$7,950,000

4723 Beverly Boulevard, Los Angeles, CA 90004

11,317 sqft

other
Built in 1962
0.32acre lot
—— car garage
$702/sqft
Listed 6 months ago

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.

Listing Status:: Active
Date Added:: July 24, 2025
Data Last Updated:: February 8, 2026 at 7:06AM
Listing Office:: Dover Management Corp. : 818-843-5200
Listing Agent:: Douglas Steinriede : 818-843-5200
MLS ID:: CL25569567

Laundry: Other
Heating: Wall Furnace

Parking: None

Originating MLS: CRMLS
County: Los Angeles

Zoning: LAR35522033026

Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Douglas Steinriede , Dover Management Corp.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Van Ness Avenue Elementary

501 N Van Ness Ave, Los Angeles, CA, 90004

Grades KG-5

0.37 miles away

Virgil Middle School

152 N Vermont Ave, Los Angeles, CA, 90004

Grades 6-8

1.22 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

1.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.