7-Unit Apartment
New
For Sale
$1,700,000
1223 N Beachwood Dr, Los Angeles, CA 90038
Two-story residences offer gated parking, private outdoor areas, and a mix of one- and two-bedroom layouts.
Property Size5,580 SF
Lot Size0.15 Acres
Price / SF$304.66
Days on Market7
Property Features for 1223 N Beachwood Dr
General Information
Standard status
Active
Size
5,580 SF
Lot size
0.15 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR/1BA, 4 x 2BR/2BA
Multifamily Units
7
Amenities
secure gated parking
private yard and patio space
Building Details
Building Size
5,580 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
NorthMarq Realty Services, Inc.
Listed By:
Elliot Hassan · License #01481211
(213) 943-1800
Source:
Carolinakramer
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Realty Services, Inc.
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Investment Insights
Based on property information with market context.
This 1963 apartment property contains seven units across two stories, with approximately 5,580 square feet of building area on a 6,749-square-foot lot. The unit mix includes three one-bedroom, one-bath apartments and four two-bedroom, two-bath apartments; one of the two-bedroom units also has a den. Three apartments have renovated interiors, including updated kitchens and bathrooms, plank flooring, recessed lighting, and in-unit laundry. Building work includes a completed soft-story seismic retrofit, a replaced roof, upgraded electrical subpanels, fresh exterior paint, and a new automatic gate. Secure gated parking and shared yard and patio areas are also present.
The building is fully occupied, and in-place rents are approximately 19% below market. Utility reimbursement income contributes to operating revenue. The property is on a residential block north of Santa Monica Boulevard, with access to Sunset Boulevard, Hollywood Boulevard, the Hollywood/Vine Metro station, the Hollywood Freeway, and nearby production studios.
The building is fully occupied, and in-place rents are approximately 19% below market. Utility reimbursement income contributes to operating revenue. The property is on a residential block north of Santa Monica Boulevard, with access to Sunset Boulevard, Hollywood Boulevard, the Hollywood/Vine Metro station, the Hollywood Freeway, and nearby production studios.
Key Highlights
- Seven apartments: three one‑bedroom, one‑bath units and four two‑bedroom, two‑bath units; one includes a den
- Approximately 5,580 square feet of building area on a 6,749‑square‑foot lot
- Three units renovated; each includes in‑unit laundry
Property Analytics
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Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story residences offer gated parking, private outdoor areas, and a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 1223 N Beachwood Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Seven apartments: three one‑bedroom, one‑bath units and four two‑bedroom, two‑bath units; one includes a den; Approximately 5,580 square feet of building area on a 6,749‑square‑foot lot; Three units renovated; each includes in‑unit laundry
