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2649 N Beachwood Dr, Los Angeles, CA 90068
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2649 N Beachwood Dr Los Angeles, CA 90068

$1,935,000 Sold Price as of 02/22/2021
  • 10 Beds
  • 6 Baths
  • 5,628 Sq.Ft.
Sold
$1,935,000 Sold Price as of 02/22/2021 Refinance Your Mortgage
Map preview of 2649 N Beachwood Dr, Los Angeles, CA 90068

Property Overview: 2649 N Beachwood Dr Los Angeles, CA has 10 bedrooms, 6 bathrooms, 5,628 living square feet and 5,913 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 50 years. This is a generational real estate buying opportunity to own one of the most iconic properties on Beachwood Drive. Add this to your portfolio now before this opportunity is gone. This could be a once in a lifetime opportunity for the prepared investor as these types of properties are not available very often. Situated below the "HOLLYWOOD" sign this building sits on the most premier lot on Beachwood Drive. This 6 unit apartment consists of (4) 2 bed / 1 bath and (2) 1 bed / 1 bath units. This property is great for any investor looking for a stabilized, cash-flowing asset to add to their portfolio or for a long term hold with unlimited appreciation potential. Current ownership completed the soft story retrofit in 2019. Interior and exterior have been continually upgraded and maintained. The property is 100% leased providing annual gross scheduled income of $123,600. Two of the units are leased at market rates. Three units are slightly below market while the 6th is rented below market to a long term tenant. These units are almost never vacated and fill up within days when available. All the tenants all up to date on rents. The property is separately metered for electricity and gas has separate water heaters for each unit. It is master metered for water. Each unit has its own off-street parking space. Located at the north end of Beachwood Drive, just a short walking distance to shopping and dining.

Listed by Jeffrey Neel | BRE #01839168 | First Team Real Estate
Last checked: 7 minutes ago | Last updated: July 17th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
5,913
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC20188314
City
Los Angeles
County
Los Angeles
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,540
  • Total Rent: $2,540
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,630
  • Total Rent: $1,630
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,430
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.34%
  • Gross Rent Multiplier: 19.01
  • Gross Scheduled Income: $123,600
  • Net Operating Income: $80,927
  • Gross Operating Income: $119,892
  • Laundry Income: $240
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $45,875
  • Electric: $1,000
  • Licenses: $492
  • New Taxes: $26,100
  • Trash: $1,000
  • Gardener: $1,200
  • Insurance: $2,363
  • Maintenance: $5,995
  • Professional Management: $2,400
  • Water/Sewer: $1,703
  • Other Expenses: $1,122

Property Details for 2649 N Beachwood Dr

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 5585005016
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Other Subdivision Name: Hollywoodland
  • Directions: Beachwood Drive go North from Franklin
Neighborhood Information
  • Community Features: Hiking
View more facts & features

Local Los Angeles Agent

Sale History for 2649 N Beachwood Dr

Last sold for $1,935,000 on February 22nd, 2021

  • July, 2023

  • Jul 17, 2023

    Date

    Expired

    CRMLS: DW23046477

    $2,495,000

    Price

  • Mar 21, 2023

    Date

    Active

    CRMLS: DW23046477

    $2,595,000

    Price

  • Listing provided courtesy of CRMLS

    Potential seller carry financing. 2649 N Beachwood is a 6-unit apartment building consisting of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units. Spacious layouts with plenty of natural light. Some of the recent improvements include resurfaced landings, cement walkways in the back of the property, new patio for the back bottom unit, and upgraded fencing. Location boasts great walkability to the Hollywood sign and the many trails in Griffith Park. Close proximity to the Griffith Observatory, the Hollywood Reservoir, and the many historical landmarks of Hollywoodland.

  • March, 2023

  • Mar 21, 2023

    Date

    Expired

    CRMLS: DW22243119

    $2,795,000

    Price

  • Nov 16, 2022

    Date

    Active

    CRMLS: DW22243119

    $2,795,000

    Price

  • Listing provided courtesy of CRMLS

    2649 N Beachwood is a 6-unit apartment building consisting of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units. Spacious layouts with plenty of natural light. Some of the recent improvements include resurfaced landings, cement walkways in the back of the property, new patio for the back bottom unit, and upgraded fencing. Location boasts great walkability to the Hollywood sign and the many trails in Griffith Park. Close proximity to the Griffith Observatory, the Hollywood Reservoir, and the many historical landmarks of Hollywoodland.

  • February, 2021

  • Feb 22, 2021

    Date

    Sold

    CRMLS: OC20188314

    $1,935,000

    Price

  • Jan 28, 2021

    Date

    Pending

    CRMLS: OC20188314

    $2,175,000

    Price

  • Jan 20, 2021

    Date

    Active Under Contract

    CRMLS: OC20188314

    $2,175,000

    Price

  • Dec 17, 2020

    Date

    Price Change

    CRMLS: OC20188314

    $2,175,000

    Price

  • Dec 17, 2020

    Date

    Active

    CRMLS: OC20188314

    $2,350,000

    Price

  • Dec 14, 2020

    Date

    Active Under Contract

    CRMLS: OC20188314

    $2,350,000

    Price

  • Nov 5, 2020

    Date

    Price Change

    CRMLS: OC20188314

    $2,350,000

    Price

  • Oct 19, 2020

    Date

    Price Change

    CRMLS: OC20188314

    $2,475,000

    Price

  • Oct 10, 2020

    Date

    Active

    CRMLS: OC20188314

    $2,685,000

    Price

  • February, 2021

  • Feb 22, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,935,000

    Price

  • June, 2014

  • Jun 26, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2649 N Beachwood Dr

Assessed Value (2020): $449,722
Year Land Value Improved Value Assessed Value
2020 $149,173 $300,549 $449,722

Home Value Compared to the Market

This property vs the competition

2649 N Beachwood Dr sold on February 22, 2021 for 82.77% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $386.46 per/sqft which puts the price per square foot 48.81% lower than the current median sale per square foot for the city of Los Angeles.

About 2649 N Beachwood Dr

Detailed summary of property

2649 N Beachwood Dr is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 5,628 living square feet, and sits on an approximately 5,913 square foot lot. 2649 N Beachwood Dr was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,935,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 82.77% higher than the current median priced home. Local homes that are currently for sale include 1417 N Kenmore Ave, 5500 Barton Ave and 1000 N Oxford Ave. While the average home in Los Angeles, CA is selling in 96 days, 2649 N Beachwood Dr has a days on market of 69 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2649 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 2649 N Beachwood Dr

Public county record property details
Beds
10
Baths
6
Year built
1957
Sq. Ft.
5,628
Lot Size
5,913
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
216
APN
5585-005-016

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
$2,095,000
Median List Price/Sq.Ft.
$877
Median Sold Price
$2,100,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
157
Median Sale to List Price %
112%
Avg Days on Market
31
Loan Type
Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), Other (0%)

Thinking of Selling?

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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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