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941 Beacon Avenue

Offered at: $ 1,275,000
941 Beacon Ave, ,
803
Active

As the exclusive listing agent, we are pleased to present a value add opportunity in the rapidly gentrifying neighborhood of Downtown West & only a short stroll to LA Live & Staples Center. Built in 1973, the subject property boasts a desirable unit mix of five 1+1s & three 2+1s with ample private parking.

The Beacon 8 is located in a superior pocket of Los Angeles surrounded by a plethora of development including the world famous billion dollar Metropolis & the highly anticipated 150+ room Hotel Olympia just seconds away. The subject property is located just north of Olympic & hugs the 110 freeway connecting it to the rest of Los Angeles. Additionally, it commands a superior transit score of 86 & a stellar walk score of 95, so most daily errands can be accomplished with relative ease & limited commute time. Additionally, the property sits on a 7,979 SF Lot & as such can be a great development opportunity with favorable R-4 allowing for 19 units by right. The large units coupled with the rental upside in a newer building make this a great opportunity for an investor.

Address: 941 Beacon Ave
State:
State/County:
Zip: 90015
Country: United States
Property Id : 583
Price: Offered at: $ 1,275,000
Property Size: 5,549 ft2
Property Lot Size: 0 ft2
Rooms: 8
Bedrooms: 11
Bathrooms: 8
Units: 8
Building Sqft: 5549
Price Per Sqft: 229.77
Price Per Unit: 159,375
Year Built: 1973

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Eli Appel

Senior Associate National Multi Housing Group
(818) 212-2707
Eli.Appel@marcusmillichap.com

Contact Me