Los Angeles, CA 90024,1301 S Beverly Glen Blvd
Los Angeles, CA 90024,1301 S Beverly Glen Blvd
Los Angeles, CA 90024,1301 S Beverly Glen Blvd
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$3,250,000
Est. payment /mo
7 Beds
6 Baths
6,789 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,789 sqft

Price per Sqft $478

MLS Listing ID 25606151

Bedrooms 7

Year Built 1952

Lot Size 7,120 Sqft

Acres 0.1635

Property Sub-Type Multi-Family

Property Description

We are pleased to present a multifamily investment opportunity in an A+ trophy location on a corner lot at 1301 S Beverly Glen Blvd in Westwood located between Santa Monica Blvd and Wilshire Blvd and less than a mile from Century City and the Wilshire Corridor. The property features five spacious units, three 1+1.5's and two 2+2's with 12 parking spaces, including three double garages; three units have been extensively renovated with in-unit washers and dryers, recessed lighting, new double-pane windows, base moldings, hardwood floors, stainless-steel appliances, custom dark wood cabinetry, double sink vanities, tile showers with separate tubs, central heat and air, and new electrical and plumbing. All units have private outdoor space; three of five units have large patios facing S Beverly Glen with unbeatable views of Century City. One of the renovated one-bedrooms (850 SF) will be delivered vacant at the close of escrow; ideal for an owner user or opportunity to rent at market immediately. This offering represents an exceptional opportunity to acquire a well-maintained property with no deferred maintenance and strong existing cash flow with an additional 33% rental upside achievable as the proven renovation plan is continued. Ideal location for residents to commute to nearby employment hubs and commutes to Downtown Westwood, Century City, Beverly Hills, West Hollywood, and the Westside. Located in an affluent neighborhood with a significant affordability gap between renting and home ownership; within a two-mile radius of 1301S Beverly Glen Blvd, the median home value is over $1.1 million, and the average household income is over $132,000. Located just minutes from one of Los Angeles' premier shopping and lifestyle destinations, Westfield Century City, featuring luxury retailers, top-tier dining, and entertainment options.

Location

State CA

County Los Angeles

Area Westwood - Century City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment None

Exterior

Parking Features Garage Is Attached

Garage Spaces 12.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

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Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

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