Beverly Center-Miracle Mile (C19) Homes with Apartment Subtype

Beverly Center-Miracle Mile (C19) Homes with Apartment Subtype

Welcome to Beverly Center-Miracle Mile, a vibrant gem nestled in the heart of Los Angeles, California. This dynamic neighborhood is renowned for its eclectic mix of culture, art, and modern living, making it a sought-after destination for homebuyers and renters alike.

Beverly Center-Miracle Mile is an area that effortlessly blends urban sophistication with a laid-back California vibe. The neighborhood is home to iconic attractions such as the Los Angeles County Museum of Art (LACMA) and the La Brea Tar Pits, providing residents with a rich tapestry of cultural experiences right at their doorstep. The streets are lined with trendy boutiques, gourmet restaurants, and lively cafes, ensuring there’s always something to explore.

When it comes to housing, Beverly Center-Miracle Mile offers a diverse array of homes, particularly in the apartment subtype. With options ranging from chic studio apartments to spacious multi-bedroom units, this area caters to various lifestyles and budgets. Many of these residences feature modern amenities, open floor plans, and stunning views of the city skyline, making them perfect for those seeking both comfort and style.

Living in Beverly Center-Miracle Mile means you’re not just investing in a home; you’re embracing a lifestyle. With its prime location, residents enjoy easy access to public transportation, major freeways, and the bustling energy of downtown Los Angeles. Whether you’re a young professional, a family, or an artist seeking inspiration, this neighborhood has something special to offer everyone. Discover your new home in Beverly Center-Miracle Mile, where every day feels like an adventure!

Newest Beverly Center-Miracle Mile (C19) Homes with Apartment Subtype

$1,895,000
SB26159535 MLS ⋅ Active Status
116 S Kings Rd presents a rare Beverly Grove value-add opportunity just south of Beverly Blvd and west of La Cienega, surrounded by some of LA’s strongest rental demand drivers including 3rd Street, The Grove, Cedars-Sinai, West Hollywood, and Beverly Hills. The property is comprised of spacious townhouse-style units, totaling approximately 3,460 rentable square feet, and offers a desirable low-density layout with private entrances and strong long-term tenant appeal. The asset is fully occupied and provides stable in-place income, while still offering significant upside through rent repositioning. Current scheduled rents are approximately $8,493/month compared to projected rents of approximately $20,400/month, creating substantial future income growth in one of Los Angeles’ most sought-after rental submarkets. Situated on a 7,000+ SF LAR3-zoned lot, the property offers the potential to add up to 3 ADUs (buyer to verify), providing investors with a clear opportunity to increase cash flow and maximize long-term value. For investors seeking a larger redevelopment or expansion opportunity, the neighboring property may also be available for purchase, creating the potential for an assemblage and a larger-scale development strategy in a premier Beverly Grove location. Buyer to verify all development potential.

116 S Kings, Los Angeles
$2,400,000
SB26130250 MLS ⋅ Active Status
1117 S Spaulding Ave presents the opportunity to acquire a 12-unit apartment building in the heart of Mid-Wilshire, just minutes from Fairfax, Miracle Mile, Beverly Grove, Pico-Robertson, and Museum Row. The property sits on an 8,559 SF LAR3-zoned lot and features 9,132 SF of improvements with a strong unit mix of (1) 3+1 unit and (11) 1+1 units. The location is one of the strongest parts of the story. Tenants are minutes from The Grove, Farmers Market, LACMA, the Academy Museum, Beverly Center, Cedars-Sinai, and the Wilshire/Fairfax Metro D Line station. Metro’s D Line extension now connects Miracle Mile to Koreatown and Downtown LA, while LACMA’s new David Geffen Galleries recently opened nearby, adding another major demand driver to the area. The property also offers substantial rental upside, with current rents totaling $17,658 per month compared to projected market rents of $32,000 per month. This represents more than $172,000 in projected annual rental upside and a path to increase NOI from approximately $107,559 to $265,919 once rents are brought closer to market. At $2,400,000, the asset is priced at $200,000 per unit and approximately $263 per SF, below the nearby sales-comp averages shown in the OM. With a central Mid-Wilshire location, meaningful income upside, and an attractive basis in a high-barrier-to-entry rental market, 1117 S Spaulding Ave offers investors a clear value-add opportunity in one of Los Angeles’ most desirable infill submarkets.

1117 S Spaulding, Los Angeles
$2,495,000
SB25252589 MLS ⋅ Active Status
*DEVELOPMENT OPPORTUNITY* We proudly present 350 N Hayworth Ave—a prime redevelopment opportunity located in the heart of Beverly Grove, 90048. The property currently features a vacant, fire-damaged 4-unit building totaling 5,070 square feet and is ready for demolition. Sitting on a 7,526 square foot LAR4-zoned lot, the site benefits from an SB-8 exemption, as it has remained unoccupied for over five years. This exemption opens the door to a range of development options that do not require the replacement of low-income housing. Almost RTI-approved plans include a 20-unit multifamily project consisting of 16 one-bedroom, one-bathroom units and 4 two-bedroom, two-bathroom units, with three designated as Extremely Low Income (ELI). There is flexibility to relocate the affordability covenant as long as the overall bedroom count remains equivalent. Alternative development scenarios include a small lot subdivision supporting four to six single-family homes or a 100% affordable housing project under Executive Directive 1 (ED1). This site represents a rare blank canvas in one of Los Angeles' most sought-after neighborhoods, offering strong potential for a range of high-value development strategies. Reach out for Offering Memorandum & Feasibility Study.

350 N Hayworth Avenue, Los Angeles
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.