20589786

    $2,090,000

    Price

  • Dec 8, 2020

    Date

    Price Change

    CRMLS: 20589786

    $2,090,000

    Price

  • Nov 18, 2020

    Date

    Price Change

    CRMLS: 20589786

    $2,190,000

    Price

  • Jul 27, 2020

    Date

    Price Change

    CRMLS: 20589786

    $2,290,000

    Price

  • Jun 11, 2020

    Date

    Active

    CRMLS: 20589786

    $2,300,000

    Price

  • Listing provided courtesy of CRMLS

    2166 Beachwood Terrace is a charming 4-unit Spanish style apartment building located in the Hollywood Hills neighborhood. The property consists of 3,700 of rentable SF, on a 4,941 SF lot, and is conveniently positioned in a quiet cul de sac off of Beachwood Canyon Drive. Built in the 1930s, this property is tucked high above the hectic pace of the city life, giving tenants the relaxed vibe of the neighborhood. The unit mix consists of four large two-bedroom/one-bathroom apartments, all of which provide two separate entry points into the apartment. Two of the vacant units are situated side by side, which can easily be converted into one large unit, leaving the opportunity for a potential buyer to combine these units into one. Each unit also includes a private balcony that overlooks the Hollywood Sign and the city of Los Angeles. On-site amenities include laundry within each unit and four parking spaces at the back of the property. This asset is ideal for an investor or an owner/user who

  • January, 2018

  • Jan 19, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • January, 2017

  • Jan 2, 2017

    Date

    Expired

    CRMLS: 16169246

    $2,100,000

    Price

  • Nov 28, 2016

    Date

    Price Change

    CRMLS: 16169246

    $2,100,000

    Price

  • Nov 1, 2016

    Date

    Price Change

    CRMLS: 16169246

    $2,165,000

    Price

  • Oct 6, 2016

    Date

    Active

    CRMLS: 16169246

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Spanish Style property located in Beachwood canyon. Property consists of 4 large two bedroom units. All units have new AC. Six parking spaces at the rear of the property.

  • August, 1999

  • Aug 6, 1999

    Date

    Sold (Public Records)

    Public Records

    $495,000

    Price

Show More

Tax History for 2166 Beachwood Terrace

Assessed Value (2020): $2,288,880
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $1,248,480 $2,288,880

Home Value Compared to the Market

This property vs the competition

2166 Beachwood Terrace sold on July 13, 2021 for 86.16% 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 $563.51 per/sqft which puts the price per square foot 22.17% lower than the current median sale per square foot for the city of Los Angeles.

About 2166 Beachwood Terrace

Detailed summary of property

2166 Beachwood Terrace is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,700 living square feet, and sits on an approximately 4,936 square foot lot. 2166 Beachwood Terrace was first listed on ArdentRealEstateGroup.com on March 13, 2021. The homeowner sold the property for $2,085,000. 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 86.16% higher than the current median priced home. Local homes that are currently for sale include 6607 Fountain Ave, 1414 N Las Palmas Ave and 1435 N Las Palmas Ave. While the average home in Los Angeles, CA is selling in 106 days, 2166 Beachwood Terrace has a days on market of 13 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 2166 Beachwood Terrace 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 2166 Beachwood Terrace

Public county record property details
Beds
8
Baths
4
Year built
1930
Sq. Ft.
3,700
Lot Size
4,942
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5586-011-005

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%)

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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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