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$1,150,000

FOR SALE
Active

8612 Beverlywood Street

Los Angeles, CA

MLS# 26989889

2,494 Sq Ft4bd • 4ba
50 days on marketNalren refreshed

Listing Agent

Benjamin J. Hsiang

Listing Agent

Realty Investment Advisors, Inc.

DRE #: 01438644

(424) 377-6001

Brokerage: Realty Investment Advisors, Inc.

Don Favia

Co-Listing Agent

Realty Investment Advisors, Inc.

DRE #: 01841258

Brokerage: Realty Investment Advisors, Inc.

Property Details

4

Bedrooms

4

Bathrooms

2,494 sqft

Square Feet

1941

Year Built

7,246 sqft

Lot Size

$461

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

N/A

Property Type

Description

We are pleased to present 8612 Beverlywood Street, a rare value-add four-plex ideally located in a highly desirable Culver City adjacent location. As a four-unit property, 30-year residential fixed-rate financing is available, creating an attractive opportunity for an investor to potentially occupy one unit while renting the remaining three units and building long-term equity. The property consists of four single-story one-bedroom/one-bathroom units totaling approximately 2,494 square feet on a large approximately 7,246 square foot lot. Each unit features its own private laundry, a highly desirable amenity for tenants. With current rents averaging approximately $1,172 per unit compared to projected market rents of approximately $2,150, the property offers substantial rental upside and the opportunity to significantly increase income over time. In addition to the upside in the existing rents, the property's LAR3 zoning and large approximately 50' x 145' lot provide multiple potential avenues for future development and additional value creation. The site may offer opportunities for redevelopment, additional units and/or ADUs, providing investors and developers with flexibility to evaluate both the existing improvements and the underlying land value. Buyers are encouraged to independently investigate all zoning, density, ADU and development possibilities with the City of Los Angeles. 8612 Beverlywood is strategically located just east of Culver City with convenient access to Downtown Culver City, the Helms Bakery District, Culver City Arts District and the Metro E Line. The property is centrally positioned with convenient access to Beverly Hills, Century City, West Adams and major employment, dining and entertainment destinations throughout the greater Westside. With substantial rental upside, 30-year residential financing availability, owner/user potential, private laundry in each unit, a generous LAR3-zoned lot and multiple avenues to create additional value, 8612 Beverlywood Street represents a compelling opportunity for both multifamily investors and owner/users. DO NOT DISTURB THE TENANTS.

Facts & Features

Building

Year Built
1941
Living Area
2,494 sqft
Building Area Total
2,494
Levels
One
Stories Total
1

Utilities

Heating
Wall Furnace
Cooling
Wall Window Units
Sewer
Other

Parking

Parking Features
Assigned, Detached Carport
Parking Total
5

Community / HOA

HOA
No

Sale history for 8612 Beverlywood Street → (2 recorded sales)

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