2429 Cheremoya Ave Case Study
Beachwood Canyon, Hollywood Hills, CA
The Opportunity
2429 Cheremoya Ave is a 7-unit, stabilized, rent-controlled apartment building in the Beachwood Canyon area of the Hollywood Hills. Built in 1962, it had already been listed with another brokerage and was priced roughly 15% under market, needing renewed marketing momentum.
The Solution
We contacted every buyer who had purchased in the immediate area, along with sellers in the target price range, and worked with buyer-side brokers to generate multiple competitive offers.
The Results
The property closed above the previous brokerage’s list price, with both parties satisfied by the streamlined process and terms.
See the full closed sale record for 2429 Cheremoya Ave.
If You Are in a Similar Situation
Selling a value-add or rent-controlled building
Buildings with below-market rents and deferred work sell differently from fully renovated ones, and the rent rules shape what buyers will pay. Start with our guides to selling with tenants under rent control, the 2026 AB 1482 rent cap, and how buyers value an apartment building.
Frequently Asked Questions
How much did 2429 Cheremoya Ave sell for?
2429 Cheremoya Ave (Beachwood Canyon, Hollywood Hills, CA) sold for $2,295,000. The building has 8 units, or about $286,875 per unit, and about $442 per square foot of building area.
What happened in the sale of 2429 Cheremoya Ave?
A stabilized 7-unit Beachwood Canyon building that had stalled with another brokerage sold above its prior list price.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.