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1556 S Beverly Glen Blvd, Los Angeles, CA 90024

Sale Price: $2,500,000
Nov 27, 20236,104 sqft9 beds7 baths
Listed by: Eliyahu Appel
License #: 01918652
Phone #: 818-212-2707
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 23334873

Property Description

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a seven (7) unit apartment building located at 1556-1562 South Beverly Glen Boulevard in West Los Angeles, California. The subject property is situated in a prime location bordering Westwood and Century City, just North of Santa Monica Boulevard and South of Wilshire Boulevard. Built in 1941, the South Beverly Glen Apartments have been well maintained by the same ownership for over the last 50 years. The building has a great unit mix consisting of four (4) 1 bed/1 bath units, two (2) 2 bed/1 bath units, and one (1) 1 bed/1 bath and bonus room, single family home. Each unit features hardwood & hardwood style floors, most with beautiful bay windows, spacious kitchens with quartz countertops, stainless steel appliances, refrigerator, stove, microwave, and dishwasher. Tenants also have the luxury of a shared on-site laundry. The total size of the building is approximately 6,104 square feet and sits on a 7,063 square foot lot, zoned LAR3.The Subject Property is bordering Century City & Westwood. The area offers a unique blend of urban living and a vibrant community in a highly desirable rental pocket on the Westside. Tenants will enjoy having very close proximity to the Westfield Century City Mall, just on the other side of Santa Monica Blvd. This neighborhood offers high-end shopping, dining, and entertainment all stemming from the Westwood Village central hub. There are also well-maintained parks, green spaces, and LA Country Club nearby, providing opportunities for outdoor recreation. Commuters will appreciate this property's central location in Century City/Westwood provides easy access to popular public transit options and major arterial thoroughfares like the 10 and 405 freeways. An experienced investor looking to target rental upside in a highly-sought-after neighborhood will capitalize on strong opportunity in the South Beverly Glen Apartments.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$40,611

TurboHome Estimated Value

$2,646,200

$434 sqft

High Valuation
$2,778,510
$455/sqft
Normal Valuation
$2,646,200
$434/sqft
Low Valuation
$2,513,890
$412/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$434/sqft$2,646,200

Neighborhood: Westwood

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Comparative Value

$2.20M

$2.50M

$2.58M

$3.25M

$3.55M

1819 Camden Ave, Los Angeles, CA 90025

Sale Price: $2,200,000

Selected Comparable

1556 S Beverly Glen Blvd, Los Angeles, CA 90024

Sale Price: $2,500,000

Selected Comparable

1556 S Beverly Glen Blvd, Los Angeles, CA 90024

List Price: $2,585,000

Subject Property

152 S Roxbury Dr, Beverly Hills, CA 90212

Sale Price: $3,250,000

Selected Comparable

148 S Camden Dr, Beverly Hills, CA 90212

Sale Price: $3,550,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1556 S Beverly Glen Blvd, Los Angeles, CA 90024

1556 S Beverly Glen Blvd, Los Angeles, CA 90024

List: $2,585,000

Listed: 11/27/2023

Area:6,104 sqft
Price/sqft:$423
Beds:9
Baths:7
Year Built:
Lot Size:7,065

Comparable Properties

COMPARABLE
Choose comps
1556 S Beverly Glen Blvd, Los Angeles, CA 90024

1556 S Beverly Glen Blvd, Los Angeles, CA 90024

Sale: $2,500,000

10/10/20240.00 mi

Area:6,104 sqft
Price/sqft:$410
Beds:9
Baths:7
Year Built:
Weight:38.3%
152 S Roxbury Dr, Beverly Hills, CA 90212

152 S Roxbury Dr, Beverly Hills, CA 90212

Sale: $3,250,000

10/23/20241.17 mi

Area:5,400 sqft
Price/sqft:$602
Beds:8
Baths:7
Year Built:
Weight:25.0%
1819 Camden Ave, Los Angeles, CA 90025

1819 Camden Ave, Los Angeles, CA 90025

Sale: $2,200,000

2/5/20251.32 mi

Area:4,883 sqft
Price/sqft:$451
Beds:8
Baths:8
Year Built:
Weight:18.9%
148 S Camden Dr, Beverly Hills, CA 90212

148 S Camden Dr, Beverly Hills, CA 90212

Sale: $3,550,000

8/29/20241.35 mi

Area:7,310 sqft
Price/sqft:$486
Beds:10
Baths:8
Year Built:
Weight:17.7%

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