2448 N Beachwood Dr, Los Angeles, CA 90068
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2448 N Beachwood Dr Los Angeles, CA 90068

$1,450,000 Sold Price as of 08/31/2022
  • 0 Beds
  • 11 Baths
  • 3,070 Sq.Ft.
Sold
$1,450,000 Sold Price as of 08/31/2022 Refinance Your Mortgage

Map preview of 2448 N Beachwood Dr, Los Angeles, CA 90068

Property Overview: 2448 N Beachwood Dr Los Angeles, CA has -- bedrooms, 11 bathrooms, 3,070 living square feet and 6,799 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present an eleven (11) unit apartment building located at 2448 N Beachwood Drive in Los Angeles, California. The subject property is situated in a prime Beachwood Canyon Location, north of Franklin Avenue in the main artery of greater Hollywood Hills. Built in 1942, this property contains a streamlined unit mix of eleven (11) bachelor / one bathroom units. The property is unique with a resort like feel, well-maintained, private, and lush with incredible landscaping. The units have their own covered patio with a retractable bamboo screen, updated flooring, and A/C. The common area includes a laundry facility, barbeque, and outdoor dining area for residents to enjoy. Access to the property is private, gated, & secure. The subject property is less than half a mile away from the exclusive Beachwood Village marketplace, where outdoor enthusiasts prepare for and unwind from the incredible Hollywood Sign and Hollywood Reservoir trails. The entrance to the Hollywood Sign Vista is located just 1.5 miles from the subject property. The neighborhood itself is quiet, tucked into the Greater Hollywood Hills but still half a mile away from the commercial corridor on Franklin Avenue. Tenants will enjoy living in a suburban atmosphere while having easy access across all major transportation hubs through Los Angeles. Situated in a prime Beachwood Canyon location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential with two (2) units delivered vacant in one of the most coveted submarkets in Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
6,799
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22157949
City
Los Angeles
County
Los Angeles
Time on Site
768 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,166
  • Total Rent: $1,166
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.18%
  • Gross Rent Multiplier: 12.19
  • Gross Scheduled Income: --
  • Net Operating Income: $97,168
  • Gross Operating Income: $149,236
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2448 N Beachwood Dr

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Interior Features
  • Levels: One
  • Security Features: Gated Community, Card/Code Access, 24 Hour Security
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Landscaped, Lawn
Property Information
  • Has View
  • View: Hills
  • Total # of Units: 11
  • Parcel Number: 5580007028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Beachwood Canyon Location, north of Franklin Avenue in the main artery of greater Hollywood Hills.
View more facts & features

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Sale History for 2448 N Beachwood Dr

Last sold for $1,450,000 on August 31st, 2022
  • August, 2022

  • Aug 31, 2022

    Date

    Sold

    CRMLS: 22157949

    $1,450,000

    Price

  • May 17, 2022

    Date

    Active

    CRMLS: 22157949

    $2,150,000

    Price

  • July, 1999

  • Jul 29, 1999

    Date

    Sold (Public Records)

    Public Records

    $138,500

    Price

  • June, 1994

  • Jun 6, 1994

    Date

    Sold (Public Records)

    Public Records

    $272,298

    Price

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Tax History for 2448 N Beachwood Dr

Assessed Value (2020): $527,001
Year Land Value Improved Value Assessed Value
2020 $372,418 $154,583 $527,001

Home Value Compared to the Market

This property vs the competition

2448 N Beachwood Dr sold on August 31, 2022 for 65.93% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $610.75 per/sqft which puts the price per square foot 19% lower than the current median sale per square foot for the city of Los Angeles.

About 2448 N Beachwood Dr

Detailed summary of property

2448 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered -- bedrooms, 11 bathrooms, roughly 3,070 living square feet, and sits on an approximately 6,799 square foot lot. 2448 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on May 17, 2022. The homeowner sold the property for $1,450,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 65.93% higher than the current median priced home. Local homes that are currently for sale include 5228 De Longpre Ave, 1231 N Cherokee Ave and 3107 Hollycrest Dr. While the average home in Los Angeles, CA is selling in 98 days, 2448 N Beachwood Dr has a days on market of 83 days. There are currently 3964 homes for sale in the Los Angeles real estate market and 2670 of them are single family homes while 1181 of them are condos and 106 are townhomes. For more information on this home for sale at 2448 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 2448 N Beachwood Dr

Public county record property details
Beds
--
Baths
--
Year built
1942
Sq. Ft.
3,070
Lot Size
6,799
Stories
1
Type
Homes (Retired; Handicap, Rest; Convalescent; Nursing)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
5580-007-028

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
$2,195,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$1,850,000
Median Sold Price/Sq.Ft.
$901
Total Inventory
185
Median Sale to List Price %
103.06%
Avg Days on Market
26
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (0%)

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Related Resources to 2448 N Beachwood Dr

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.