Building Details

Building Size 24,795 SF

Year Built 1927

Buildings 1

Stories 4

Listing Agency: Keller Williams Studio City

Listed By: Alex Galuz · License #01291486 Show Phone

Source: Highend-estates

Added: Jan 7, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:01PM

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Investment Insights

Based on property information with market context.

This four-story apartment property contains 65 units and a ground-floor space suited to retail, office, or live-work use. The residential units are large bachelor layouts with full bathrooms and kitchenettes; high ceilings and city views are among their features. The building encompasses 24,795 square feet and dates to 1927.

Renovation work includes a new roof, copper plumbing, replacement waste lines, electrical updates, refreshed windows, and improvements to the lobby, common areas, and individual units. The property is located at 2731 Beverly Blvd in Los Angeles.

Key Highlights

• 65 residential units plus a ground‑floor retail, office, or live‑work space
• Four‑story building totaling 24,795 square feet
• Built in 1927

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$502,099

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,041,980 $10.0M

Cap Rate 7%

$7,172,843 $7.2M

Cap Rate 9%

$5,578,878 $5.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,795 SF

Gross rent

$892.6K $36.00/SF

− Vacancy

−$89.3K −$3.60/SF

EGI

$803.4K $32.40/SF

− OpEx

−$301.3K −$12.15/SF

NOI

$502.1K $20.25/SF

Area

Los Angeles, CA

Vacancy

10.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,041,980

Cap Rate 7%

$7,172,843

Cap Rate 9%

$5,578,878

Alternative Uses

Best Use

Apartment 5plus

$438.36M

$383.56M – $511.42M (±1% cap)

NOI $30,685,153 @ 7.0% cap · market cap 344.97%

Second Best

Mixed Use

$7.17M

$6.28M – $8.37M (±1% cap)

NOI $502,099 @ 7.0% cap · market cap 5.64%

Theoretical Best

Multifamily LT 5

$502.33M

$439.54M – $586.05M (±1% cap)

NOI $35,163,227 @ 7.0% cap · market cap 395.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Near Hollywood Lovely ... Hotel & Motel

Suggested Use

Top Pick Clothing & Fashion Store (Bike/Boat/Book/etc) Store Garden Center Restaurant Catering Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

65

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3,323

Businesses Nearby

Explore this area Business Placement

Demographics for 90057, CA

45,510

Population

17,912

Households

2.5

Avg Household Size

35

Median Age

23%

College-Educated

58%

High-School Grad

0.9 sq mi

ZIP Area

50,567

Density / Sq Mi

$44,876

Median Household Income

$30,849

Median Earnings

$1,395

Median Rent

$694,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - A ground-level space is configured for retail, office, or live-work use.

Where is this apartment building located?

The property is located at 2731 Beverly Blvd Los Angeles, CA.

What is the asking price?

The asking price for this property is $8,895,000.

What are key features of this property?

This property features: 65 residential units plus a ground‑floor retail, office, or live‑work space; Four‑story building totaling 24,795 square feet; Built in 1927