1223 N Beachwood Drive, Los Angeles, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1223 N Beachwood Drive,Los Angeles, CA 90038
$1,700,000
- 11 Beds
- 11 Baths
- 5,580 sq. ft.
- Multi-family
- Active
Listed by: elliot hassan
Office: northmarq realty services, inc.949-717-5200
MLS#:26102292
Source:CRMLS
Price summary
- Price:$1,700,000
- Price per sq. ft.:$304.66
About this home
1223 N. Beachwood Drive is a seven-unit apartment building in the heart of Hollywood, offered as a 100% fee simple interest on a free and clear basis. Built in 1963, the two-story building sits on a 6,749-square-foot lot with approximately 5,580 square feet of gross building area and secure gated parking, a valued amenity in a neighborhood where street parking is scarce. It offers three one-bedroom, one-bath units and four two-bedroom, two-bath units, one of which includes a den, a mix that appeals to young professionals, couples, roommates and residents who work from home. Current ownership has made substantial investments that remove many of the big-ticket items buyers of older Los Angeles buildings typically face: the mandatory soft-story seismic retrofit is complete, the roof has been replaced, electrical subpanels have been upgraded, the exterior has been freshly painted and a new automatic gate has been installed. A sleek horizontal-slat perimeter fence and modern gray exterior give the property strong curb appeal and a sense of privacy, while a private yard and patio space add rare outdoor living for residents. Three of the seven units have been fully renovated with white and natural wood-tone cabinetry, stone-look countertops, stainless steel appliances including gas ranges and dishwashers, light wood-look plank flooring, recessed lighting, mirrored closet doors, modern bathrooms with marble-look tile and stacked in-unit washers and dryers. These finishes compete with newer buildings, and several units already lease at or above market rents. The remaining four units give a new owner a clear, low-risk path to continue the same renovation program as they turn over, using a finish standard that has already been tested on site. The building is 100% occupied, providing stable income from day one, with in-place rents approximately 19% below market. That gap is concentrated in a few long-term tenancies, so each turnover is an opportunity to add meaningful income and value. Utility reimbursement income helps offset operating costs, and with the major capital work already done, a new owner can direct capital toward revenue-generating interior upgrades rather than deferred maintenance. Located just north of Santa Monica Boulevard on a residential block, the property puts residents minutes from Sunset Boulevard, Hollywood Boulevard, major production studios, the Hollywood/Vine Metro station and the Hollywood Freeway, giving easy access to employment centers throughout Los Angeles. Hollywood, renowned as the entertainment capital of the world, is one of the city's most recognized and amenity-rich rental markets. Residents enjoy historic theaters, live music venues, a celebrated outdoor amphitheater, award-winning restaurants, classic diners and buzzing nightlife, along with walkable shopping and iconic landmarks that draw millions of visitors each year. The Hollywood Hills and their hiking trails are a short drive north. Steady demand from professionals in entertainment, media, music and hospitality supports strong occupancy and rent growth for well-located, updated apartments. For investors, 1223 N. Beachwood Drive combines a seismically retrofitted, well-maintained building with stable in-place income, meaningful embedded upside and a manageable scale. The property is ideal for 1031 exchange buyers seeking a hands-off asset, value-add operators looking for a proven business plan and long-term investors who want to own in one of Southern California's most enduring rental markets. It is available individually or as part of a 23-unit, three-building portfolio with an additional Hollywood property and an eight-unit asset in West Hollywood, offering the chance to build immediate scale across two premier submarkets. Buyers should verify rent control status, unit sizes and building systems during due diligence. Tours by appointment only; please do not contact residents or on-site management....
Contact an agent
Home facts
- Year built:1963
- Listing ID #:26102292
- Added:6 day(s) ago
- Updated:October 22, 2026 at 02:41 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:11
- Living area:5,580 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1963
- Building area:5,580 sq. ft.
- Lot area:0.16 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$304.66
Parking
- Parking description:Gated
New listings near 1223 N Beachwood Drive
- Coming Soon
$1,099,000Coming Soon4 beds 3 baths1,600 sq. ft.6711 Dannyboyar, West Hills, CA 91307
MLS# SR26227771Listed by: WGRES INC. - Coming Soon
$310,000Coming Soon1 beds 1 baths605 sq. ft.18645 Hatteras, Tarzana, CA 91356
MLS# 226005004Listed by: GE REALTY - Coming Soon
$2,995,000Coming Soon6 beds 7 baths4,616 sq. ft.8812 Yates, Sunland, CA 91040
MLS# GD26227173Listed by: TEAM ROCK PROPERTIES - Coming Soon
$974,888Coming Soon4 beds 2 baths1,905 sq. ft.14857 Tuba, San Fernando, CA 91345
MLS# GD26228322Listed by: SO-CAL REALTY - Coming Soon
$3,295,000Coming Soon5 beds 6 baths5,067 sq. ft.20218 W Liverpool Way, Porter Ranch, CA 91326
MLS# 26102718Listed by: COMPASS - Coming Soon
$1,149,000Coming Soon3 beds 2 baths1,492 sq. ft.10252 Haines Canyon, Tujunga, CA 91042
MLS# BB26227808Listed by: EMPOWER REAL ESTATE - Coming Soon
$848,888Coming Soon3 beds 2 baths1,531 sq. ft.7727 Zelzah Avenue, Reseda, CA 91335
MLS# SR26221576Listed by: JOHNHART REAL ESTATE - Coming Soon
$1,087,000Coming Soon3 beds 2 baths1,548 sq. ft.8352 Capps Avenue, Northridge, CA 91324
MLS# 26103509Listed by: CHRISTIE'S INTERNATIONAL REAL ESTATE SOCAL - Coming SoonOpen Sun, 1 to 4pm
$949,000Coming Soon2 beds 2 baths1,475 sq. ft.8701 Delgany #206, Playa Del Rey, CA 90293
MLS# SB26227697Listed by: EXP REALTY OF CALIFORNIA INC - Coming Soon
$699,999Coming Soon3 beds 2 baths1,563 sq. ft.12839 Montague, Pacoima, CA 91331
MLS# OC26227772Listed by: ONYX HOMES