We are pleased to present 819 Beacon Avenue, a 15-unit multifamily property in the highly desirable Westlake neighborhood, just minutes from Downtown Los Angeles and Koreatown. Built in 1906, the property exudes historic charm while offering investors a unique opportunity to add value through strategic renovations and operational enhancements. Situated on a 7,750-square-foot lot, the 10,340-square-foot building consists of seven studios and eight one-bedroom units, appealing to a wide variety of tenants. With one vacant unit, investors can generate immediate cash flow by leasing at market rent. Priced at $2,250,000, this property presents a compelling chance for both immediate income generation and long-term appreciation in a high-demand rental market.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 major 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 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.
Details
MLS #
25496635
Listing Type
For Sale
Sub-Type
Resale
Status
Pending
Year
1906
Days On Site
272
Listing Provided By
Marcus & Millichap | Filip Niculete
Features
Bed(s)
8
Bath(s)
15
SQ Feet
10,340
Story(s)
2
Units
15
Building(s)
1
Zoning
LAR3
Acreage
0.18
Area Information
State
CA
County
Los Angeles
City
Los Angeles
Zip Code
90017
Area
C42 Downtown L.A.
Sourced by Back At You
MLS Number: 25496635
Filip Niculete – info@laaa.com
Marcus & Millichap – (818) 212-2700
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