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Listing Details

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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 California Regional Multiple Listing Service, Inc. as of 2021-09-17T20:32:44.96. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/120033561
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2033 N Beachwood Drive Los Angeles (City), CA 90068

  • Price: $8,750,000
  • Status: Active
  • Updated: 43 min ago
  • ID#: 21768668
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Beds
0
Baths
0
½ Baths
0.46
Acres
1953
Built
Neighborhood:
C30 - Hollywood Hills East
County:
Los Angeles
Area:
C30 - 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

Architectural Style Mid-Century Modern Parking Features CoveredDoor-MultiGarageGatedPrivate Pool Features CommunityFencedIn GroundSolar Heat Pool Private YN No View City LightsCourtyardCanyonHills View YN Yes

Interior Features

Appliances MicrowaveRefrigerator Cooling Wall/Window Unit(S) Cooling YN Yes Interior Features Ceiling Fan(S)

Property Features

Community Features GatedPool Garage YN Yes Gross Income 592512 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 385744 Possession Close Of Escrow Property Condition Repairs Cosmetic Security Features Security GateGated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Lar3

Listing provided courtesy of Kamfar Kyle Mirrafati of Matthews Real Estate Investment Services


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T20:32:44.96. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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