4723-4727 W Beverly Blvd - Apartments FOR SALE


Los Angeles, CA 90004- East Hollywood
$7,950,000 USD
424-704-2871
4723-4727 W Beverly Blvd, Los Angeles, CA for Sale
$7,950,000 USD
Apartments - FOR SALE
1/28
null | 5.21% Cap Rate

4723-4727 W Beverly Blvd
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • The Vertical is a 23-unit, recently updated apartment building with a stabilized income and clear upside.
  • Nestled in the Larchmont neighborhood of Los Angeles, one of the city’s hottest neighborhoods, across from Paramount Studios.
  • A hands-free investment opportunity in a high-demand market with 82% of renter-occupied households in the 5-mile radius.
  • All major building systems, including plumbing, electrical, roofing, and exterior finishes, have been revamped, minimizing future capital expenditure.
  • Renters benefit from the 1:1 parking ratio, in-unit laundry, hardwood floors, and stainless-steel appliances.

OVERVIEW

Dover Management Corporation proudly presents The Vertical, centrally located at 4723, 4327, and 4729 Beverly Boulevard, Los Angeles, CA 90004, in the blossoming Larchmont/Mid-Wilshire corridor. Built in 1962 and extensively re-imagined in 2022, this 23-unit asset features top-tier finishes, in-unit washer/dryers, and enhanced curb appeal through a full exterior modernization. The Vertical delivers 23 covered spaces and fully upgraded capital systems for immediate cash flow at a 5.21% cap rate, with a clear path to 6.14% via interior rent optimization. This asset offers tenants urban convenience, well-appointed interiors, and strong retention potential. It is situated in a vibrant, highly walkable neighborhood among Larchmont Village, Koreatown, and major transit lines. The fully occupied unit mix consists of 20 one-bed/one-bath units and three studio units, aligning with 40% renter demand of one-bedroom units in the area. Residents of The Vertical are convenient to the Golden Shopping Plaza, the Beverly Hobart Plaza, the Griffith Observatory, MacArthur Park Lake, and other local points of interest. Larchmont sits between Melrose Avenue and Beverly Boulevard, a link between Western Avenue and Larchmont Boulevard. Bus routes and stoplights are along these major thoroughfares, and the Vermont/Beverly Station metro is within walking distance. The 3-mile radius has a population of 589,130 residents, an average household income of more than $83,000, and annual consumer spending of $6.7B. Year-to-date, the Los Angeles renter demand has been stronger than last year. As the second largest metro in the nation, Los Angeles' economy is vast and diverse, with concentrations in entertainment, tourism, international trade, fashion, and aerospace industries. Investors seeking a durable, hands-off, cash-flow property with embedded upside in a prime Los Angeles infill location will find The Vertical an optimal addition to their portfolio.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$702 USD /SF

# OF UNITS

23

PRICE/UNIT

$345,652

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vertical

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,005 SF

ZONING

LARD3

APN/PARCEL ID

5522-033-026

ASK ABOUT THIS PROPERTY

John AldenDover Management CorporationMore Info
424-704-2871

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John AldenDover Management CorporationMore Info
424-704-2871

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