$1,750,000
4707 Beverly Blvd. is a 9-unit offering positioned between several of Mid-City's most active residential and retail corridors. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Paramount Studios, Koreatown, and the 6th Street corridor surrounding Chapman Market, placing residents within reach of one of the city's most concentrated clusters of restaurants, cafs, nightlife venues, and neighborhood retail. Offered at $1,750,000, the property is priced at $194,444 per unit, $262 per SF, and a 10.00 GRM on current rents. The pricing aligns favorably with several recent multifamily sales in the surrounding Larchmont and Hancock Park-adjacent neighborhoods, placing the offering competitively within the local market on both a per-unit and per-foot basis. At projected market rents, the property presents approximately 33% rental upside compared to current in-place rents. Upon stabilization, the asset is projected to operate at a 9.35% CAP and 7.35 GRM. Located between several of Mid-City's most active cultural and dining districts, 4707 Beverly Blvd. benefits from immediate proximity to Larchmont Village, Koreatown, and the expanding retail corridors surrounding Melrose Ave. Residents enjoy access to an extensive mix of restaurants, cafs, specialty grocers, nightlife venues, and neighborhood services, while Paramount Studios and other nearby employment centers continue to generate consistent housing demand throughout the area. With competitive entry pricing, approximately 33% rental upside, and proximity to Larchmont Village, Koreatown, and Paramount Studios, 4707 Beverly Blvd. presents investors with a well-located Mid-City asset supported by strong neighborhood fundamentals and a clear path toward improved long-term performance.
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Listed by Max Berger with Compass (310) 230-5478
Property Type
Residential Income
Status
Active
MLS Number
26665417
Year Built
1957
Lot Size
7,257 sq ft