2 months on rocket

1140 N Beachwood Dr, Los Angeles, CA, 90038

$2,175,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
10 Baths
5,343 SqFt
$407/SqFt
House
Schools Nearby

Location

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1140 N Beachwood Dr, Los Angeles$2,175,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCarport, Detached Carport
Year Built1956
HeatingWall Furnace
CoolingWall/Window Unit(s)
ViewCity Lights, Hills
MLS #24356367
Lot Size0.16 Acres
StatusActive

About 1140 N Beachwood Dr

Amazing 10 Unit Income Property Opportunity! 5.4% In-Place Cap in Prime Hollywood Location! 10 Units for $2,175,000! We are pleased to exclusively offer for sale 1140-42 N. Beachwood Drive, a 10 unit apartment building located in the heart of Hollywood's bustling studio district. Offered well below replacement cost at $217,500 per unit, 1140-42 N. Beachwood Drive offers a new owner a going in 5.4% cap and a 12.8 GRM upon remodeling and re-leasing of the unit that will be delivered vacant. Situated on a 6,752 SF lot zoned R3, the property features a detached parking structure that could potentially be converted to ADU units (Buyer to verify number of ADUs possible). Some units have bee upgraded with new floors and appliances, 30% income upside potential still remains even after the vacant unit is remodeled and re-leased at market rent. Amazing opportunity to acquire 10 apartment units in the middle of the action! 7.6% Proforma Cap! Don't miss this amazing oportunity to acquire 10 units in the heart of Hollywood's Studio District, surrounded by new jobs and high end for sale residential!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2
  • Living Area: 5,343 SqFt

Listing Office:

  • Office Name: Dana Brody
  • Office Phone: (818) 212-2757
  • Listing Agent: Dana Brody

Interior Features

Interior Information:

  • Appliances: Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City Lights, Hills

Parking Information:

  • Attached Garage: No
  • Parking: Carport, Detached Carport

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Hollywood Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Joseph Le Conte Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Hollywood Primary Center, Public District Grades KG-3
  • Vine Street Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: Santa Monica Boulevard, left onto Beachwood Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,175,000
  • Price Per SqFt: $407/SqFt

Tax Information:

  • Annual Amount: $8,621
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1140 N Beachwood Dr vs Los Angeles

83 DAYS ON ROCKET

+49 Days

$2,175,000

+$1.1M More

$407/SqFt

-$225 Less

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $225/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24356367

Listing Office:

  • Office Name: Dana Brody
  • Office Phone: (818) 212-2757
  • Listing Agent: Dana Brody

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 2:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,621$642,439
2020$8,386$634,071
2019$8,288$621,639
2018$8,083$609,451
2017$8,083$597,502

History based on county public records data.

Payment Calculator

$10.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,587

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4528000
5
/10

  • Hollywood Primary Center

  • 1115 Tamarind Ave

  • 0.11 miles

  • Public District Grades KG-3

school-card-donut-4528001
5
/10

  • Vine Street Elementary School

  • 955 Vine St

  • 0.39 miles

  • Public District Grades KG-6

school-card-donut-4528002
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.50 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-4528003
4
/10

  • Joseph Le Conte Middle School

  • 1316 N Bronson Ave

  • 0.31 miles

  • Public Magnet Grades 6-8

school-card-donut-4528004
4
/10

  • Studio

  • 2211 W Avenue 30

  • 4.91 miles

  • Public District Grades 6-8

High School

school-card-donut-4528005
5
/10

  • Hollywood Senior High School

  • 1521 N Highland Ave

  • 1.20 miles

  • Public Magnet Grades 9-12

school-card-donut-4528006
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.29 miles

  • Public Magnet Grades 9-12

school-card-donut-4528007
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.41 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,778. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1140 N Beachwood Dr

What is the listing price of this property?

The listing price of 1140 N Beachwood Dr property is $2,175,000.

What type of property is this?

The property 1140 N Beachwood Dr is a house located in Los Angeles, California, 90038.

Is this property for sale now?

Active Listing: 1140 N Beachwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1140 N Beachwood Dr are:
Hollywood Primary Center: GreatSchools Rating 5/10
Vine Street Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Joseph Le Conte Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Hollywood Senior High School: GreatSchools Rating 5/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,621 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1140 N Beachwood Dr has 2 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 1140 N Beachwood Dr is 5,343 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1140 N Beachwood Dr is 1956.

Rocket Homes›California›Los Angeles County›Los Angeles›90038›1140 N Beachwood Dr

This home is located at 1140 N Beachwood Dr in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 5,343 square foot home, which was built in 1956, sits on a 0.16 acre lot. Features: 2 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $2,175,000.

While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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