Fourplex Building in Beachwood Canyon
We closed escrow recently on this fourplex in an A+ location on coveted Beachwood Dr. My client’s got themselves a nice building that brings in solid rents. Let’s face it when buying an income property the main thing is how much money does it bring in every month. This one brings in about $6,500/mo, which is solid, especially compared to other buildings in this area and price range that bring in significantly less rent. The building, made up of two 2 bedrooms (one with a huge private yard) and 2 studios, was renovated a few years ago and the units contain upgraded features such as; stainless steel appliances and custom cabinetry in the kitchens, Italian marble flooring, marble countertops and showers. Again, this is a great location that will always be desirable to potential Tenant’s, and an excellent place for my client’s to put their money both in the short and I believe the long term. It is the second deal I have done with these particular Buyer’s, and I couldn’t be happier for them, and appreciate having them and their continued trust as client’s.
2276 Beachwood Dr, Hollywood Hills
$1,050,000 (Asking price was $1,195,000)
3,036 Sq. Ft
6,299 Lot Sq. Ft