1610 S Beverly Glen

    Los Angeles (City), CA 90024
    • $4,050,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 20563118
    UPDATED: 25 min ago
    $4,050,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,720
      SQFT
    • $417
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Offers Due Monday 3/23 at 5PM. PROBATE SALE-contact listing agents for full marketing package. 8-unit apartment building located in Prime Century City within walking distance to the newly renovated Westfield Century City mall with a plethora of shopping, dining and entertainment. Rarely traded asset in one of the most prestigious locations is being offered for sale for the first time in decades and features controlled intercom access entry, formal lobby with stained glass windows, a leasing office (delivered vacant), laundry room, and elevator. Delivered vacant is a large 3 Bed/3 Bath penthouse (currently reconfigured as a large 1 bedroom + den + bar and 2 baths) unit with private elevator key access and an oversized rooftop lounge with spectacular views perfect for an owner user. The property has been kept mostly in original condition and has deferred maintenance. Significant upside of approximately 47% in rents. Priced at 12.5 GRM and 5.76% CAP at market rents.

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    Based on information from CRISNet MLS as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.desertarealuxuryhomes.com/homes/104066906

    1610 S Beverly Glen Los Angeles (City), CA 90024

    • Price: $4,050,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 20563118
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    9,720
    SQFT
    $417
    $/SQFT
    1961
    Built
    Neighborhood:
    Westwood - Century City (C05)
    County:
    Los Angeles
    Area:
    Westwood - Century City (C05)
    Property Description
    Offers Due Monday 3/23 at 5PM. PROBATE SALE-contact listing agents for full marketing package. 8-unit apartment building located in Prime Century City within walking distance to the newly renovated Westfield Century City mall with a plethora of shopping, dining and entertainment. Rarely traded asset in one of the most prestigious locations is being offered for sale for the first time in decades and features controlled intercom access entry, formal lobby with stained glass windows, a leasing office (delivered vacant), laundry room, and elevator. Delivered vacant is a large 3 Bed/3 Bath penthouse (currently reconfigured as a large 1 bedroom + den + bar and 2 baths) unit with private elevator key access and an oversized rooftop lounge with spectacular views perfect for an owner user. The property has been kept mostly in original condition and has deferred maintenance. Significant upside of approximately 47% in rents. Priced at 12.5 GRM and 5.76% CAP at market rents.
    Exterior Features

    Lot Size Dimension Description 50X130 Parking Spaces Total 9 Parking Type Carport

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 3 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 3.0 Unit Number Of Bath02 2.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 2.0 Unit Number Of Bath07 3.0 Unit Number Of Bath08 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 1 Unit Number Of Bed05 1 Unit Number Of Bed06 2 Unit Number Of Bed07 3 Unit Number Of Bed08 1

    Property Features

    Adjusted Gross Income 219588.00 Assessed Improvement Value 295742.00 Assessed Land Value 110887.00 Cap Rate 3.27 Country United States Of America Expense Total Annual 80629.00 Gross Operating Income 213000.00 Gross Rent Multiplier 18.44 Hoa YN N Legal Disclosures Take Property As IsCourt Approval Not RequiredRent Control Lot Size Source Vendor Enhanced Net Operating Income 132371.00 Number Of Buildings 1 Special Conditions Probate Square Footage Source Vendor Enhanced Unit Monthly Rent01 1896.00 Unit Monthly Rent02 1834.00 Unit Monthly Rent03 1816.00 Unit Monthly Rent04 1158.00 Unit Monthly Rent05 1333.00 Unit Monthly Rent06 1967.00 Unit Monthly Rent07 5500.00 Unit Monthly Rent08 2795.00 Unit Projected Total Monthly Rent01 4000.00 Unit Projected Total Monthly Rent02 3195.00 Unit Projected Total Monthly Rent03 3195.00 Unit Projected Total Monthly Rent04 2495.00 Unit Projected Total Monthly Rent05 2495.00 Unit Projected Total Monthly Rent06 3195.00 Unit Projected Total Monthly Rent07 5500.00 Unit Projected Total Monthly Rent08 2795.00 Unit Total Monthly Rent01 1896.00 Unit Total Monthly Rent02 1834.00 Unit Total Monthly Rent03 1816.00 Unit Total Monthly Rent04 1158.00 Unit Total Monthly Rent05 1333.00 Unit Total Monthly Rent06 1967.00 Unit Total Monthly Rent07 5500.00 Unit Total Monthly Rent08 2795.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 8 Zoning Lar3

    Listing provided courtesy of Ramin Gheitanchi DRE#01501715 of Keller Williams Beverly Hills and Michael Monempour CA DRE# 01996829 of .


    Based on information from CRISNet MLS as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-31T21:42:52.777. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
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