Pending
2447 N Beachwood Dr
Los Angeles CA, 90068
$5,750,000
$284.34 per sqft
Pending
25 Beds
25 Baths
20,222 sqft
Residential
Built in 1968
7 of 14 UNITS VACANT! We are pleased to present the opportunity to acquire a highly unique 14-unit apartment building in the renown and sought-after Beachwood Canyon neighborhood of Hollywood, CA. 2449 N Beachwood Dr was built in 1968 with many classic mid-century elements including wet bars, fireplaces, 2-story layouts and jack-and-jill bathrooms. The building sits under the shadow of the world-famous Hollywood sign and is only a short walk from neighborhood staples like the Beachwood Cafe and Beachwood Market. 11 of the 14 units are 2-story townhouse style featuring 2 bedrooms and 1-1/2 bathrooms with an average size of 1400 square feet. There is on-site laundry, parking for 18 vehicles and the building has controlled access. The roof was recently replaced with permits and the soft story retrofit has been completed with a certificate of compliance issued by the city. A total of 7 currently vacant units makes this a particularly compelling opportunity as it allows a buyer to immediately renovate and lease up half of the building's units at market rents. Recently renovated 2-bedroom units in 1960s construction buildings further south on Beachwood are renting for $4200. Those are smaller, single-level units. The tremendous rental upside potential of Beachwood Canyon is due in large part to the area's popularity and reputation among out-of-state transplants willing to pay sizable rents for well-appointed units on the venerable street. 2449 N Beachwood offers an astute investor the immediate opportunity to create a high-luxury, midcentury gem in one of the most desirable submarkets in the city.
24-364579
MLSⓇ ID
March 4, 2024
Listed
May 9, 2024
Updated
Map
2447 N Beachwood Dr
Los Angeles CA, 90068
Interior Features
Total Stories
3
Bedrooms
25
Total Bathrooms
25
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
0.28 Acres
Other Property Details
Area Name
Hollywood Hills East
Days on Market
17
Garage
No
Parking
Carport
Parking Total
18
View
No
County
Los Angeles
Pool
No
Zoning
LARD2
Listing History
Date | Event | Price |
---|---|---|
4/19/2024 | Pending | — |
3/23/2024 | Under Contract | — |
Listed by Robert Renshaw with REMAX COMMERCIAL & INVESTMENT REALTY
Listing Contact: 424-293-4770
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 5/9/2024