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Closed
Closed
Koreatown
 | 
Multifamily

4711 Beverly Boulevard

Los Angeles, CA 90004
Offering Price
Sales Price
$2,485,000
Offering Highlights
Deal Highlights

Record-Breaking Deal. Sold for the Second Lowest In-Place Cap Rate in Koreatown in 2019 at 2.87%.

Multiple Competitive Offers. Procured Multiple Offers in Off-Market Transaction.

Tremendous Upside Potential. 110% Upside in Rental Income and Closed Escrow with One Unit Vacant.

Seismic Retrofitting. Negotiated for Buyer to Complete Seismic Retrofitting.

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Close of Escrow
12/30/2019
10

Units

8,706

Building SF

1963

Year Built

90

Walk Score

$285.44

Price/SF

$248,500

Price/Unit

2.87%

Current Cap

18.29

Current GRM

8,706

Building SF

1963

Year Built

$285.44

Price/SF

10

Units

8,706

Building SF

1963

Year Built

90

Walk Score

$285.44

Price/SF

$248,500

Price/Unit

2.87%

Current Cap

18.29

Current GRM

10

Potential Buildable Units

8,706

Land SF

$285.44

Price/Land SF

$248,500

Zoning

1963

Year Built

90

Walk Score

Property video
Property Location
Koreatown
Submarket
Lead Agent Info

Contact us for more information.

Daniel Shon

Executive Director
Multifamily Investments

(714) 876-5013

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