Mixed-Use Building with Retail
2731 Beverly Blvd, Los Angeles, CA 90057
For Sale
$8,895,000
The property combines 65 residential units with a substantial ground-floor commercial space.
Property Size24,795 SF
Price / SF$358.74
Days on Market677
Property Features for 2731 Beverly Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Keller Williams Studio City
Listed By:
Alex Galuz · License CA #01291486
(310) 466-0888
Source:
Coastline840
Added: Jan 7, 2025
Changed: Nov 13
Last Checked: Nov 13 at 7:47AM
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 Keller Williams Studio City
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Investment Insights
Based on property information with market context.
Built in 1927, this four-story mixed-use property contains 24,795 square feet and 65 residential units. The apartments are bachelor-style layouts with full bathrooms and kitchenettes; interior features include high ceilings and city views. A large ground-floor space is configured for retail, office, or live-work use.
Renovation work includes a new roof, copper plumbing, replacement waste lines, electrical updates, and updated windows. The lobby and common areas have also been restored, and the units have been renovated.
Renovation work includes a new roof, copper plumbing, replacement waste lines, electrical updates, and updated windows. The lobby and common areas have also been restored, and the units have been renovated.
Key Highlights
- 65 residential units in a four‑story building
- 24,795 square feet; built in 1927
- Large ground‑floor space suitable for retail, office, or live‑work use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$575,422
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,508,440
$11.5M
Cap Rate 7%
$8,220,314
$8.2M
Cap Rate 9%
$6,393,578
$6.4M
Market Conditions
NOI Build-Up for 24,795 SF
Gross rent
$916.4K $36.96/SF
− Vacancy
−$94.4K −$3.81/SF
EGI
$822.0K $33.15/SF
− OpEx
−$246.6K −$9.95/SF
NOI
$575.4K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,508,440
Cap Rate 7%
$8,220,314
Cap Rate 9%
$6,393,578
Alternative Uses
Best Use
Retail
$8.22M
$7.19M – $9.59M
NOI $575,422 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$7.17M
$6.28M – $8.37M
NOI $502,099 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$10.35M
$9.06M – $12.08M
NOI $724,655 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
65
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,323
Businesses Nearby
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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
$694,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines 65 residential units with a substantial ground-floor commercial space.
Where is this mixed-use property 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 in a four‑story building; 24,795 square feet; built in 1927; Large ground‑floor space suitable for retail, office, or live‑work use
