819 Beacon Avenue
Los Angeles, CA 90017
- – beds
- – baths
- – sqft
- 7,752 sqft lot
- 1906 build
- – on site
We are pleased to present 819 Beacon Ave, a charming 15-unit multifamily property located in the vibrant Westlake neighborhood of Los Angeles. Constructed in 1906, this property comprises a balanced mix of 7 single and 8 one-bedroom units, spread across a building area of 10,340 square feet on a 7,750 square foot lot. Its proximity to the trendy area of Koreatown and the bustling downtown Los Angeles offers investors a unique blend of historical charm and access to a dynamic urban lifestyle, attracting a broad tenant base. At 819 Beacon Ave, through strategic renovations, investors have the opportunity to capture up to 25% market rental upside. The property's utility setup also offers a cost-saving opportunity. Since it is master-metered, introducing Ratio Utility Billing Systems (RUBS) for new leases could lower utility expenses significantly, increasing cash flow. Complementing these financial benefits, 819 Beacon Ave boasts a prime location with a 92 Walk Score and an excellent Transit Score of 88. Dubbed a Walker's Paradise, it offers residents unparalleled convenience with immediate access to a plethora of local amenities, dining, shopping, and entertainment options, enhancing its appeal to a wide tenant base. The strategic location of 819 Beacon Ave not only ensures easy day-to-day living but also places it near key Los Angeles hubs such as Koreatown, Downtown LA, Hollywood, and Mid-Wilshire. This connectivity adds significantly to its tenant appeal and underpins strong rental demand. Coupled with the potential for aesthetic and functional enhancements, this positions 819 Beacon Ave as a prime investment opportunity in a thriving market.
Listed By CRMLS_CA / Oscar Diaz / Marcus & Millichap
Last checked:
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Last updated Jun 28, 2024
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MLS# 24398233 —
The Building
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Year Built:1906
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New Construction:No
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Building Area Total:10340.00
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# of Buildings:1
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Total Number Of Units:15
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Located near Beacon Avenue and W 8th Street. Head south on Beacon Avenue from W 8th Street; the property is north of James M Wood Blvd.
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Latitude:34.05237200
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Longitude:-118.27409300
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7752.0000
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Lot Size Dimensions:50x155
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Lot Size Acres:0.1780
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Lot Size SqFt:7752.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5142015015
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/27/24
Jun 27, 2024
|
Price Changed | CRMLS_CA | $2,375,000 | -2.1% |
5/31/24
May 31, 2024
|
Listed / Active | CRMLS_CA | $2,425,000 | |
7/5/22
Jul 5, 2022
|
Price Changed | CRMLS_CA |