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  • 2119 N Beachwood Dr, Los Angeles, CA 90068

2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
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2119 N Beachwood Dr, Los Angeles, CA 90068
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2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
2119 N Beachwood Dr, Los Angeles, CA 90068
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For Sale

Multi-Family

For Sale

This property is available for sale
0.29
Acres
$5,500,000
Sale Price
  • Year Built
    1956
  • Total Building Size
    13,392 RSF
  • Overview

    We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents.
    2119 N. Beachwood Drive offers the perfect blend between a stabilized asset and a value-add opportunity. The property has been extensively renovated inside and out yet offers over 33% remaining upside potential in rents. Exterior renovations to the property include the replacement of nearly all front and south-facing windows throughout the property. Architectural detail was added to the front of the building for enhanced curb appeal and the exterior of the property was painted completely. Drought-resistant landscaping was installed at the front of the property as well as in the courtyard.
    Six of the apartments were beautifully renovated in their entirety, demonstrating the demand for luxury units in the neighborhood. These units feature modern finishes including new vinyl plank flooring in the living areas and tile flooring in the kitchens and bathrooms. The kitchens feature quartz countertops, designer backsplashes, high-end stainless steel appliances, custom cabinetry and beautiful hardware. Additional custom cabinetry lines the hallways for abundant storage. In addition to the six completely renovated units, four of the apartments underwent complete bathroom renovations with the same high-end designer finishes used in the other renovated apartments.
    Amenities at 2119 N. Beachwood Drive include secured, subterranean parking for every unit, a tranquil courtyard, a laundry room, and a security camera system. Additionally, the property is separately metered for gas and electricity and per the seller, 90-95% of the plumbing has been upgraded to copper.

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Property Details

We are proud to offer for sale 2119 North Beachwood Drive, a rare opportunity to purchase a 17-unit multifamily investment located in the Hollywood Hills. Originally constructed in 1956, the property is a striking two-story structure over secured, subterranean parking. This offering presents a unique opportunity to acquire an asset that is in excellent condition and provides a huge amount of remaining upside potential in the rents.
2119 N. Beachwood Drive offers the perfect blend between a stabilized asset and a value-add opportunity. The property has been extensively renovated inside and out yet offers over 33% remaining upside potential in rents. Exterior renovations to the property include the replacement of nearly all front and south-facing windows throughout the property. Architectural detail was added to the front of the building for enhanced curb appeal and the exterior of the property was painted completely. Drought-resistant landscaping was installed at the front of the property as well as in the courtyard.
Six of the apartments were beautifully renovated in their entirety, demonstrating the demand for luxury units in the neighborhood. These units feature modern finishes including new vinyl plank flooring in the living areas and tile flooring in the kitchens and bathrooms. The kitchens feature quartz countertops, designer backsplashes, high-end stainless steel appliances, custom cabinetry and beautiful hardware. Additional custom cabinetry lines the hallways for abundant storage. In addition to the six completely renovated units, four of the apartments underwent complete bathroom renovations with the same high-end designer finishes used in the other renovated apartments.
Amenities at 2119 N. Beachwood Drive include secured, subterranean parking for every unit, a tranquil courtyard, a laundry room, and a security camera system. Additionally, the property is separately metered for gas and electricity and per the seller, 90-95% of the plumbing has been upgraded to copper.

  • Property Type
    Multi-Family
  • Submarket
    Hollywood/Sunset
  • Year Built
    1956
  • Sale Price
    $5,500,000
  • Total Building Size
    13,392RSF
  • Total Acres
    0.29
  • Cap Rate
    3.0%
  • Number of Floors
    2
  • Property ID
    1452757

Location

Location of 2119 N Beachwood Dr, Los Angeles, CA 90068
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