2270 N Beachwood Drive

    Los Angeles (City), CA 90068
    • $8,500,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: OC19218594
    $8,500,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,380
      SQFT
    • $489
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    Villa Monterey Apartments is a 21-unit rent controlled multifamily investment property located in Hollywood, one of the premier housing markets in Southern California. Situated on a 0.50-acre lot, the 17,380 square foot property consists of studio, one- and two-bedroom floor plans. Villa Monterey Apartments offers an attractive range of amenities including lush landscaping, a charming communal courtyard with a stone fireplace and fish pond, on-site laundry, and covered parking.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98913170

    2270 N Beachwood Drive Los Angeles (City), CA 90068

    • Price: $8,500,000
    • Status: Active
    • ID#: OC19218594
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    17,380
    SQFT
    $489
    $/SQFT
    1928
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Villa Monterey Apartments is a 21-unit rent controlled multifamily investment property located in Hollywood, one of the premier housing markets in Southern California. Situated on a 0.50-acre lot, the 17,380 square foot property consists of studio, one- and two-bedroom floor plans. Villa Monterey Apartments offers an attractive range of amenities including lush landscaping, a charming communal courtyard with a stone fireplace and fish pond, on-site laundry, and covered parking.
    Exterior Features

    Carport Spaces 8.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 13290.00 Elevation Units Feet Fuel Expense 4761.00 Gross Income 559842.00 Gross Operating Income 543879.00 Gross Scheduled Income 559842.00 Insurance Expense 7085.00 Land Lease YN No Laundry YN Yes Maintenance Expense 10500.00 Net Operating Income 352633.00 New Construction YN No New Taxes Expense 103986.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 21 Operating Expense 191245.00 Other Expense 6800.00 Other Expense Description Other Professional Management Expense 21755.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 44343.00 Total Expenses 191245.00 Trash Expense 4392.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 11116.00 Water Source Public Workmans Compensation Expense 7560.00 Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T00:33:43.89. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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