8612 Beverlywood St - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$1,150,000 USD
818-517-0845
8612 Beverlywood St, Los Angeles, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/39
null | 2.42% Cap Rate

8612 Beverlywood St
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Culver City Adjacent Location
  • 30-Year Residential Fixed-Rate Financing Available
  • LAR3 Zoned 7,246 SF Lot
  • Four Single-Story 1-Bedroom / 1-Bathroom Units
  • Private Laundry in Each Unit
  • Potential ADU Opportunity

OVERVIEW

Realty Investment Advisors is pleased to present 8612 Beverlywood Street, a rare value-add four-plex ideally located in a highly desirable Culver City adjacent location. As a four-unit property, 30-year residential fixed-rate financing is available, creating an attractive opportunity for an investor to potentially occupy one unit while renting the remaining three units and building long-term equity. The property consists of four single-story one-bedroom/one-bathroom units totaling approximately 2,494 square feet on a large approximately 7,246 square foot lot. Each unit features its own private laundry, a highly desirable amenity for tenants. With current rents averaging approximately $1,172 per unit compared to projected market rents of approximately $2,150, the property offers substantial rental upside and the opportunity to significantly increase income over time. In addition to the upside in the existing rents, the property’s LAR3 zoning and large approximately 50' x 145' lot provide multiple potential avenues for future development and additional value creation. The site may offer opportunities for redevelopment, additional units and/or ADUs, providing investors and developers with flexibility to evaluate both the existing improvements and the underlying land value. Buyers are encouraged to independently investigate all zoning, density, ADU and development possibilities with the City of Los Angeles. 8612 Beverlywood is strategically located just east of Culver City with convenient access to Downtown Culver City, the Helms Bakery District, Culver City Arts District and the Metro E Line. The property is centrally positioned with convenient access to Beverly Hills, Century City, West Adams and major employment, dining and entertainment destinations throughout the greater Westside. With substantial rental upside, 30-year residential financing availability, owner/user potential, private laundry in each unit, a generous LAR3-zoned lot and multiple avenues to create additional value, 8612 Beverlywood Street represents a compelling opportunity for both multifamily investors and owner/users.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

2.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,244 SF

ZONING

[Q]R3-1

APN/PARCEL ID

5065-010-004

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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