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$1,150,000
17 Days On Site

8612 Beverlywood Street
Los Angeles, CA 90034

For Sale|Residential Income|Active
4
Beds
4
Total Baths
2,494
SqFt
$461
/SqFt
1941
Built
County:
Los Angeles
Listed by Benjamin J. Hsiang of Realty Investment Advisors, Inc. bhsiang@riacre.com
Call Now: (800) 215-5000
Is this the listing for you? We can help make it yours.
(800) 215-5000
8612 Beverlywood Street8612 Beverlywood Street8612 Beverlywood Street8612 Beverlywood Street
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We are pleased to present 8612 Beverlywood Street, a rare value-add four-plex ideally located in a highly desirable Culver City adjacent location. As a four-unit property, 30-year residential fixed-rate financing is available, creating an attractive opportunity for an investor to potentially occupy one unit while renting the remaining three units and building long-term equity. The property consists of four single-story one-bedroom/one-bathroom units totaling approximately 2,494 square feet on a large approximately 7,246 square foot lot. Each unit features its own private laundry, a highly desirable amenity for tenants. With current rents averaging approximately $1,172 per unit compared to projected market rents of approximately $2,150, the property offers substantial rental upside and the opportunity to significantly increase income over time. In addition to the upside in the existing rents, the property's LAR3 zoning and large approximately 50' x 145' lot provide multiple potential avenues for future development and additional value creation. The site may offer opportunities for redevelopment, additional units and/or ADUs, providing investors and developers with flexibility to evaluate both the existing improvements and the underlying land value. Buyers are encouraged to independently investigate all zoning, density, ADU and development possibilities with the City of Los Angeles. 8612 Beverlywood is strategically located just east of Culver City with convenient access to Downtown Culver City, the Helms Bakery District, Culver City Arts District and the Metro E Line. The property is centrally positioned with convenient access to Beverly Hills, Century City, West Adams and major employment, dining and entertainment destinations throughout the greater Westside. With substantial rental upside, 30-year residential financing availability, owner/user potential, private laundry in each unit, a generous LAR3-zoned lot and multiple avenues to create additional value, 8612 Beverlywood Street represents a compelling opportunity for both multifamily investors and owner/users. DO NOT DISTURB THE TENANTS.

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Listing Snapshot
Price 
$1,150,000
Days On Site 
17 Days
Bedrooms 
4
Inside Area (SqFt) 
2,494 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1663 Acres
Year Built 
1941
MLS® Number 
26989889
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.1663
Carport 
4
Levels 
One
Number Of Stories 
1
Parking 
AssignedDetached Carport
Parking Spaces 
5
Sewer 
Other
Special Circumstances 
Standard
SqFt Total 
2494
Zoning 
LAR3
Interior Features
Cooling 
Wall/Window Unit(s)
Heating 
Wall Furnace
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Community Features
MLS Area 
C09 - Beverlywood Vicinity


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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