4950 Beverly Blvd
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4950 Beverly Blvd
8 Unit Apartment Building $3,230,764 CAD ($403,846 CAD/Unit) 5.27% Cap Rate Los Angeles, CA 90004
Investment Highlights
- Amazing location on Beverly Blvd. & Norton Ave., in the Larchmont neighborhood
- Seven (7) garage parking spaces! Secure building with facial recognition gated entry
- One unit will be delivered VACANT! ADU Potential! Tremendous Rental Upside!
- Over 10,000 square foot LAR3 corner lot! Charming 1930's Architecture! New Roof in 2023!
- Eight (8) spacious 1+1 units each averaging 745 square feet! Separately metered for gas & electricity with separate H20 heaters!
- Separately metered for gas & electricity with separate H20 heaters!
Executive Summary
Well-maintained & charming 5,964 square foot building situated on a large 10,080 square foot LAR3 zoned lot. The property is made up of eight (8) very spacious one (1) bedroom & one (1) bathroom units, each averaging 745 square feet. Two units have been upgraded with newer flooring, kitchens, bathrooms and washer and dryers in unit. Upper units have views of the Hollywood sign. One unit will be delivered VACANT! There is ADU potential and tremendous rental upside. The property is separately metered for gas & electricity with separate hot water heaters. The property had a new roof installed in 2023! There are seven (7) garage parking spaces! Very secure gated building with facial recognition entry for all tenants. Extremely well located in the highly-coveted Larchmont area on Beverly Blvd. between Wilton Pl. & Larchmont Blvd. The property is just steps away from Robert Burns Park & the trendy restaurants and shops district located on Larchmont Blvd. Local restaurants include Great White, Osteria Mamma, Pour Vous, Levain Bakery, and more! Moreover, this central location provides easy access to all of the employment, dining, and entertainment opportunities that Hollywood has to offer! The subject property is located in the City of Los Angeles and is subject to LA Rent Control.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,230,764 CAD | Apartment Style | Low Rise |
| Price Per Unit | $403,846 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.27% | Building Size | 5,964 SF |
| Gross Rent Multiplier | 12.94 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Price | $3,230,764 CAD |
| Price Per Unit | $403,846 CAD |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Gross Rent Multiplier | 12.94 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 5,964 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 1.17/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 of 1
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 5516-006-001 | Total Assessment | $2,096,504 CAD (2024) |
| Land Assessment | $1,715,334 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $381,170 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5516-006-001
Land Assessment
$1,715,334 CAD (2024)
Improvements Assessment
$381,170 CAD (2024)
Total Assessment
$2,096,504 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R3, Los Angeles |
| R3, Los Angeles |
-
Nicole Apostolos -
Equity Union Real Estate
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4950 Beverly Blvd
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