- CENTURY 21 Real Estate
- California
- Los Angeles
- 1140 N Beachwood Drive
1140 N Beachwood Drive, Los Angeles, CA 90038
Local realty services provided by:CENTURY 21 Masters
1140 N Beachwood Drive,Los Angeles, CA 90038
$2,195,000
- 2 Beds
- 10 Baths
- 5,343 sq. ft.
- Multi-family
- Active
Listed by: dana brody
Office: dana brody
MLS#:25597357
Source:CRMLS
Price summary
- Price:$2,195,000
- Price per sq. ft.:$410.82
About this home
7% Cap Upon Lease Up of 6 Vacant Units! We are very proud to exclusively present 1140 N. Beachwood Drive, a 10-unit multifamily property located in the heart of Hollywood's Studio District. Now priced at $2,195,000 this property offers an outstanding value-add opportunity in one of Los Angeles' most sought-after rental submarkets. Six of the ten units will be delivered vacant, allowing new ownership to immediately renovate and re-lease at top market rents upon close of escrow. Upon the immediate renovation and lease-up the 6 vacant units, the property is projected to achieve a 7.04% cap rate and 9.8 GRM, offering excellent cash flow and appreciation potential. Situated between Santa Monica Boulevard and Sunset Boulevard, 1140 N. Beachwood Drive benefits from its proximity to major employers such as Netflix, Sunset Gower Studios, and Sunset Bronson Studios, as well as a wave of surrounding new development. The property is located a very short distance from several popular dining and entertainment destinations.1140 N. Beachwood Drive is ideally positioned in a high-demand rental pocket with strong fundamentals and consistent tenant demand. The property's immediate surroundings feature numerous new developments, including luxury townhomes selling for nearly $1.5 million each and renting for $6,750 per unit, demonstrating the strength of the submarket. Just one block away, the transformative Echelon Studios project, a $450 million, 610,000-square-foot creative campus by Bardas Investment Group and Bain Capital Real Estate is set to redefine the area as a hub for entertainment and innovation. The development will bring hundreds of new jobs and further enhance property values in the neighborhood. Nearby dining and retail options include Dave's Hot Chicken, Jitlada Restaurant, Canter's Deli, Ovation Hollywood, West Hollywood Gateway, and Catalina's Supermarket, along with numerous cultural and entertainment landmarks such as The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Educational institutions in the area include Joseph Le Conte Middle School, STEM Academy of Hollywood, Bernstein High School, and Hollywood Elementary School. 1140 N. Beachwood is a prime Hollywood Studio District 10-unit property - 6 of 10 units delivered vacant - Ideal value-add opportunity with 7% cap and 9.8 GRM pro forma after renovation and lease-up of just the already vacant units. Separately metered for gas & electric, 6 parking spaces, no seismic retrofit required. Excellent walkable location near Netflix, Sunset Gower Studios, and the transformative Echelon Studios development. Priced well below replacement cost at $220K per unit - Rare chance to own in a high-demand rental pocket with major upside!
Contact an agent
Home facts
- Year built:1956
- Listing ID #:25597357
- Added:127 day(s) ago
- Updated:January 25, 2026 at 11:50 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:10
- Living area:5,343 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1956
- Building area:5,343 sq. ft.
- Lot area:0.16 Acres
Finances and disclosures
- Price:$2,195,000
- Price per sq. ft.:$410.82
New listings near 1140 N Beachwood Drive
- Open Sat, 1 to 3pmNew
$3,449,950Active5 beds 6 baths5,567 sq. ft.20164 Galway Lane, Porter Ranch, CA 91326
MLS# AR25282149Listed by: COMPASS - Open Sun, 12 to 4pmNew
$1,060,000Active3 beds 3 baths1,619 sq. ft.8545 Tujunga Valley, Sunland, CA 91040
MLS# SB26022111Listed by: DAISY TAYLOR - Open Sat, 1 to 4pmNew
$1,065,000Active3 beds 2 baths2,062 sq. ft.12926 Barto, Granada Hills, CA 91344
MLS# SR26021404Listed by: PINNACLE ESTATE PROPERTIES, INC. - New
$850,000Active4 beds 2 baths206 S Soto, Los Angeles, CA 90033
MLS# SR26022151Listed by: KOENIG PROPERTIES - Open Sun, 1 to 4pmNew
$499,000Active2 beds 2 baths1,137 sq. ft.15030 Victory Boulevard #103, Van Nuys, CA 91411
MLS# SR26022227Listed by: KELLER WILLIAMS REALTY-STUDIO CITY - New
$1,499,000Active3 beds 2 baths1,700 sq. ft.6727 W 87th Pl, Los Angeles, CA 90045
MLS# 41122594Listed by: HOMESMART OPTIMA REALTY, INC - New
$1,250,000Active5 beds 4 baths3,037 sq. ft.23218 Runnymede Street, West Hills (los Angeles), CA 91307
MLS# CL26644641Listed by: COMPASS - New
$1,695,000Active3 beds -- baths1,915 sq. ft.3061 Landa Street, Los Angeles, CA 90039
MLS# CL26644831Listed by: SOTHEBY'S INTERNATIONAL REALTY - New
$1,695,000Active3 beds -- baths2,041 sq. ft.500 N Windsor Boulevard, Los Angeles, CA 90004
MLS# CL26645519Listed by: NOURMAND & ASSOCIATES-BH - Open Sat, 1 to 4pmNew
$1,495,000Active4 beds 3 baths1,705 sq. ft.1905 Weepah Way, Los Angeles, CA 90046
MLS# 26642987Listed by: FIGURE 8 REALTY