4707 Beverly is a 9-unit multifamily property located along Beverly Blvd in Mid-City, positioned between Larchmont Village, Koreatown, and the 6th Street corridor near Chapman Market. The location is what drives the asset. This stretch of Beverly sits within a part of Los Angeles where multiple established neighborhoods overlap, giving tenants access to several retail and dining corridors rather than relying on a single pocket.

Offered at $1,750,000, the property is priced at $194,444 per unit and $262 per SF, placing it competitively within the surrounding Larchmont and Hancock Park-adjacent submarkets.

A Mid-City Location With Multiple Demand Drivers

4707 Beverly sits minutes from Larchmont Village, Paramount Studios, Koreatown, and Melrose Ave. The surrounding area is already built out with restaurants, cafés, specialty grocers, nightlife, and service-oriented retail.

This part of Mid-City functions differently than more isolated neighborhoods. Tenants have access to multiple corridors, including Beverly Blvd, 6th Street, and Western Ave, all of which continue to support leasing demand. Paramount Studios and nearby production-related employment also contribute to a consistent renter base.

Competitive Basis Relative to Recent Sales

The property is offered at a 10.00 GRM on current rents, with pricing that aligns favorably relative to recent transactions in the surrounding area. On both a per-unit and per-square-foot basis, 4707 Beverly sits below several nearby sales, including properties trading between roughly $270,000 and $300,000 per unit depending on condition and location.

33% Rental Upside Supported by Market Rents

Based on renovated rental comparables in the surrounding neighborhood, the property offers approximately 33% rental upside. Upon stabilization, the asset is projected to operate at a 9.35% CAP and 7.35 GRM. The upside is tied to typical turnover and interior upgrades rather than a full repositioning strategy, which keeps execution straightforward.

A Smaller Asset With Clear Path to Improvement

At 9 units, 4707 Beverly provides a manageable unit count in a location where demand is driven by proximity to multiple employment and retail corridors. The setup allows for incremental improvements over time without requiring large-scale capital deployment.

Conclusion

4707 Beverly offers 9 units in a central Mid-City location with access to Larchmont Village, Koreatown, and Paramount Studios. The combination of below-market pricing, 10.00 GRM on current rents, and approximately 33% rental upside creates a clear path to improved performance through standard operational execution.

For buyers evaluating Mid-City multifamily opportunities near Larchmont and Koreatown, our current listings can be viewed here.