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1238 S Beverly Glen Blvd

Los Angeles CA 90024

7834 sq. ft.
7431 sq. ft.
Other
Currently for sale - view listing

Overview

We are pleased to present 1238 S Beverly Blvd, a 18-unit apartment building located in Westwood, a neighborhood in Los Angeles, California. Built in 1946,the property consists o three (3) bachelor units, seven (7) bachelor + kitchenette units, and eight (8)studio units. The building is 7,834 gross square feet and sits on a 7,429 square foot lot. 1238 S Beverly Glen Blvd is located on a charming, residential street in Westwood, California. Residents will benefit from the abundance of restaurants, shopping, and entertainment options nearby. The property is within walking distance to the Century City Mall and only a 5 minute drive to Westwood Town Center. Strategically positioned in West LA, Westwood offers convenient access to major highways including the I-405 and the I-10. Its central location makes it an attractive choice for those needing to traverse to different parts of Los Angeles.1238 S Beverly Glen Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers an initial CAP rate of 5.12% with the ability to improve to a 6.42% CAP rate once units turnover.

Features

7834 sq. ft. floor area
7431 sq. ft. lot size
Other

Property history for 1238 S Beverly Glen Blvd

2024
Rented
Undisclosed
23 Jul 2024 by Keller Williams - Downtown LA
2004
Sold
$1,892,033
20 Oct 2004

Happy sellers in Los Angeles

84%
84% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for other properties in Los Angeles

In the last 12 months, 12 other properties similar to 1238 S Beverly Glen Blvd, have been sold.

This represents a 20% decrease in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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