Beethoven Garden Apartments
Multifamily | 42 Units | $427,381/unit
Marketing description
Pride-of-ownership over three decades, Beethoven Garden Apartments represents a rare to find investment in the heart of Mar Vista, one of Los Angeles’ most desirable and evolving neighborhoods.
This well-maintained 42-unit community, built in 1989, is not subject to LA City rent control (only AB 1482, currently allowing up to 10% annual rent increases). Approximately 50% of units have already been upgraded, leaving significant room for additional improvements and operational optimization — creating tremendous upside potential for investors.
Centrally positioned in the thriving Mar Vista submarket, Beethoven Garden Apartments provides residents a vibrant lifestyle with trendy shops, restaurants, and entertainment nearby, while offering more affordability than adjacent markets like Venice, Santa Monica, and Marina del Rey.
With major tech and entertainment employers such as Google, YouTube, Hulu, Snap Inc., and Sony just minutes away in Silicon Beach, and convenient access to the 405, 10, and 90 freeways, this property is perfectly situated for strong long-term demand.
Investment highlights
Property Highlights
• Luxury Turnkey Asset: Pride-of-ownership over three decades
• Spacious Layouts: All large 2-Bedroom / 2-Bath units (approx. 1,000 SF each) with central air, fireplaces, private balconies.
• Tenant Appeal: Well-designed floor plans offering bedroom privacy; central courtyard with BBQ; elevator; and two on-site laundry facilities
• Building Features: Controlled access to building and garage, 85 subterranean parking spaces, separately metered gas/electric
• Upside Potential: 50% upgraded units with room for further renovations and management efficiencies
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