2372-2374 S Beverly Glen Blvd - Apartments FOR SALE


Los Angeles, CA 90064- Rancho Park
$2,200,000 USD
310-270-8423
2372-2374 S Beverly Glen Blvd, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/17
null | 3.84% Cap Rate

2372-2374 S Beverly Glen Blvd
Los Angeles, CA 90064
Rancho Park


HIGHLIGHTS

  • Prime Westside Location – Centrally located near Century City, UCLA, Beverly Hills, and major employment hubs.
  • Value Add Investment Opportunity with +50% Upside in Market Rents
  • Rare Opportunity – Limited supply of properties in this corridor, creating long-term appreciation potential.
  • Attractive Unit Mix – Property consists of (8) 1 Bedroom / 1 Bathroom Units
  • Excellent Accessibility – Convenient access to the 405 & 10 freeways, shopping, dining, and transit
  • Low Basis Acquisition – Offered at just $275,000 per unit and $350 per SF.

OVERVIEW

Located in an A+ Prime West Los Angeles location, just steps from Century City, 2372 S. Beverly Glen Blvd is a well-maintained 8-unit multifamily property offering investors both strong fundamentals and significant long-term upside. Built in 1950, the property features an excellent unit mix consisting of (8) one-bedroom/one-bathroom units, catering to the steady demand for efficient and desirable rental housing in one of Los Angeles’ most coveted submarkets. Several units will be delivered with value-add potential, creating an opportunity to capture the +50% upside in market rents through interior renovations and repositioning. Strategically situated adjacent to Century City and within close proximity to Beverly Hills, Westwood, UCLA, and Santa Monica, the property benefits from unrivaled access to world-class shopping, fine dining, entertainment, and major employment hubs. Its location along Beverly Glen offers convenient connectivity to both the Westside and San Fernando Valley via nearby freeways and transit corridors. ***This property has not yet undergone the required Earthquake Seismic Retrofit. Buyer shall be responsible for all associated costs and liabilities."

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

3.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,576 SF

ZONING

LAR3

APN/PARCEL ID

4315-013-003

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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