2166 Beachwood Terrace

Offering Highlights

  • Offer Price:

    $2,290,000

  • Price/SF:

    $618.42

  • Price/Unit:

    $572,500

  • Units:

    4

  • Cap Rate:

    4.44%

  • GRM:

    15.65

  • Status:

    Active

The Liberow Group is proud to exclusively represent for sale 2166 Beachwood Terrace, a charming 4-unit Spanish style apartment building located in the Hollywood Hills neighborhood. The property consists of 3,700 of rentable SF, on a 4,941 SF lot, and is conveniently positioned in a quiet cul de sac off of Beachwood Canyon Drive.

Built-in the 1930s, this property is tucked high above the hectic pace of city life, giving tenants the relaxed vibe of the neighborhood. The unit mix consists of four large two-bedroom/one-bathroom apartments, all of which provide two separate entry points into the apartment. Two of the vacant units are situated side by side, which can easily be converted into one large unit, leaving the opportunity for a potential buyer to combine these units into one. Each unit also includes a private balcony that overlooks the Hollywood Sign and the city of Los Angeles. On-site amenities include laundry within each unit and four parking spaces at the back of the property.

Beachwood Canyon is a historic neighborhood in the Hollywood Hills. First developed as “Hollywood land” in the 1920s, it is today known for its A-list celebrity residents that have been drawn to its unique energy throughout the years. At the base of the canyon, Franklin Village is a hipster haven with locales including the Bourgeois Pig Cafe, Birds Restaurant, and The Upright Citizens Brigade Theater. Near the top of the canyon, residents have enjoyed Beachwood Market & Café since 1933. Hiking trails connect to Griffith Park, which is one of the largest urban parks in North America and home to Griffith Observatory.

This asset is ideal for an investor or an owner/user who can either live at the property or rent it out for investment purposes.

Investment Highlights:

True Pride of Ownership – The property is located in a historic neighborhood in the Hollywood Hills, right off of Beachwood Canyon.

Authentic, Spanish Design – The property has not gone through any changes preserving its original, authentic beauty.

Vacancy – Two units to be delivered vacant at the close of escrow.

Seller Financing – Seller would consider Seller financing for a strong borrower.

Great Unit Mix – The unit mix consists of four large two-bedroom/one-bathroom apartments, all of which provide two separate entry points into the apartment. Each unit also includes a private balcony that overlooks the Hollywood Sign and the city of Los Angeles.

Owner/User – This asset is ideal for an investor or an owner/user who can either live at the property or rent it out for investment purposes.

On-Site Amenities – Each unit includes a private balcony and two separate entry points. Laundry is also available for tenants.

Exclusively listed by:

Sam Liberow
First Vice President Investments
Direct: 818-212-2795
Cell: 718-406-3128
SLIBEROW@MARCUSMILLICHAP.COM

CA: 01933858

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