2111 N Beachwood Dr
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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
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 | Apartment Style | Low Rise |
Price Per Unit | $1,273,361 CAD | Building Class | B |
Sale Type | Investment | Lot Size | 0.24 AC |
Cap Rate | 4.62% | Building Size | 5,495 SF |
Gross Rent Multiplier | 14.97 | Average Occupancy | 75% |
No. Units | 3 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1941 |
Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
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 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
Parcel Number | 5586-009-012 | Total Assessment | $3,518,042 CAD (2024) |
Land Assessment | $1,465,851 CAD (2024) | Annual Taxes | $45,818 CAD ($8.34 CAD/SF) |
Improvements Assessment | $2,052,191 CAD (2024) | Tax Year | 2023 |
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 |
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2111 N Beachwood Dr
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