Description
1314 S Beverly Glen Blvd is a 6-unit apartment building built in 1947 with a wood frame and stucco construction. The unit mix is six large two-bedroom, one-bathroom units. One of the units is a two-story townhouse-style unit. The property is 6,129sf on an oversize 8,090sf parcel zoned LAR3 (Tier 2 TOC). Located just south of Devon Ave on South Beverly Glen Boulevard, between Wilshire and Santa Monica Boulevards, this apartment building has an excellent location adjacent to Century City, Beverly Hills, and Bel Air/Holmby Hills. This location will demand some of the highest rents in all Los Angeles. Due to some tenants paying below-market rents, there is an estimated 25% rental upside through renovating below-market units upon turnover. There is currently one vacant unit.
Location
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