$4,395,000
- Beds
- Unknown
- sq ft
- 7,834
1238 S Beverly Glen Blvd, Los Angeles, CA 90024
1238 S Beverly Glen Blvd
Los Angeles, CA 90024
- 27 days on market
We are pleased to present 1238 S Beverly Blvd, a 18-unit apartment building located in Westwood, a neighborhood in Los Angeles, California. Built in 1946,the property consists o three (3) bachelor units, seven (7) bachelor + kitchenette units, and eight (8)studio units. The building is 7,834 gross square feet and sits on a 7,429 square foot lot. 1238 S Beverly Glen Blvd is located on a charming, residential street in Westwood, California. Residents will benefit from the abundance of restaurants, shopping, and entertainment options nearby. The property is within walking distance to the Century City Mall and only a 5 minute drive to Westwood Town Center. Strategically positioned in West LA, Westwood offers convenient access to major highways including the I-405 and the I-10. Its central location makes it an attractive choice for those needing to traverse to different parts of Los Angeles.1238 S Beverly Glen Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.12% with the ability to improve to a 6.42% CAP rate once units turnover.
Details
Property type
Lot size
7,431 sq ft
Price per sq ft
$562
Year built
1946
HOA
No
Price History
09/12/2024
CLAW #24431473
Listed
$4,395,000
09/03/2024
CLAW #24431473
Removed
$4,395,000
08/19/2024
CLAW #24431473
Listed
$4,395,000
Schools & Community
Neighborhood:
Westwood
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 2:30 AM
Listing updated: 09/12/2024 at 3:59 PM
Listed by: Michael Sterman, Marcus & Millichap Phone #: (818) 212-2700
MLS: CLAW #24431473
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