15 Units | Westlake | 6 Offers Generated
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The successful closing of 819 Beacon Ave, a transaction that required patience, adaptability, and steady communication in one of the most challenging regulatory environments Los Angeles has faced in recent years.
Property Overview
819 Beacon Ave is a 1906-built multifamily property comprised entirely of studio and one-bedroom units. The building has no on-site parking and operates with master-metered utilities. While the unit mix and location generated interest, the asset was never positioned as an easy sale. Buyers needed to be comfortable underwriting an older building with limited income growth flexibility in a market that was actively shifting.
The Deal Story
The property had been on and off the market since 2014 and had been represented by multiple well-known brokerage teams over the years, yet it never successfully closed. We first brought the property to market on February 10, 2025, at an asking price of $2,250,000, and it quickly went under contract with a seasoned local investor.
The successful closing of 819 Beacon Ave, a transaction that required patience, adaptability, and steady communication in one of the most challenging regulatory environments Los Angeles has faced in recent years.
Property Overview
819 Beacon Ave is a 1906-built multifamily property comprised entirely of studio and one-bedroom units. The building has no on-site parking and operates with master-metered utilities. While the unit mix and location generated interest, the asset was never positioned as an easy sale. Buyers needed to be comfortable underwriting an older building with limited income growth flexibility in a market that was actively shifting.
The Deal Story
