2354 S Beverly Glen Blvd - Apartments FOR SALE


Los Angeles, CA 90064- Rancho Park
$2,200,000 USD
310-979-4990
2354 S Beverly Glen Blvd, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/30
null | 4.16% Cap Rate

2354 S Beverly Glen Blvd
Los Angeles, CA 90064
Rancho Park


HIGHLIGHTS

  • Architectural Standout – Distinctive aesthetic and curb appeal set this property apart from typical apartment buildings in the area
  • Desirable Unit Features: AIl 2 BD units has in-unit washer/Dryer, enclosed private patios, and end unit has additional private rooftop patio
  • Consistent Rental Demand – In-place CAP of 4.16% with a 14.44 GRM, pro forma cap rate post renovation at 7.16% CAP and 9.60 GRM
  • Proximity to Major Employers – Minutes from UCLA, Cedars-Sinai, Fox Studios, and Westfield Century City, Silicon Beach Tech companies
  • Affluent & Stable Demographic – Situated in a high-income area with educated, long-term renters seeking convenience, lifestyle amenities
  • Strong Long-Term Appreciation Potential – Limited supply, high land values, and demand for well-located Westside multifamily assets

OVERVIEW

2354 S Beverly Glen Blvd, Los Angeles, CA 90064 presents a rare opportunity to acquire an architecturally distinctive mid-century-design 5-unit apartment building in a highly desirable West Los Angeles location one block north of Rancho Park Golf Course. The property stands out from typical multifamily buildings in the area with its attractive design and strong curb appeal. Situated on a 7,152-square-foot lot, the building offers approximately 4,133 square feet and 8 on-site parking spaces (4 private garage with tandem spot behind*). The unit mix consists of four spacious 2-bedroom, 2-bath units and one studio unit. All two-bedroom units feature in-unit washer and dryers and private enclosed patios, while one two-bedroom unit also enjoys an additional private rooftop deck. All apartments are generously sized, providing excellent livability and long-term rental appeal. With its architectural character, ideal unit mix, and prime location near major employment hubs and amenities, this property represents an outstanding investment or owner-user opportunity in one of Los Angeles’s most stable rental markets. The property currently operates at an in-place cap rate of 4.16% with a 14.44 GRM, offering steady current income and significant upside potential. With projected market rents, it achieves a pro forma cap rate of 7.16% and 9.60 GRM. Seismic retrofitting is not required, enhancing ease of ownership and long-term value. Do not disturb Tenants. Inside with Accepted Offers Only. OM Attached with Rentroll. *Seller notes that the tandem parking space adjacent to the private garage may extend into the city sidewalk area if a vehicle is parked too far out from the garage door. Buyer to investigate.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,144 SF

ZONING

LAR3

APN/PARCEL ID

4315-012-003

ASK ABOUT THIS PROPERTY

Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

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Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

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