Los Angeles, CA 90025,1849 Beloit Ave
Los Angeles, CA 90025,1849 Beloit Ave
Los Angeles, CA 90025,1849 Beloit Ave
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$2,300,000
Est. payment /mo
11 Beds
12 Baths
7,181 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,181 sqft

Price per Sqft $320

MLS Listing ID 25595113

Style Mid-Century

Bedrooms 11

Year Built 1965

Lot Size 7,002 Sqft

Acres 0.1607

Property Sub-Type Multi-Family

Property Description

Positioned in the heart of Sawtelle, 1849 Beloit is a value-add multifamily complex surrounded by one of LA's most vibrant dining and cultural corridors. Just steps from the neighborhood's renowned Japantown stretch, tenants enjoy walkable access to an endless roster of restaurants, cafes, and dessert bars that draw foot traffic from across the city. Beyond its dining and retail scene, the property sits at the center of a high-income tenant base, surrounded by financial, legal, entertainment, and medical offices that line the Wilshire Corridor, from Beverly Hills to Santa Monica. Located near Westfield Century City, San Vicente Blvd in Brentwood, downtown Santa Monica, and UCLA, the address checks every box for location-driven renters. Built in 1965, the building features (3) 2-bdrm/2-bath units, (5) 1-bdrm. units, and (1) studio unit. Its mid-century exterior facade provides vintage charm, while the layouts inside emphasize functionality. Units feature a private patio or balcony. Property amenities include 2 tandem parking spaces in the front, approx. 5 parking spaces in the rear, soft-story retrofit completion (buyer to verify), and a community laundry room. 1849 Beloit is currently offered at $255,556 per unit and $320 per foot, offering approx. 59% rental upside. The property will stabilize at a 8.44% CAP and 8.78 GRM based on market rents. This is a classic West LA value-add: a well-located asset with character, upside, and reliable fundamentals in a location where tenants consistently pay premiums for lifestyle and access.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Fireplaces Type None

Equipment Other

Exterior

Parking Features Tandem, Covered Parking, Uncovered

Garage Spaces 7.0

View Y/N No

View None

Building

Story 2

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
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Kirshner Elkin Properties

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