1441 S Beverly Glen Blvd - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$17,500,000 USD
818-943-2319
1441 S Beverly Glen Blvd, Los Angeles, CA for Sale
$17,500,000 USD
Apartments - FOR SALE
1/18
null | 5.19% Cap Rate

1441 S Beverly Glen Blvd
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • First Time For Sale in 31 Years!
  • 71-Unit Apartment Building – 1953 Construction
  • Prime Westwood Location – Highly Walkable Neighborhood
  • Immediate Access to Trendy Dining, Boutique Shopping & Entertainment
  • Unit mix consisting of sixty three (63) Singles and eight (8) 1+1
  • 63 On-Site Parking Spaces and Laundry Facilities

OVERVIEW

1441 S. Beverly Glen Boulevard presents a rare opportunity to acquire a well-located, 71-unit multifamily asset in the highly desirable West Los Angeles market. Built in 1953, the property consists of 63 studio units and eight one-bedroom/one-bathroom units, totaling approximately 41,859 square feet of building area on a substantial 29,021-square-foot lot. The property’s efficient unit mix and significant scale provide investors with the opportunity to acquire a sizeable apartment community in an area where assets of this size are infrequently available. Ideally situated along the Beverly Glen corridor, the property offers convenient access to UCLA, Century City, Beverly Hills, Westwood, and many of the Westside’s premier employment centers, entertainment destinations, retail amenities, and dining options. Its central location provides residents with convenient connectivity throughout the Westside and places the property near several of Los Angeles’ most prominent business and educational hubs. Supported by the area’s limited housing supply, strong renter demographics, and proximity to major employment drivers, 1441 S. Beverly Glen Boulevard offers investors a compelling opportunity to establish a meaningful presence in one of Los Angeles’ most desirable and supply-constrained rental markets. The property’s scale, location, and predominantly studio unit mix make it a distinctive investment offering with the potential for long-term income growth and value appreciation.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

71

PRICE/UNIT

$246,479

CAP RATE

5.19%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park West Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1953

PARKING SPACES

63

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

R3-1-0, Los Angeles

APN/PARCEL ID

4327-004-012

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-943-2319

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Michael StermanMarcus & MillichapMore Info
818-943-2319

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.