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
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