Residential Income – 2270 N Beachwood Dr, Los Angeles, CA 90068, USA -001-11-30T00:00:00-08:00
Villa Monterey Apartments is a 21-unit multifamily community located in Hollywood, CA. Originally built in 1928, Villa Monterey represents an opportunity to acquire a mid-size multifamily asset in one of the most sought after submarkets in Los Angeles County
2270 N Beachwood Dr, Los Angeles, CA 90068, USA
$9,500,000 USD
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Address2270 North Beachwood Drive, Los Angeles
Price$9,500,000
Price Changed5% (-$500,000, 4 days ago)
Year Built1928
Bedrooms Total0
Living Area17,380 ft2
Lot Size (Sq.Ft.)21,780
Listing IDOC17212744
StatusActive
Parcel Number5586010006
ZoningLARD1.5
Special ConditionsStandard
Days on Market224

Detailed Description: Villa Monterey Apartments is a 21-unit multifamily community located in Hollywood, CA. Originally built in 1928, Villa Monterey represents an opportunity to acquire a mid-size multifamily asset in one of the most sought after submarkets in Los Angeles County. Situated on one 0.50 acre parcel, the property features 21 units including (1) studio measuring approximately 600 sq.ft, (17) one-bedroom / one-bathroom units averaging approximately 800 sq.ft, and (3) two-bedroom / one-bathroom units averaging approximately 1,060 sq.ft. The property also includes gated vehicle and pedestrian access, covered parking, a charming central courtyard with a stone fireplace and fish pond, and on-site laundry. The Property benefits from its premier Hollywood location, less than one-mile from the 101 Freeway, less than a 20 minute walk from the Hollywood / Vine Metro Red Line Station and within a 10-15 minute walk of Franklin Village.

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address2270 North Beachwood Drive, Los Angeles
Street PrefixNorth
Street SuffixDrive
CityLos Angeles
Location (MLS Area)C20 – Hollywood
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90068
Postal Code Plus42961
CountryUS
Financial Information
Price Changed-5%
Previous Price$10,000,000
Price per Square Foot$546.61
Price per Lot Square Foot$436.18
Special ConditionsStandard
Total Expenses$192,476
Professional Management Expense$21,766
Operating Expense$192,476
Insurance Expense$7,109
Gardner Expense$1,400
Electric Expense$9,711
Water Sewer Expense$6,179
Trash Expense$3,203
Maintenance Expense$10,500
Fuel Expense$6,310
Other Expense DescriptionOther
Other Expense$12,960
Gross Operating Income$544,160
Gross Income$560,035
Gross Scheduled Income$560,035
Net Operating Income$351,684
Total Actual Rent$44,096
Tax Year2000
Tax Lot46
New Taxes Expense$113,338
Full Descriptions
Parcel Number5586010006
Detailed DescriptionVilla Monterey Apartments is a 21-unit multifamily community located in Hollywood, CA. Originally built in 1928, Villa Monterey represents an opportunity to acquire a mid-size multifamily asset in one of the most sought after submarkets in Los Angeles County. Situated on one 0.50 acre parcel, the property features 21 units including (1) studio measuring approximately 600 sq.ft, (17) one-bedroom / one-bathroom units averaging approximately 800 sq.ft, and (3) two-bedroom / one-bathroom units averaging approximately 1,060 sq.ft. The property also includes gated vehicle and pedestrian access, covered parking, a charming central courtyard with a stone fireplace and fish pond, and on-site laundry. The Property benefits from its premier Hollywood location, less than one-mile from the 101 Freeway, less than a 20 minute walk from the Hollywood / Vine Metro Red Line Station and within a 10-15 minute walk of Franklin Village.
Lot FeaturesLandscaped
Community FeaturesSidewalks
Water SourcePublic
Laundry FeaturesCommunity
Pool FeaturesNone
Property parameters
Year Built1928
Living Area (Sq.Ft.)17,380 ft2
Lot Size (Sq.Ft.)21,780
Lot Size SourceAssessor
Number of Buildings2
Number of Units Leased21
Number of Units Total21
ZoningLARD1.5
Stories Total2
Parking Spaces21
LevelsTwo
Carport Spaces21
Water SourcePublic
Units Total21
Year Built SourceAssessor
Vacancy Allowance Rate3%
Number of Separate Electric Meters21
Number of Separate Gas Meters21
Listed withTyler Leeson (Marcus & Millichap RE Invest)