1140 N Beachwood Drive, Los Angeles, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Champions
1140 N Beachwood Drive,Los Angeles, CA 90038
$2,195,000
- 2 Beds
- 10 Baths
- 5,343 sq. ft.
- Multi-family
- Active
Listed by: dana brody
Office: dana brody
MLS#:25597357
Source:CRMLS
Price summary
- Price:$2,195,000
- Price per sq. ft.:$410.82
About this home
7% Cap Upon Lease Up of 6 Vacant Units! We are very proud to exclusively present 1140 N. Beachwood Drive, a 10-unit multifamily property located in the heart of Hollywood's Studio District. Now priced at $2,195,000 this property offers an outstanding value-add opportunity in one of Los Angeles' most sought-after rental submarkets. Six of the ten units will be delivered vacant, allowing new ownership to immediately renovate and re-lease at top market rents upon close of escrow. Upon the immediate renovation and lease-up the 6 vacant units, the property is projected to achieve a 7.04% cap rate and 9.8 GRM, offering excellent cash flow and appreciation potential. Situated between Santa Monica Boulevard and Sunset Boulevard, 1140 N. Beachwood Drive benefits from its proximity to major employers such as Netflix, Sunset Gower Studios, and Sunset Bronson Studios, as well as a wave of surrounding new development. The property is located a very short distance from several popular dining and entertainment destinations.1140 N. Beachwood Drive is ideally positioned in a high-demand rental pocket with strong fundamentals and consistent tenant demand. The property's immediate surroundings feature numerous new developments, including luxury townhomes selling for nearly $1.5 million each and renting for $6,750 per unit, demonstrating the strength of the submarket. Just one block away, the transformative Echelon Studios project, a $450 million, 610,000-square-foot creative campus by Bardas Investment Group and Bain Capital Real Estate is set to redefine the area as a hub for entertainment and innovation. The development will bring hundreds of new jobs and further enhance property values in the neighborhood. Nearby dining and retail options include Dave's Hot Chicken, Jitlada Restaurant, Canter's Deli, Ovation Hollywood, West Hollywood Gateway, and Catalina's Supermarket, along with numerous cultural and entertainment landmarks such as The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Educational institutions in the area include Joseph Le Conte Middle School, STEM Academy of Hollywood, Bernstein High School, and Hollywood Elementary School. 1140 N. Beachwood is a prime Hollywood Studio District 10-unit property - 6 of 10 units delivered vacant - Ideal value-add opportunity with 7% cap and 9.8 GRM pro forma after renovation and lease-up of just the already vacant units. Separately metered for gas & electric, 6 parking spaces, no seismic retrofit required. Excellent walkable location near Netflix, Sunset Gower Studios, and the transformative Echelon Studios development. Priced well below replacement cost at $220K per unit - Rare chance to own in a high-demand rental pocket with major upside!
Contact an agent
Home facts
- Year built:1956
- Listing ID #:25597357
- Added:88 day(s) ago
- Updated:December 22, 2025 at 06:27 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:10
- Living area:5,343 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1956
- Building area:5,343 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$2,195,000
- Price per sq. ft.:$410.82
New listings near 1140 N Beachwood Drive
- New
$585,000Active3 beds 2 baths1,297 sq. ft.6561 Vanalden Ave #5, Reseda, CA 91335
MLS# SR25279186Listed by: RODEO REALTY - New
$280,000Active2 beds 2 baths855 sq. ft.18530 Hatteras Street #212, Tarzana, CA 91356
MLS# SR25279277Listed by: KELLER WILLIAMS REALTY-STUDIO CITY - New
$1,649,000Active4 beds 3 baths2,306 sq. ft.5106 Crenshaw Boulevard, Los Angeles, CA 90043
MLS# CRIN25279141Listed by: CASTILLO REALTY GROUP, INC. - New
$1,399,000Active4 beds 3 baths2,952 sq. ft.13615 Herrick Avenue, Sylmar (los Angeles), CA 91342
MLS# CRP1-25237Listed by: AM REALTY SERVICES - New
$1,200,000Active4 beds 3 baths2,371 sq. ft.12621 S Hoover, Los Angeles, CA 90044
MLS# CRSB25279147Listed by: PELLEGO, INC. - New
$4,990,000Active5 beds 6 baths5,454 sq. ft.4748 Noble Avenue, Sherman Oaks, CA 91403
MLS# SR25277569Listed by: THE AGENCY - New
$1,200,000Active2 beds 2 baths1,473 sq. ft.544 Grand Boulevard, Venice, CA 90291
MLS# 25630237Listed by: COLDWELL BANKER REALTY - New
$1,199,000Active3 beds 2 baths1,686 sq. ft.5744 Wilkinson Avenue, Valley Village, CA 91607
MLS# CL25629863Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES - New
$1,500,000Active-- beds -- baths2201 Avon, Los Angeles, CA 90026
MLS# CV25278949Listed by: OPTION ONE REALTY & INVESTMENT - New
$1,300,000Active-- beds -- baths1341 94th, Los Angeles, CA 90044
MLS# CV25278951Listed by: REALTY MASTERS & ASSOCIATES