4723 Beverly Boulevard, Los Angeles, CA 90004
- $7,950,000
- 21
- BD
- 23
- BA
- 11,317
- SqFt
- List Price
- $7,950,000
- Status
- ACTIVE
- MLS#
- 25569567
- Year Built
- 1962
- Bedrooms
- 21
- Bathrooms
- 23
- Living Sq. Ft
- 11,317
- Lot Size
- 14,009
- Acres
- 0.32
- Days on Market
- 59
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
The Vertical is centrally located at 4723, 4327, and 4729 Beverly Boulevard, Los Angeles, CA 90004, in the blossoming Larchmont/Mid-Wilshire corridor. Built in1962 and extensively re-imagined in 2022, this 23-unit asset features top-tier finishes, in-unit washer/dryers, and enhanced curb appeal through a full exterior modernization. Boasting a rare 1:1 parking ratio with 23 covered spaces and fully upgraded capital systems, The Vertical delivers immediate cash flow at a 5.21% cap rate, with a clear path to 6.14% via interior rent optimization. Situated in a vibrant, highly walkable neighborhood near Larchmont Village, Koreatown, and major transit lines, this asset offers tenants urban convenience, well-appointed interiors, and strong retention potential. Investors seeking a durable, hands-off, cash-flow property with embedded upside in a prime Los Angeles infill location will find The Vertical an optimal addition to their portfolio.
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Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 23
Listing courtesy of Listing Agent: Douglas Steinriede (listings@doverla.com) from Listing Office: Dover Management Corp..
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