Los Angeles, 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
$10,000,000 USD
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Address2270 North Beachwood Drive, Los Angeles
Price$10,000,000
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 Market38

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.

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
Postal Code Plus42961
CountryUS
Financial Information
Price per Square Foot$575.37
Price per Lot Square Foot$459.14
Special ConditionsStandard
Total Expenses$203,392
Professional Management Expense$20,338
Operating Expense$203,392
Insurance Expense$7,198
Electric Expense$14,327
Water Sewer Expense$8,614
Trash Expense$1,812
Maintenance Expense$10,500
Other Expense DescriptionOther
Other Expense$12,960
Gross Operating Income$508,438
Gross Income$523,378
Gross Scheduled Income$523,378
Net Operating Income$305,046
Total Actual Rent$41,500
Tax Year2017
Tax Lot46
New Taxes Expense$119,185
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.
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 (Acres)0.5
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)