Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

5,343 sqft

Lot size

6,754 sqft

Year built

1956

Stories

0

Heating

Forced Air

Status

Active

Days on market

0

MLS #

248785892

About this property

Exceptional Hollywood value-add opportunity featuring a 10-unit multifamily property with six vacant units ready for renovation, offering investors the ability to execute a coordinated repositioning strategy and pursue increased rental income. Four occupied units provide existing income while renovations and lease-up are underway. The property is surrounded by significant new construction, including projects directly across the street and next door, reflecting substantial investment in the immediate neighborhood. Located near Echelon Studios Hollywood, a major studio and creative office development nearing completion, the property is positioned amid Hollywood's continued transformation and expanding entertainment infrastructure. With immediate renovation potential and significant development activity nearby, investors have the opportunity to create value through strategic improvements and a focused lease-up plan. Acquire, renovate, reposition, and capitalize on Hollywood's ongoing evolution. For investors seeking a hands-on multifamily opportunity, 1140 N. Beachwood Drive offers the combination of vacant-unit renovation potential, existing occupancy, and immediate neighborhood development. Acquire the asset, implement a disciplined renovation and lease-up strategy, and position the property to benefit from Hollywood's ongoing evolution.

Location

1140 N Beachwood Drive

Los Angeles, Los Angeles, CA, 90038