4707 Beverly Blvd - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,685,000 USD
310-968-7005
4707 Beverly Blvd, Los Angeles, CA for Sale
$1,685,000 USD
Apartments - FOR SALE
1/10
null | 5.99% 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 $1,685,000, or $187,222 per unit and $252 per SF, operating at a 9.43 GRM current rents.
  • Approximately 33% rental upside based on local renovated comparables, with projected stabilization at a 9.15% CAP and 7.23 GRM.
  • Pricing is positioned competitively relative to recent Larchmont and Hancock Park-adjacent multifamily sales on both a per-unit and per-foot basis.
  • ***Recent capital improvements include sewer line replacement, copper plumbing upgrades, roof improvements, and select window replacements***
  • 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 Mid-City offering priced at $187,222 per unit and $252 per SF, operating at a 5.99% CAP and 9.43 GRM on current rents. With approx. 31% rental upside supported by renovated comps in the immediate area, the property presents a clear value-add opportunity at a basis that remains competitive within the Larchmont-adjacent market. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Koreatown, Paramount Studios, and the 6th Street corridor surrounding Chapman Market. This positioning places residents within one of the most active and concentrated pockets of dining, retail, and neighborhood amenities in Central Los Angeles, while maintaining access to multiple employment hubs that continue to support consistent rental demand. The building benefits from a straightforward unit mix and layout that supports a repeatable renovation strategy as units turn. Based on renovated rental comparables nearby, the property offers approx. 31% rental upside, with projected stabilization at an 9.15% CAP and 9.43 GRM. The gap between current and market rents provides a clear path to improved performance through typical interior upgrades. ***Major building systems have already been addressed. Recent capital improvements include a new roof, sewer line replacement, and horizontal plumbing upgrades, reducing near-term capital requirements and allowing a buyer to focus on interior improvements and rent growth.*** With a central Mid-City location, proximity to Larchmont Village and Koreatown, and a clear value-add profile supported by both unit economics and completed system upgrades, 4707 Beverly Blvd. offers a 9-unit asset where basis, location, and upside are aligned.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

9

PRICE/UNIT

$187,222

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9.43 GRM & 5.99% CAP by Larchmont Village

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

7,286 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.