4707 Beverly Blvd is a 9-unit Mid-City multifamily asset located along Beverly Blvd, positioned between Larchmont Village, Koreatown, Paramount Studios, and the 6th St corridor near Chapman Market. Following the updated pricing, the property is offered at $187,222 per unit and $252 per SF, with current rents operating at a 5.99% CAP and 9.43 GRM.

The revised basis places 4707 Beverly closer to where buyers are underwriting today, while preserving approx. 31% rental upside supported by renovated comps in the immediate area. For investors looking at Central LA multifamily, the appeal is straightforward: a well-located 9-unit asset with current income, completed system work, and a clear path to improved performance through interior upgrades as units turn.

Revised Pricing That Now Fits the Mid-City Market

The updated pricing at 4707 Beverly gives buyers a more practical entry point into a Larchmont-adjacent location. At $187,222 per unit and $252 per SF, the property sits at a competitive basis relative to nearby Mid-City and Melrose Hill transactions, especially when accounting for the location and remaining upside.

In today’s market, pricing has to hold up against real comps. The revised basis makes the income, condition, and upside easier to underwrite without relying on an aggressive story.

Current Income With Approx. 31% Rental Upside Already Defined

4707 Beverly operates at a 5.99% CAP and 9.43 GRM on current rents. Based on renovated rental comps in the surrounding area, the property offers approx. 31% rental upside, with projected stabilization at a 9.15% CAP and a stabilized GRM to be verified.

A Beverly Blvd Location Between Larchmont, Koreatown, and 6th St

4707 Beverly is positioned along Beverly Blvd, minutes from Larchmont Village, Koreatown, Paramount Studios, and the 6th St corridor surrounding Chapman Market. This location gives residents access to several established dining, retail, and employment pockets rather than depending on one single neighborhood draw.

That matters in this part of Central LA. Tenants can move between Beverly Blvd, Western Ave, 6th St, and Larchmont with relative ease, while remaining close to production-related employment near Paramount Studios and the broader Koreatown office and retail base.

Recent System Work That Keeps the Focus on Interiors

Major building systems have already been addressed at 4707 Beverly. Recent capital improvements include a new roof, sewer line replacement, and horizontal plumbing upgrades, reducing near-term system concerns for future ownership.

This work helps shift the next phase of the business plan toward interior improvements, rent alignment, and day-to-day operations rather than immediate building infrastructure. In a market where buyers are paying closer attention to capital needs, that distinction matters.

A Manageable 9-Unit Asset With a Clear Improvement Plan

At 9 units, 4707 Beverly offers a manageable scale in a central Mid-City location. The building’s straightforward layout supports incremental improvements over time, allowing ownership to renovate as units turn rather than requiring a heavy upfront repositioning. That structure fits the current market. Buyers are looking for assets where the path to improved performance is visible, but still grounded in normal execution: better interiors, better rents, and a basis that makes sense.

Conclusion

4707 Beverly offers a 9-unit Mid-City multifamily asset where the revised pricing, current income, recent system work, and approx. 31% rental upside are all clearly defined. At $187,222 per unit and $252 per SF, with a 5.99% CAP and 9.43 GRM on current rents, the property gives buyers a practical basis in a central Los Angeles location with access to Larchmont Village, Koreatown, Paramount Studios, and the 6th St corridor.

For buyers looking at Central LA multifamily with existing income, completed system upgrades, and a clear interior renovation path, 4707 Beverly presents a grounded value-add opportunity at a revised basis that now better reflects the current market.