4707 Beverly BLVD, Los Angeles, CA 90004
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4707 Beverly BLVD, Los Angeles, CA 90004
4707 Beverly BLVD, Los Angeles, CA 90004
4707 Beverly BLVD, Los Angeles, CA 90004
4707 Beverly BLVD, Los Angeles, CA 90004
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Shane Boukorras

Shane Boukorras

+1(949) 630-8794
$ 1,685,000
Est. payment /mo
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Price Dropped by $65K

4707 Beverly BLVD Los Angeles, CA 90004

12 Beds

10 Baths

6,681 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,681 sqft

Price per Sqft $252

MLS Listing ID 26665417

Bedrooms 12

HOA Y/N No

Year Built 1957

Lot Size 7,257 Sqft

Property Description

4707 Beverly Blvd. is a 9-unit Mid-City offering priced at $187,222 per unit and $252 per SF, operating at a 5.99% CAP and 9.43 GRM on current rents. With approx. 31% rental upside supported by renovated comps in the immediate area, the property presents a clear value-add opportunity at a basis that remains competitive within the Larchmont-adjacent market. Located along Beverly Blvd., the property sits minutes from Larchmont Village, Koreatown, Paramount Studios, and the 6th Street corridor surrounding Chapman Market. This positioning places residents within one of the most active and concentrated pockets of dining, retail, and neighborhood amenities in Central Los Angeles, while maintaining access to multiple employment hubs that continue to support consistent rental demand. The building benefits from a straightforward unit mix and layout that supports a repeatable renovation strategy as units turn. Based on renovated rental comparables nearby, the property offers approx. 31% rental upside, with projected stabilization at an 9.15% CAP and 9.43 GRM. The gap between current and market rents provides a clear path to improved performance through typical interior upgrades. ***Major building systems have already been addressed. Recent capital improvements include a new roof, sewer line replacement, and horizontal plumbing upgrades, reducing near-term capital requirements and allowing a buyer to focus on interior improvements and rent growth.*** With a central Mid-City location, proximity to Larchmont Village and Koreatown, and a clear value-add profile supported by both unit economics and completed system upgrades, 4707 Beverly Blvd. offers a 9-unit asset where basis, location, and upside are aligned.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Covered, Garage, Tandem, Uncovered

View Y/N No

View None

Total Parking Spaces 9

Building

Faces South

Story 2

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5522033011

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Max Berger Compass #02054048

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4707 Beverly BLVD

Shane Boukorras
Shane Boukorras

Real Estate Advisor | License ID: 02066136

+1(949) 630-8794 | shane@boukorrasgroup.com

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