2146 Beachwood Terrace, Los Angeles, California 90068, Los Angeles, 90068 - 6 bed, 4 bath
2146 Beachwood Terrace
Los Angeles, California 90068
Property Price
SUMMARY
Analysis of 2146 Beachwood Terrace, Los Angeles, California 90068 reveals a property with a current list price of $1,995,000, which is 40% above the estimated $1,188,529 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $392 | - |
A 1905 Grace Avenue Sold | $1,500,000 | 4 | 3 | 2,867 | $523 | 0.7 mi |
B 6607 Cahuenga Terrace Sold | $1,999,000 | 4 | 5 | 2,969 | $673 | 0.8 mi |
C 2604 Rutherford Drive Active | $2,000,000 List Price | 5 | 4 | 3,016 | $663 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Multi-Unit
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.
- Prime Hollywood Hills Location
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.
- Extensive Restoration and Upgrades
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.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
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%.
- High Pro Forma GRM
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.
- Age of Structure
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.
About 2146 Beachwood Terrace
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 5,423 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Cheremoya Avenue Elementary School
Grades K-6 • 0.3 mi
Grant Elementary School
Grades K-6 • 0.8 mi
Selma Avenue Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 3,032 | 2,357.5 | 72% |
| Lot Size | 5,423 | 6,883.5 | 27% |
| Price | $2.00M | $1.92M | 55% |
| Price per sq ft | $658 | $879 | 19% |
| Built year | 1924 | 1949 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 1858 | 178 | 0% |
Pricing History
Sold
Aug 5, 2021
$1,900,000
Public Record
Sold
Nov 15, 2012
$970,000
Public Record
Sold
Feb 9, 2012
$995,000
Public Record
Sold
May 23, 2003
$650,000
Public Record