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1249 N Beachwood Drive

Los Angeles (City), CA 90038
  • $1,795,000
  • STATUS: Active Under Contract
  • ON SITE: 111 Days
  • MLS #: 21789132
Under Contract
$1,795,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800)


Description

This gated property is situated on a quiet block of Beachwood Drive, one block from Sunset Gower Studios, where a major redevelopment is expected to add a brand new 15-story office tower and studio space as part of approximately 620,000 square feet of new construction. The spacious one-bedroom units have been completely remodeled, and investors may continue to capitalize on the same classic style that has been implemented in these units. Built in 1923, this property features not only beautifully upgraded interiors, but multiple amenities as well. These include secure off-street parking, in-unit washer/dryers, and central air/heat. The spacious one-bedroom floorplans average approximately 865 square feet, and the studio is a comfortable 400 square feet. The exterior of the property is incredibly clean, with fresh paint, a new fence, new gates with updated intercom/keypad, and manicured hedging. The property is situated within one of the most vibrant sections of Hollywood, which is seeing an immense influx of new development and capital. Recently completed Netflix office towers, ICON and EPIC, are within blocks of the building, as is the brand new On Vine campus, which features more Netflix office space in the mixed-use project. Located less than a mile from famous restaurants such as TAO and Beauty & Essex, as well as renowned venues like the Fonda Theatre, this property appeals to those wanting to live the Hollywood lifestyle.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/121902351
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1249 N Beachwood Drive Los Angeles (City), CA 90038

  • Price: $1,795,000
  • Status: Active Under Contract
  • On Site: 111 Days
  • MLS #: 21789132
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1923
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
This gated property is situated on a quiet block of Beachwood Drive, one block from Sunset Gower Studios, where a major redevelopment is expected to add a brand new 15-story office tower and studio space as part of approximately 620,000 square feet of new construction. The spacious one-bedroom units have been completely remodeled, and investors may continue to capitalize on the same classic style that has been implemented in these units. Built in 1923, this property features not only beautifully upgraded interiors, but multiple amenities as well. These include secure off-street parking, in-unit washer/dryers, and central air/heat. The spacious one-bedroom floorplans average approximately 865 square feet, and the studio is a comfortable 400 square feet. The exterior of the property is incredibly clean, with fresh paint, a new fence, new gates with updated intercom/keypad, and manicured hedging. The property is situated within one of the most vibrant sections of Hollywood, which is seeing an immense influx of new development and capital. Recently completed Netflix office towers, ICON and EPIC, are within blocks of the building, as is the brand new On Vine campus, which features more Netflix office space in the mixed-use project. Located less than a mile from famous restaurants such as TAO and Beauty & Essex, as well as renowned venues like the Fonda Theatre, this property appeals to those wanting to live the Hollywood lifestyle.
Exterior Features

Carport YN Yes Parking Features AssignedDetached Carport Parking Total 5

Property Features

Association Fee 0 Gross Income 114000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 71763 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Roderick 'Rick' Raymundo of Marcus & Millichap (213-943-1800)