8612 Beverlywood Street, Los Angeles, CA 90034
List Price: $1.15M
Listing Status: Active
0Days on Market: 0
4 Bedrooms · 4 Bathrooms · 2,494 sq ft
Property Type: ResidentialIncome
Year Built: 1941
Lot Size: 7,246 sq ft
MLS Number: 26989889
About This Property
We are pleased to present 8612 Beverlywood Street, a rare value-add four-plex ideally located in a highly desirable Culver City adjacent location. As a four-unit property, 30-year residential fixed-rate financing is available, creating an attractive opportunity for an investor to potentially occupy one unit while renting the remaining three units and building long-term equity. The property consists of four single-story one-bedroom/one-bathroom units totaling approximately 2,494 square feet on a large approximately 7,246 square foot lot. Each unit features its own private laundry, a highly desirable amenity for tenants. With current rents averaging approximately $1,172 per unit compared to projected market rents of approximately $2,150, the property offers substantial rental upside and the opportunity to significantly increase income over time. In addition to the upside in the existing rents, the property's LAR3 zoning and large approximately 50' x 145' lot provide multiple potential avenues for future development and additional value creation. The site may offer opportunities for redevelopment, additional units and/or ADUs, providing investors and developers with flexibility to evaluate both the existing improvements and the underlying land value. Buyers are encouraged to independently investigate all zoning, density, ADU and development possibilities with the City of Los Angeles. 8612 Beverlywood is strategically located just east of Culver City with convenient access to Downtown Culver City, the Helms Bakery District, Culver City Arts District and the Metro E Line. The property is centrally positioned with convenient access to Beverly Hills, Century City, West Adams and major employment, dining and entertainment destinations throughout the greater Westside. With substantial rental upside, 30-year residential financing availability, owner/user potential, private laundry in each unit, a generous LAR3-zoned lot and multiple avenues to create additional value, 8612 Beverlywood Street represents a compelling opportunity for both multifamily investors and owner/users.
