819 Beacon Ave - Apartments FOR SALE


Los Angeles, CA 90017- MacArthur Park
$2,150,000 USD
818-667-6683
819 Beacon Ave, Los Angeles, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/7
null | 6.14% Cap Rate

819 Beacon Ave
Los Angeles, CA 90017
MacArthur Park


HIGHLIGHTS

  • Built in 1906 | RSO Property
  • Value Add Opportunity
  • Over 25% Upside in Rents
  • Studios and 1 Bedroom Units
  • Two Vacant Units
  • Walkable to Metro Station

OVERVIEW

819 Beacon Ave is ideally positioned in Westlake, a vibrant and rapidly evolving neighborhood known for its dynamic cultural scene, historic charm, and proximity to major business and entertainment hubs. The area benefits from ongoing revitalization, attracting young professionals, families, and creative tenants seeking urban convenience. The property is just a five-minute walk from the Westlake/MacArthur Park Metro Station, which connects to the Red and Purple Lines, offering seamless access to Downtown Los Angeles, Hollywood, and Koreatown. Several bus stops along Wilshire Boulevard and Alvarado Street provide additional public transit options. Union Station, a major transportation hub, is only a short ride away. For travelers, Los Angeles International Airport (LAX) is just a 25-minute drive from the property, offering convenient access to domestic and international flights. Nearby, tenants can enjoy the tranquil beauty of MacArthur Park, as well as the vibrant dining, shopping, and nightlife scene in Koreatown and Downtown LA’s Financial District. The property also offers quick access to the 101, 110, and 10 Freeways, making it an ideal base for commuting across Los Angeles. With its unbeatable location, architectural character, and immediate leasing potential, 819 Beacon Ave stands out as a rare and promising investment in one of Los Angeles’ most exciting submarkets.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

15

PRICE/UNIT

$143,333

CAP RATE

6.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Units | Westlake | Built 1906

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3-1

APN/PARCEL ID

5142-015-015

ASK ABOUT THIS PROPERTY

Glen ScherMarcus & MillichapMore Info
818-667-6683

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Glen ScherMarcus & MillichapMore Info
818-667-6683

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