$2,150,000

Amazing New Price! Rare opportunity to purchase 10 units in the heart of Hollywood's Studio District! We are pleased to exclusively offer for purchase 1140-42 North Beachwood Drive, a charming 10-unit apartment building situated just South of the World Famous Sunset Boulevard. Priced below replacement cost at $215,000 per unit, 1140 N. Beachwood, which sits on a 6,752 sf R3 lot is comprised of studios, one and two bedroom units and is an excellent income producing value-add opportunity for a new or experienced multi-family investor looking to pick up ten legal apartment units in an established and high demand rental pocket. Located between Santa Monica and Sunset Boulevard, the property features 6 parking spaces at the rear, is separately metered for gas and electric, and does not require seismic retrofitting. Boasting a 90 Walk Score, 1140 N. Beachwood is walking distance to many shops and restaurants, and there is a great deal of new development happening all around the property. Next door, high end new construction townhomes that sell for $1.5 million each, plus new mixed use and office construction going up on and down Santa Monica Boulevard. Echelon Studios, going in at 5601 Santa Monica Boulevard just a half a mile away from the property will bring hundreds of jobs and 610,000 square feet of creative office and production studios to the area. Netflix, Paramount, Sunset Gower Studios and Sunset Bronson Studios are also just walking distance from the property just to the North on Sunset. With more than 30% income upside potential and excellent fundamentals, 1140 N. Bronson is an excellent multi-family property with a great price and huge appreciation potential. One unit to be delivered vacant, ready to be reimagined and rented at market rents. Prime opportunity to pick up 10 units in one of Southern's California's strongest rental markets and grow your cash flow! Truly an amazing change to pick up 10 units in one of the hottest new development markets, walking distance to all the studios!