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$2,950,000

Beds
6
sq ft
5,513

2568 N Beachwood Dr, Los Angeles, CA 90068

2568 N Beachwood Dr

Los Angeles, CA 90068

  • 15 days on market
Welcome to "Le B" an exceptional investment opportunity at the highly sought-after N Beachwood Drive, located just below the world-famous Hollywood Sign. This unique property offers two distinct buildings on a prime parcel: a beautifully maintained multi-family residence "Le B" at 2570 N Beachwood Drive and a charming single-family home at 2568 N Beachwood Drive that sits behind 2570 on the hillside. The front building 2570 consists of four updated 1,000 sq. ft. one-bedroom units, each featuring modern amenities such as stackable washer/dryers, private rear entrances, and stylish finishes that retain a classic Hollywood Victorian charm. One unit even includes a luxuriously heated bathroom floor, adding an extra touch of comfort. The second structure, a cozy two-bedroom, one-bathroom single-family residence, is perched on the hillside. It includes a basement with a washer, dryer, sink, and the potential to add a second bathroom. The residence boasts a serene back patio with steps leading up the hillside, offering a direct view of the iconic Hollywood Sign and an enclosed front patio with city views. This investment property stands out with its 0% vacancy rate and will be sold with tenants in place. Both buildings are fully updated, and meticulously maintained. All units are equipped with central air and heat, ensuring tenant comfort. With panoramic views, premium location, and a strong rental demand, this property is a rare find in the Hollywood Hills. Don't miss your chance to own this one-of-a-kind investment opportunity that promises steady income and long-term value. This opportunity won't last, this property is tenant occupied and do not disturb tenants.

Details

Property type

Est. home value

$2,323,946

Property condition

Updated/Remodeled

Lot size

7,502 sq ft

Price per sq ft

$536

Year built

1928

HOA

No

Price History

11/04/2024
CLAW

CLAW #24455611

Listed
$2,950,000

Schools & Community

Neighborhood: 

Hollywood Hills

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Oaktree Funding Corp

Loan start date

December 2021

Original loan amount

$1,250,000

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Commercial, 30 year

Seller

Marcis Cole

Lender

Citadel Servicing Corporation

Loan start date

November 2018

Original loan amount

$1,200,000

Est. remaining balance

Not provided

Interest rate

6.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Marcis Cole

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 10:30 PM

Listing updated: 11/12/2024 at 5:15 AM

Listed by: Lisa Jorgensen, Nest Seekers Phone #: (310) 278-8861

MLS: CLAW #24455611

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