4950 Beverly BlvdLos Angeles, CA 90004

This exceptional 8-unit apartment building, located at 4950 Beverly Boulevard in the highly desirable Larchmont area of Los Angeles, presents a compelling investment opportunity. The property boasts 5,964 square feet on a spacious 10,080 square foot lot, zoned LAR3. Each of the eight one-bedroom, one-bathroom units averages 745 square feet, offering generous living space. Two units have been recently upgraded with new flooring, kitchens, bathrooms, and in-unit washer/dryers. Upper units enjoy stunning views of the Hollywood sign. One unit will be delivered vacant, providing immediate income potential. The building features seven garage parking spaces, a secure gated entry with facial recognition, and separately metered gas and electricity with individual hot water heaters. A new roof was installed in 2023. The property's prime location offers easy access to Robert Burns Park, numerous trendy restaurants and shops on Larchmont Boulevard (including Great White, Osteria Mamma, Pour Vous, and Levain Bakery), and the vibrant Hollywood entertainment district. The building's charming 1930s architecture adds to its appeal. Significant rental upside and the potential for an accessory dwelling unit (ADU) further enhance this investment's value. Note that this Los Angeles property is subject to rent control. The asking price is $2,300,000, with a price per unit of $287,500. The property's APN is 5516-006-001. Built in 1939, this well-maintained property presents a rare opportunity in a coveted location.