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$ 3,250,000
Est. payment | /mo
7 Beds
6 Baths
6,789 SqFt
$ 3,250,000
Est. payment | /mo
7 Beds
6 Baths
6,789 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,789 sqft
Price per Sqft $478
MLS Listing ID 25606151
Bedrooms 7
HOA Y/N No
Year Built 1952
Lot Size 7,122 Sqft
Property Description
We are pleased to present a multifamily investment opportunity in an A+ trophy location on a corner lot at 1301 S Beverly Glen Blvd in Westwood located between Santa Monica Blvd and Wilshire Blvd and less than a mile from Century City and the Wilshire Corridor. The property features five spacious units, three 1+1.5's and two 2+2's with 12 parking spaces, including three double garages; three units have been extensively renovated with in-unit washers and dryers, recessed lighting, new double-pane windows, base moldings, hardwood floors, stainless-steel appliances, custom dark wood cabinetry, double sink vanities, tile showers with separate tubs, central heat and air, and new electrical and plumbing. All units have private outdoor space; three of five units have large patios facing S Beverly Glen with unbeatable views of Century City. One of the renovated one-bedrooms (850 SF) will be delivered vacant at the close of escrow; ideal for an owner user or opportunity to rent at market immediately. This offering represents an exceptional opportunity to acquire a well-maintained property with no deferred maintenance and strong existing cash flow with an additional 33% rental upside achievable as the proven renovation plan is continued. Ideal location for residents to commute to nearby employment hubs and commutes to Downtown Westwood, Century City, Beverly Hills, West Hollywood, and the Westside. Located in an affluent neighborhood with a significant affordability gap between renting and home ownership; within a two-mile radius of 1301S Beverly Glen Blvd, the median home value is over $1.1 million, and the average household income is over $132,000. Located just minutes from one of Los Angeles' premier shopping and lifestyle destinations, Westfield Century City, featuring luxury retailers, top-tier dining, and entertainment options.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 12
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4327003025
Special Listing Condition Standard
Listed by Neema Ahadian Marcus & Millichap