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2111 N Beachwood Dr

3 Unit Apartment Building $3,820,082 CAD ($1,273,361 CAD/Unit) 4.62% Cap Rate Los Angeles, CA 90068

Investment Highlights

  • Detached Cottage To Be Delivered Vacant
  • Located in Iconic Beachwood Canyon
  • Updated Kitchens & Bathrooms in Select Units
  • Rare Craftsman-Style Architecture
  • Modern Amenities While Retaining Historic Charm & Character
  • Large, Street-to-Street Lot

Executive Summary

Tucked away from the street in historic Beachwood Canyon, nestled below the iconic Hollywood sign, lies a 4-unit Craftsman-style compound consisting of a triplex and a detached bungalow. Situated on an expansive private lot, each generously sized unit retains old-world charm while offering the modern amenities of today’s living. A commanding front triplex offers alluring curb appeal, while the secluded vacant bungalow offers an investor the opportunity to achieve market rent immediately or a rare opportunity for an owner-user to maintain their own private space while the occupied units help offset a mortgage. Upgrades over the years include renovated kitchens and bathrooms, plus the addition of central HVAC. Tenants of the community enjoy shared and private outdoor spaces, garage parking and W/D hookups. This rare offering is located within close proximity to Franklin Village, offering an array of shops and dining for tenants and owner-users. Fully occupied, the property generates $180,000/year, offering an excellent investment opportunity in one of Los Angeles’ most prized locations.
Please do not walk on the property. Email the listing agent for a copy of the OM and any additional questions. jamesharm@compass.com

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $255,145 $46.43
Other Income - -
Vacancy Loss $7,654 $1.39
Effective Gross Income $247,490 $45.04
Taxes $45,818 $8.34
Operating Expenses $25,289 $4.60
Total Expenses $71,107 $12.94
Net Operating Income $176,383 $32.10

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $255,145
Annual Per SF $46.43
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $7,654
Annual Per SF $1.39
Effective Gross Income (CAD)
Annual $247,490
Annual Per SF $45.04
Taxes (CAD)
Annual $45,818
Annual Per SF $8.34
Operating Expenses (CAD)
Annual $25,289
Annual Per SF $4.60
Total Expenses (CAD)
Annual $71,107
Annual Per SF $12.94
Net Operating Income (CAD)
Annual $176,383
Annual Per SF $32.10

Property Facts

Price $3,820,082 CAD
Price Per Unit $1,273,361 CAD
Sale Type Investment
Cap Rate 4.62%
Gross Rent Multiplier 14.97
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.24 AC
Building Size 5,495 SF
Average Occupancy 75%
No. Stories 2
Year Built 1941
Parking Ratio 0.91/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Washer/Dryer Hookup
  • Hardwood Floors
  • Patio

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $4,252 CAD -
2+1 1 $4,961 CAD -
2+2 1 $6,379 CAD -
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5586-009-012
Land Assessment
$1,465,851 CAD (2024)
Improvements Assessment
$2,052,191 CAD (2024)
Total Assessment
$3,518,042 CAD (2024)
Annual Taxes
$45,818 CAD ($8.34 CAD/SF)
Tax Year
2023

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 33277036

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 2111 N Beachwood Dr, Los Angeles, CA 90068

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