2117 Beachwood Terrace, Los Angeles, CA 90068
  • MLS#: 26632845 ( )
  • Street Address: 2117 Beachwood Terrace
  • Viewed: 1
  • Price: $5,295,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2019
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90068
  • Provided by: Christie's International Real Estate SoCal
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This is the kind of Los Angeles asset that rarely changes hands. Built in 2020 and set into the hillside streets of Beachwood Canyon with direct adjacency to Hollywood Hills, this five unit, townhome style multifamily portfolio offers a clean combination of quality construction, durable location, and immediate operational upside.The property consists of five individually styled townhome residences, each configured as a true three bedroom, three bathroom layout with private entry and modern finishes. The homes live more like single family residences than traditional apartments, a characteristic that consistently supports stronger tenant demand, longer tenancy, and favorable long term liquidity.Operational fundamentals are straightforward and efficient. All units are separately metered with tenants paying their own utilities. Ten total parking spaces are provided with two assigned per residence, along with EV charging already installed. There is no HOA. Newer construction limits near term capital exposure and supports predictable operating performance.The upside is tangible and controllable. Two units are delivered vacant, allowing immediate lease up at market rents. One unit is month to month, creating near term rent reset potential. One unit is currently in the process of eviction, providing full rent repositioning opportunity post resolution. Vacancies have been intentionally maintained to preserve flexibility for the next owner.Market rent projections are based on square footage and achieved rents from comparable newer construction townhome product in the immediate submarket. Stabilized performance supports a long term hold strategy grounded in realistic underwriting rather than speculation.Beachwood Canyon remains one of the most supply constrained rental pockets in Los Angeles, driven by proximity to studios, creative employment centers, and lifestyle amenities, while seeing limited new multifamily development. Larger three bedroom units consistently perform well in this location.This offering will resonate most with a sophisticated small multifamily or 1031 exchange buyer prioritizing newer construction, capital preservation, and long term hold quality, with upside driven by lease up and rent stabilization.The property is offered as a single portfolio only. Seller has no interest in subdivision or condo conversion.An Offering Memorandum is available for download with additional financial and operating detail.Buyer to verify zoning, unit count, square footage, rent projections, and all information deemed material.Assets of this quality, scale, and location in 90068 are infrequently offered and typically held long term once stabilized.
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Refrigerator
  5. Gas Oven
  6. Gas Cooktop
  7. Built-In
Architectural Style
  1. Contemporary
Building Area Total
  1. 7514.00
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 2629.00
Fireplace Features
  1. None
Gardner Expense
  1. 2640.00
Heating
  1. Central
Insurance Expense
  1. 11027.00
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
  2. Three Or More
Lot Features
  1. Landscaped
Netoperatingincome
  1. 240988.00
Newtaxesexpense
  1. 53152.00
Parcel Number
  1. 5586011014
Parking Features
  1. Assigned
  2. Carport
Pool Features
  1. None
Postalcodeplus4
  1. 3405
Security Features
  1. Automatic Gate
  2. Fire Sprinkler System
  3. Gated Community
  4. Smoke Detector(s)
  5. Fire and Smoke Detection System
  6. Card/Code Access
Sewer
  1. Sewer Paid
Sourcesystemkey
  1. 26632845:CLAW
Spa Features
  1. None
Tenant Pays
  1. Electricity
Totalexpenses
  1. 76062.00
Trash Expense
  1. 675.00
View
  1. Canyon
  2. Hills
Window Features
  1. Double Pane Windows
  2. Blinds
Year Built
  1. 2019
Zoning
  1. LAR3