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Rare opportunity to acquire a four-unit multifamily property in the highly desirable Beverly Grove neighborhood of Los Angeles. Situated on a 6,252 sq. ft. lot, this property features 5,408 sq. ft. of building area with four spacious 2-bedroom, 1-bathroom units. The property currently generates $8,350 in monthly rental income, with one unit to be delivered vacant at close of escrow, providing an immediate opportunity for a new owner to establish market rent and increase cash flow. The vacant unit is projected to achieve approximately $3,295 per month, bringing potential gross rental income to approximately $11,645 monthly or $139,740 annually. The property's LAR3 zoning presents an opportunity for investors to explore additional development possibilities, including potential ADU opportunities, subject to city approvals, zoning requirements and feasibility. Ideally located near The Grove, Beverly Center, Cedars-Sinai Medical Center, Melrose Avenue, shopping, dining and entertainment, the property offers convenient access to some of Los Angeles' most sought-after destinations. An attractive value-add opportunity for multifamily investors, owner-operators and 1031 exchange buyers seeking existing rental income, immediate upside and long-term investment potential in a prime central Los Angeles location. Offered at $1,950,000.
Property Type(s):
Residential Income
| Last Updated | 11/12/2026 | Year Built | 1929 |
|---|---|---|---|
| Community | C19 - Beverly Center-Miracle Mile | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Washer |
| AREA | C19 - Beverly Center-Miracle Mile |
| GARAGE | Yes |
| HEAT | Central |
| LOT | 6251 sq ft |
| LOT DIMENSIONS | 6252 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Sync Brokerage, Inc.
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