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    2033 N Beachwood Dr

    Los Angeles, CA 90068
    • $8,750,000
    • STATUS: Pending
    • ON SITE: 53 days
    • MLS #: 21-768668
    Pending
    UPDATED: 19 min ago
    $8,750,000
    • 23
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,712
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Rare and unique pride of ownership apartment building in the heart of Hollywood's Beachwood Canyon. 2033 North Beachwood Drive is a mid-century style 26-unit apartment building which consists of six (6) studios, sixteen (16) one-bedroom one-bathroom units, three (3) two-bedroom one-bathroom units, and one (1) spacious three-bedroom one-and-a-half-bathroom unit. This two-story, gated courtyard style apartment was built in 1953 and has all the amenities expected of a Hollywood Hills property. The property features twenty (20) parking spaces, an on-site laundry facility owned by the landlord, security cameras, solar-powered pool, large balconies with views, and recently completed soft story retrofit. Living North of Franklin Avenue, on the famous palm tree-lined street of Beachwood Drive, tenants have access to fine dining, cafes, shopping, and all the entertainment one can desire. With dual access points on Gower St and Beachwood Dr, tenants will enjoy the convenience of entering and exiting the premises wherever they desire. With this rare buying opportunity, you can immediately renovate the eight (8) vacant units, easily convert an additional existing studio unit that has all the hookups, plumbing, and fixtures to be rented out or used as a managers unit, and the potential to add ADUs above the seven (7) double garages on Gower. A savvy investor will capitalize on the renters neighborhood that is Beachwood Canyon for decades to come.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T18:42:36.073. 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.
    www.desertarealuxuryhomes.com/homes/120023782
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    2033 N Beachwood Dr Los Angeles, CA 90068

    • Price: $8,750,000
    • Status: Pending
    • Updated: 19 min ago
    • MLS #: 21-768668
    23
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    19,712
    SQFT
    $444
    $/SQFT
    1953
    Built
    Neighborhood:
    Hollywood Hills East
    County:
    Los Angeles
    Area:
    Hollywood Hills East
    Property Description
    Rare and unique pride of ownership apartment building in the heart of Hollywood's Beachwood Canyon. 2033 North Beachwood Drive is a mid-century style 26-unit apartment building which consists of six (6) studios, sixteen (16) one-bedroom one-bathroom units, three (3) two-bedroom one-bathroom units, and one (1) spacious three-bedroom one-and-a-half-bathroom unit. This two-story, gated courtyard style apartment was built in 1953 and has all the amenities expected of a Hollywood Hills property. The property features twenty (20) parking spaces, an on-site laundry facility owned by the landlord, security cameras, solar-powered pool, large balconies with views, and recently completed soft story retrofit. Living North of Franklin Avenue, on the famous palm tree-lined street of Beachwood Drive, tenants have access to fine dining, cafes, shopping, and all the entertainment one can desire. With dual access points on Gower St and Beachwood Dr, tenants will enjoy the convenience of entering and exiting the premises wherever they desire. With this rare buying opportunity, you can immediately renovate the eight (8) vacant units, easily convert an additional existing studio unit that has all the hookups, plumbing, and fixtures to be rented out or used as a managers unit, and the potential to add ADUs above the seven (7) double garages on Gower. A savvy investor will capitalize on the renters neighborhood that is Beachwood Canyon for decades to come.
    Exterior Features

    Lot Size Area 20300 Other Structures Accessory Dwelling UnitOther Parking Garage GarageGarage - 2 CarGarage Is DetachedGatedCovered ParkingPrivate GarageDriveway Gate Pool Description In GroundSolar HeatFencedCommunity Pool YN Yes Style Mid-Century Total Parking 20 View Description CanyonCourtyardHillsCity View YN Yes

    Interior Features

    Baths Total 27.00 Cooling Wall/WindowAir Conditioning Equipment Ceiling FanRefrigeratorMicrowaveRange/Oven Heating Wall Gas Laundry Laundry Area Water Heater Features SolarCentral Water Heater

    Property Features

    Assessed Total Value 2311879 Gross Income 592512 Gross Operating Income 595818 Like Units1 6 Like Units2 16 Like Units3 3 Like Units4 1 Net Operating Income 385744.00 Number Of Buildings 1 Number Of Units 26 Property Condition Repair Cosmetic Sale Type Standard Security Features GatedAutomatic GateCommunity Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 210074 Type Of Units Residential Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Kamfar Kyle Mirrafati DRE#01911204 of Matthews Real Estate Investment Services.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T18:42:36.073. 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.
     
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