2146 Beachwood Terrace, Los Angeles, California 90068, Los Angeles, 90068 - 6 bed, 4 bath
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Los Angeles, California 90068
This Restored 1920s Multi-Unit Sanctuary is listed at $1,995,000, representing a stable acquisition aligned with its $1,995,000 Fair Market Value. Boasting a Designer-Restored Condition Rating, the property features two spacious 3-bedroom units and a studio, all upgraded with modern kitchens, hardwood floors, and central air. Residents enjoy private balconies and patios with Hollywood Hills views, plus access to Top-Rated Schools like Valley View Elementary (8/10). This turnkey asset offers a rare house-hack opportunity, making it the ideal choice for Sophisticated Owner-Occupants or Buy-and-Hold Investors seeking immediate income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2146 Beachwood Terrace Subject | $1,995,000* List Price | 6 | 4 | 3,032 | $658 | - |
A 2838 Lambert Sold | $1,635,000 | 6 | 6 | 2,820 | $580 | 0.7 mi |
B 2280 Holly Drive Sold | $2,300,000 | 4 | 5 | 2,994 | $768 | 0.6 mi |
C 6740 Milner Road Sold | $2,350,000 | 4 | 4 | 2,915 | $806 | 0.9 mi |
D 6420 Quebec Drive Active | $2,195,000 List Price | 4 | 4 | 2,824 | $777 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1924, the property has undergone a 'fully restored with designer touch' renovation, as stated in the description. The images confirm this with fully upgraded, modern kitchens featuring white shaker cabinets, dark countertops, subway tile backsplash, and stainless steel appliances. Bathrooms are also updated with modern vanities and classic tile. Refined hardwood floors, fresh paint, and central air throughout indicate a comprehensive and recent overhaul, bringing the property to a virtually new standard in terms of interior quality and systems.
The property features two 3-bedroom units and a studio, offering significant income potential for an owner-occupier or investor, with two units currently vacant for immediate pro forma rent realization.
Situated on a private cul-de-sac in the Hollywood Hills, the property boasts tremendous neighborhood views, immense privacy, and convenient access to studios, restaurants, and hiking trails.
This 1920s property has been fully restored with a designer touch, featuring refined hardwood floors, fresh paint, fully upgraded kitchens, in-unit laundry, fireplaces, and central air.
The listing price of $1,995,000 is substantially higher than the property's estimated value of $1,188,529.75, indicating a potential overvaluation of approximately 40%.
A pro forma Gross Rent Multiplier (GRM) of 17.4 suggests a lower capitalization rate or yield compared to typical investment properties, which may deter pure investors seeking higher immediate returns.
Despite being fully restored, the property was built in 1924, which may still present potential for unforeseen maintenance issues related to underlying older infrastructure or higher insurance costs compared to newer constructions.
This Beautiful 1920s Fully Restored with Designer Touch and Taste Is the Perfect Investment for a Sophisticated Owner Occupier to Generate Income and Live the Hollywood Lifestyle. Live Comfortably in a Prime Hollywood Location on a PRIVATE Cul De Sac that Offers Tremendous Neighborhood Hollywood Hills Views. The Property features Mature Landscaping with Immense Privacy. It really is a Sanctuary. The Property offers (2) 3 Bedroom Units and a Studio. The Many Features/Upgrades include Refined Hardwood Floors, Fresh Paint, Fully Upgraded Kitchens, In Unit Laundry, Fireplaces, Central Air, Private Balconies/Patios, Abundant Parking + Garage. Ultra Prime Hollywood Locale with Convenience to Studios, Restaurants, and the Cities Best Hiking Trails. | Per Seller: "Unit Mix: 2148 Beachwood Ter: 3 bed 1 bath (vacant), pro forma rent $4,250. 2146 Beachwood Ter: 3 bed 2 bath currently rented for $3,750 on a month to month Lease 2146 1/2 Beachwood Ter: studio (vacant), pro forma rent $1,800. Pro Forma GRM: 17.4.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 95% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 3,032 | 2,402 | 72% |
| Lot Size | 5,423 | 7,137 | 23% |
| Price | $2.00M | $1.99M | 50% |
| Price per sq ft | $658 | $891 | 16% |
| Built year | 1924 | 1949 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 1905 | 196 | 0% |
Aug 5, 2021
$1,900,000
Public Record
Nov 15, 2012
$970,000
Public Record
Feb 9, 2012
$995,000
Public Record
May 23, 2003
$650,000
Public Record