1140 Beachwood Dr Los Angeles, CA 90038-4600
Property profile & analytics
1140 Beachwood Dr Los Angeles, CA 90038-4600
- Apartment buildings
- 5,343 SF
- 0.16 lot acres
Property ID
US09-7284716
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1140 Beachwood Dr
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 5,343 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 5534-014-019
- APU
- 5534014019
Description
This exceptional 10-unit apartment building presents a compelling value-add investment opportunity in the heart of Hollywood's Studio District. Located at 1140 Beachwood Drive, Los Angeles, CA 90038, this two-story, 5,343 square foot building sits on a 6,752 square foot lot and boasts a current 5.8% cap rate with a pro-forma cap rate of 8.2%. The property, built in 1956, features a mix of studio, one-bedroom, and two-bedroom units, currently operating at 90% occupancy, generating a net operating income (NOI) of $118,571. With a pro-forma NOI of $167,916, significant upside potential exists. The asking price is $2,049,000, or $204,900 per unit, well below replacement cost. The property benefits from a 90 Walk Score, placing it within easy walking distance of numerous shops, restaurants, and entertainment venues, including Tesla's new diner and drive-in. Its proximity to major studios like Sunset Gower Studios, Netflix, and Sunset Bronson Studios, along with the upcoming Echelon Studios development, further enhances its investment appeal. Six parking spaces are available on the property. Utilities are separately metered. The property is zoned R3 and does not require seismic retrofitting. One unit is currently vacant, providing an immediate opportunity to increase rental income. New construction townhomes across the street are renting for $6,750 per unit, indicating strong market demand. This property offers a rare chance to acquire a well-positioned multifamily asset with substantial growth potential in a thriving Hollywood location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,530,000
- ML approach
- $1,495,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,862,000
Market price range: $711k - $1.86M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,370,000 Current use
- AUTO REPAIR, GARAGE
- $2,905,000 Change: +112% Conversion: Difficult
- OFFICE BUILDING
- $2,680,000 Change: +96% Conversion: Moderate
- MEDICAL BUILDING
- $2,435,000 Change: +78% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $2,265,000 Change: +65% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.321
- Latitude
- 34.092
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$25,788
$1,227,672
$828,918
$2,056,590
-
$0.00
$0.00
$0.00
