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1501 Beloit Ave

2 Unit Apartment Building $1,495,000 ($747,500/Unit) 2.27% Cap Rate Los Angeles, CA 90025

Investment Highlights

  • Easy access to Santa Monica, Westwood, Culver City, and Century City
  • Development potentials: ADU or ground up
  • Walking distance to Sawtelle district

Executive Summary

Charming Duplex in Prime West Los Angeles Location! Nestled at the corner of Beloit and Ohio, this updated duplex offers unbeatable access to Santa Monica, Westwood, UCLA, Century City, Culver City, and major freeways. Its prime location places you just steps away from the vibrant Sawtelle district, with its renowned restaurants, theaters, and markets, making this a rare opportunity in one of LA’s most convenient neighborhoods. Each unit has been remodeled, offering 2 spacious bedrooms and 1 modern bathroom. The private backyard oasis is perfect for hosting family and friends, adding a serene escape to urban living. Whether you're looking for a home with investment potential or a move-in-ready owner-occupied rental, this property is ideal. This home has been virtually staged to help showcase the intended use and true potential of spaces. Sitting on an R3 lot, the building features a two-car garage and offers exciting development possibilities, including the option to add an ADU (Accessory Dwelling Unit) or pursue a ground-up development project. This property truly captures the essence of the West LA lifestyle. Don’t miss this rare chance to own a versatile and desirable property in one of Southern California's most sought-after communities!

Data Room Click Here to Access

Property Facts

Price $1,495,000
Price Per Unit $747,500
Sale Type Investment
Cap Rate 2.27%
Sale Conditions
1031 Exchange
  • Redevelopment Project
Gross Rent Multiplier 25.42
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Size 3,502 SF
Average Occupancy 50%
No. Stories 2
Year Built 1958

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Dining Room
  • Vinyl Flooring

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $2,900 700
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3 (Zone - R3)
R3 (Zone - R3)
  • Listing ID: 33524258

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 1501 Beloit Ave, Los Angeles, CA 90025

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