Description
Marcus and Millichap is pleased to present 1314 S Beverly Glen Blvd, a 6-unit apartment building built in 1947 with a wood frame and stucco construction. The unit mix is six large two-bedroom one-bathroom units. One of the units is a two-storytownhouse style unit. The property is 6,129sf on an over sized 8,090sf parcel zoned LAR3 (Tier 2 TOC). Located just south of Devon Ave on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards makes this apartment building an excellent location adjacent to Century City, Beverly Hills and Bel Air/Holmby Hills. This location will demand some of the highest rents in all of Los Angeles. Due to some tenants paying below market rents, there is an estimated 25% rental upside through renovating below market units upon turnover. There is currently one vacant unit.
Location
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"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 25th March, 2023 8:37 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 25th March, 2023 8:37 PM (UTC)
Listing Agent: Benjamin Lewin
Listing Office: Marcus & Millichap
