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2640 Beachwood Drive

Pakrad Markarian Acquires Multifamily Property On North Beachwood Drive For $2.8M
SOLDMultiFamily

Pakrad Markarian Acquires Multifamily Property On North Beachwood Drive For $2.8M

2640 Beachwood Drive

$2,800,000

$457/SF

Building Size

6,120 SF

Asset Type

MultiFamily

Closing

Jun 20, 2024

AI

2640 North Beachwood Drive in Los Angeles has been sold for $2,800,000. The multifamily property includes a front structure with three townhome residences dating back to 2005 and a vintage two-story single-family home from 1914, totaling 6,120 square feet. Its location in Beachwood Canyon provides residents with stunning views of the Hollywood sign and easy access to hiking trails, embodying the essence of Hollywood Hills living.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Market: Los Angeles
  • Square Footage: 6,120
  • Price per Square Foot: $458
  • Address: 2640 North Beachwood Drive

Pakrad Markarian of Re/Max Optima represented the buyer, while Glenn Brander of Miller & Desatnik Realty represented the seller in the transaction for 2640 North Beachwood Drive in Los Angeles. The property features a unique blend of historic and modern residences, offering residents a mix of charm and contemporary living spaces.

Players

Pakrad Markarian

Re/Max

Broker

$2.8M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93