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27300863
27300869

2649 Beachwood Dr, Los Angeles, CA 90068

LH
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate
$1,975,000
249 days on market
Updated 86 days ago

2649 N Beachwood Dr

Details
APN 5585-005-016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,914
Units 6
Cap Rate 5.05%
NOI $99,752
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $158,197
Price per SqFt $334
Broker Co-Op Yes
Year Built 1957
Lot Size (SqFt) 5,628

Right Below the Hollywood Sign!

Marketing description

Property Overview:

2649 N Beachwood is a 6-unit apartment building consisting of (4) two-bedroom, one-bath and (2) one-bedroom, one-bath units. Spacious layouts with plenty of natural light. Some of the recent improvements include resurfaced landings, cement walkways in the back of the property, new patio for the back bottom unit, and new exterior fence and secured entry gates.

Location Highlights:

2649 N Beachwood Dr sits in the heart of Beachwood Canyon, a historic Hollywood Hills enclave known for its 1920s “Hollywoodland” character, winding roads, and scenic views of the Hollywood Sign. Within a half-mile you’ll find local favorites like Beachwood Market, a neighborhood grocery, and Beachwood Café, a stylish spot for casual dining. The area is also rich in outdoor recreation, with access to the Hollywoodland and Beachwood Canyon staircases, scenic walking loops, and trail connections toward Mount Lee. Offering a mix of charm, history, and hillside tranquility, the neighborhood blends convenience with a secluded, village-like atmosphere. Tenants will certainly enjoy the Hollywood Hills as their backyard playground.

Investment highlights

  • Exceptional location with established and expanding rental demand. The combination of lifestyle perks, premium local amenities, steady price growth, and scarce availability makes this a rare investment opportunity.

  • Rental upside is significant here as there still remain some lower paying tenants.

  • Property sits on a corner lot on Glen Oak St and Beachwood Dr (Great Exposure).

  • Great unit mix with spacious floorplans. Fantastic walkability.

  • One current vacant 1+1

Listing Contacts

LH
CA CA DRE#:01962142
Ally Commercial Real Estate
RR
CA CA 01964882
Ally Commercial Real Estate
Listed by Ally Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,752.00
$8,312.67/mo

Valuation Metrics

0
DSCR
5.05%
Cap Rate
5.05%
ROI

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Additional Information

Name
Luc Hawkshaw
License
CA DRE#:01962142
Brokerage Phone
424-317-0308
Brokerage Address
3301 Barham Boulevard
Name
Rick Ramirez
License
CA 01964882
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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