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4723 Beverly Blvd, Los Angeles, CA 90004

List Price: $7,950,000On Market FlagOn market
Jul 24, 202511,317 sqft21 beds23 baths
Listed by: Douglas Steinriede
License #: 00284936
Phone #: 818-843-5200
Dover Management Corp.
Source:
CRMLS Logo
MLS #: 25569567

Property Description

The Vertical is centrally located at 4723, 4327, and 4729 Beverly Boulevard, Los Angeles, CA 90004, in the blossoming Larchmont/Mid-Wilshire corridor. Built in1962 and extensively re-imagined in 2022, this 23-unit asset features top-tier finishes, in-unit washer/dryers, and enhanced curb appeal through a full exterior modernization. Boasting a rare 1:1 parking ratio with 23 covered spaces and fully upgraded capital systems, The Vertical delivers immediate cash flow at a 5.21% cap rate, with a clear path to 6.14% via interior rent optimization. Situated in a vibrant, highly walkable neighborhood near Larchmont Village, Koreatown, and major transit lines, this asset offers tenants urban convenience, well-appointed interiors, and strong retention potential. Investors seeking a durable, hands-off, cash-flow property with embedded upside in a prime Los Angeles infill location will find The Vertical an optimal addition to their portfolio.
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

$119,307

TurboHome Estimated Value

$7,951,900

$703 sqft

High Valuation
$8,349,495
$738/sqft
Normal Valuation
$7,951,900
$703/sqft
Low Valuation
$7,554,305
$668/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$703/sqft$7,951,900

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