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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$7,950,000

Est. payment - /mo

21 Beds

23 Baths

11,317 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,317 sqft

Price per Sqft $702

MLS Listing ID 25569567

Bedrooms 21

HOA Y/N No

Year Built 1962

Lot Size 0.322 Acres

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Laundry Stacked

Exterior

Parking Features None

Total Parking Spaces 30

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5522033026

Special Listing Condition Standard

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Listed by Douglas Steinriede Dover Management Corp.

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4723 Beverly BLVD Los Angeles, CA 90004