Oscar Diaz
This listing was posted on RealtyWW.
$2,425,000
Home For Sale In Los Angeles, California
Price:
$2,425,000
BR/BA:
8 BR, 10+ BA
Location:
819 Beacon Ave, Los Angeles, CA
Description:
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.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i72552295
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Eight Bedroom 10 Bathroom, 10+ BA, 15 Bathroom Single-Family Homes for Sale at 819 Beacon Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 819 Beacon Ave by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 15 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Eight Bedroom 10 Bathroom, 10+ BA, 15 Bathroom Single-Family Homes for Sale at 819 Beacon Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 819 Beacon Ave by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 15 Bathroom Single-Family Homes for Sale in Los Angeles CA.