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2328 N Beachwood Dr

Los Angeles, CA 90068

Sale Price$1,400,000

Property Details

Units5
Building Size4,000 SF
Year Built1960
Price/Unit$280,000
Price/SF$350.00
Cap Rate5.59%
GRM11.17

Description

2328 N. Beachwood Drive is a five-unit multifamily property located in the highly desirable Beachwood Canyon neighborhood of Los Angeles, a premier hillside enclave known for its residential character and proximity to major cultural and employment hubs. The property is ideally situated just minutes from Hollywood, Los Feliz, and Griffith Park, with convenient access to Beachwood Village, local cafés and dining, and some of the city's most popular hiking and outdoor recreation destinations, including trails leading toward the Hollywood Sign. This supply-constrained submarket benefits from consistently strong rental demand, limited new construction, and enduring appeal among renters seeking a balance of neighborhood atmosphere and urban connectivity. The location provides tenants with quick access to major thoroughfares, studios, and entertainment corridors, while maintaining the privacy and character that define Beachwood Canyon. The property consists of five residential units, including two 2-bedroom / 1-bath units and three 1-bedroom / 1-bath units. This asset is well suited for an investor seeking a combination of stable cash flow and long-term appreciation in a high-barrier-to-entry submarket. With a favorable unit mix and a premier Beachwood Canyon address, 2328 N. Beachwood Drive represents an attractive opportunity to acquire a multifamily property with clear upside potential in one of Los Angeles' most iconic and consistently in-demand residential neighborhoods.

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