Closed | 4711 Beverly Boulevard

Offering Price

Sales Price

$2,485,000

Offering Highlights

Deal Highlights

Record-Breaking Deal. Sold for the Second Lowest In-Place Cap Rate in Koreatown in 2019 at 2.87%.

Multiple Competitive Offers. Procured Multiple Offers in Off-Market Transaction.

Tremendous Upside Potential. 110% Upside in Rental Income and Closed Escrow with One Unit Vacant.

Seismic Retrofitting. Negotiated for Buyer to Complete Seismic Retrofitting.

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Close of Escrow

12/30/2019

Units

8,706

Building SF

1963

Year Built

Walk Score

$285.44

Price/SF

$248,500

Price/Unit

2.87%

Current Cap

18.29

Current GRM

8,706

Building SF

1963

Year Built

$285.44

Price/SF

Units

8,706

Building SF

1963

Year Built

Walk Score

$285.44

Price/SF

$248,500

Price/Unit

2.87%

Current Cap

18.29

Current GRM

Potential Buildable Units

8,706

Land SF

$285.44

Price/Land SF

$248,500

Zoning

1963

Year Built

Walk Score

Download Executive Summary

Property video

Property Location

Koreatown

Submarket

Lead Agent Info

Daniel Shon

Executive Director

Multifamily Investments

(714) 876-5013

Daniel.Shon@kw.com

SEE THIS AGENTS PROPERTIES >