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15 Units | Westlake | Value Add

$2,175,000

819 Beacon Avenue, Los Angeles, CA 90017

Active
Last Updated: 05/15/2025

6.14

Cap Rate

133,307

NOI

Details:
Cap Rate:    6.14%
NOI:    $133,307
Cash-on-Cash:    6.17%
Pro Forma Cap Rate :    9.12%
Building Size:    10,340 sqft
Lot Area:    0.18 sqft
Units:    15
GRM:    8.18
Year Built:    1906
Price Per Sqft:    $210.35
Price Per Unit:    $145,000
Zoning:    LAR3
Floors:    2
Investment Strategy:    Value Add
Highlights:
  • Built in 1906 | RSO Property
  • Value Add Opportunity
  • Over 25% Upside in Rents
  • Studios and 1 Bedrooms
  • Two Vacant Units
  • Walkable to Metro Station
  • Central Westlake Location
  • Near Koreatown and Downtown
Description:

819 Beacon Ave is ideally positioned in Westlake, a vibrant and rapidly evolving neighborhood known for its dynamic cultural scene, historic charm, and proximity to amajor business and entertainment hubs. The area benefits from ongoing revitalization, attracting young professionals, families, and creative tenants seeking urban convenience.

The property is just a five-minute walk from the Westlake/MacArthur Park Metro Station, which connects to the Red and Purple Lines, offering seamless access to Downtown Los Angeles, Hollywood, and Koreatown. Several bus stops along Wilshire Boulevard and Alvarado Street provide additional public transit options. Union Station, a major transportation hub, is only a short ride away. For travelers, Los Angeles International Airport (LAX) is just a 25-minute drive from the property, offering convenient access to domestic and international flights.

Nearby, tenants can enjoy the tranquil beauty of MacArthur Park, as well
as the vibrant dining, shopping, and nightlife scene in Koreatown and Downtown LA’s Financial District. The property also offers quick access to the 101, 110, and 10 Freeways, making it an ideal base for commuting across Los Angeles.

With its unbeatable location, architectural character, and immediate leasing potential, 819 Beacon Ave stands out as a rare and promising investment in one of Los Angeles’ most exciting submarkets.

Map:
Documents:
Title
819_Beacon_OM_v5.pdf
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