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$ 1,685,000
Est. payment /mo
Price Dropped by $65K
4707 Beverly BLVD Los Angeles, CA 90004
12 Beds
10 Baths
6,681 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,681 sqft
Price per Sqft $252
MLS Listing ID 26665417
Bedrooms 12
HOA Y/N No
Year Built 1957
Lot Size 7,257 Sqft
Property Description
4707 Beverly Blvd. is a 9-unit Mid-City offering priced at $187,222 per unit and $252 per SF, operating at a 5.99% CAP and 9.43 GRM on current rents. With approx. 31% rental upside supported by renovated comps in the immediate area, the property presents a clear value-add opportunity at a basis that remains competitive within the Larchmont-adjacent market. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Koreatown, Paramount Studios, and the 6th Street corridor surrounding Chapman Market. This positioning places residents within one of the most active and concentrated pockets of dining, retail, and neighborhood amenities in Central Los Angeles, while maintaining access to multiple employment hubs that continue to support consistent rental demand. The building benefits from a straightforward unit mix and layout that supports a repeatable renovation strategy as units turn. Based on renovated rental comparables nearby, the property offers approx. 31% rental upside, with projected stabilization at an 9.15% CAP and 9.43 GRM. The gap between current and market rents provides a clear path to improved performance through typical interior upgrades. ***Major building systems have already been addressed. Recent capital improvements include a new roof, sewer line replacement, and horizontal plumbing upgrades, reducing near-term capital requirements and allowing a buyer to focus on interior improvements and rent growth.*** With a central Mid-City location, proximity to Larchmont Village and Koreatown, and a clear value-add profile supported by both unit economics and completed system upgrades, 4707 Beverly Blvd. offers a 9-unit asset where basis, location, and upside are aligned.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Covered, Garage, Tandem, Uncovered
View Y/N No
View None
Total Parking Spaces 9
Building
Faces South
Story 2
Entry Level Two
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5522033011
Special Listing Condition Standard
Listed by Max Berger Compass #02054048