4707 Beverly Blvd - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,750,000 USD
310-968-7005
4707 Beverly Blvd, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/10
null | 6.1% Cap Rate

4707 Beverly Blvd
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • 9-units located minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market.
  • Offered at $1,750,000, or $194,444 per unit and $262 per SF, operating at a 10.00 GRM and 6.10% CAP on current rents.
  • Approximately 33% rental upside based on local renovated comparables, with projected stabilization at a 9.35% CAP and 7.35 GRM.
  • Pricing is positioned competitively relative to recent Larchmont and Hancock Park-adjacent multifamily sales on both a per-unit and per-foot basis.
  • Functional 2-story layout and unit mix of (1) 2+2 unit, (2) 2+1 units, and (6) 1+1 units that continue to perform well in the Mid-City rental market.
  • Professionally managed asset with a straightforward layout and proximity to Mid-City’s most active dining, retail, and entertainment corridors.

OVERVIEW

4707 Beverly Blvd. is a 9-unit offering positioned between several of Mid-City's most active residential and retail corridors. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market, placing residents within reach of one of the city's most concentrated clusters of restaurants, cafs, nightlife venues, and neighborhood retail. Offered at $1,750,000, the property is priced at $194,444 per unit, $262 per SF, and a 10.00 GRM on current rents. The pricing aligns favorably with several recent multifamily sales in the surrounding Larchmont and Hancock Park-adjacent neighborhoods, placing the offering competitively within the local market on both a per-unit and per-foot basis. At projected market rents, the property presents approximately 33% rental upside compared to current in-place rents. Upon stabilization, the asset is projected to operate at a 9.35% CAP and 7.35 GRM. Located between several of Mid-City's most active cultural and dining districts, 4707 Beverly Blvd. benefits from immediate proximity to Larchmont Village, Koreatown, and the expanding retail corridors surrounding Melrose Ave. Residents enjoy access to an extensive mix of restaurants, cafs, specialty grocers, nightlife venues, and neighborhood services, while Paramount Studios and other nearby employment centers continue to generate consistent housing demand throughout the area. With competitive entry pricing, approximately 33% rental upside, and proximity to Larchmont Village, Koreatown, and Paramount Studios, 4707 Beverly Blvd. presents investors with a well-located Mid-City asset supported by strong neighborhood fundamentals and a clear path toward improved long-term performance.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$262 USD /SF

# OF UNITS

9

PRICE/UNIT

$194,444

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 GRM, 6.1% CAP $ 194K PPU in Larchmont

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,253 SF

ZONING

R3

APN/PARCEL ID

5522-033-011

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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Kenny StevensCompassMore Info
310-968-7005

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