Beverlywood is the rare Westside submarket where a private covenant, not the zoning code, decides what can be built — and that single fact shapes every apartment building trade in and around it. The tract itself is 1,354 single-family homes bound by the Beverlywood Homes Association's CC&Rs.
Walter H. Leimert laid out Beverlywood in 1940 — the same developer who built Leimert Park across town — as a suburban tract inside city limits, organized around Circle Park with curvilinear streets and a deliberately na...
Read the full seller's guide →Living in townA 1940 Walter H. Leimert tract of 1,354 single-family homes organized around Circle Park, governed by the Beverlywood Homes Association's CC&Rs — which cover house size, style, color, design and landscaping. Curvilinear ...
See the full neighborhood profile →Closings1 Sterman Multifamily Group closing in Beverlywood. See the full transaction record.
See all 1 Beverlywood closing →FAQCommon questions about selling multifamily in Beverlywood.
Read the full FAQ →Beverlywood is the rare Westside submarket where a private covenant, not zoning, determines what can be built — 1,354 homes under CC&Rs means new multifamily is not appearing inside the tract. Fixed supply next to demonstrated demand is the argument for an apartment building on its edges, and most owners do not price it that way. The buyer pool skews to private capital and 1031 exchange buyers wanting durable Westside exposure rather than yield-first operators. I closed 16 units on Alcott Street at $8,525,000 in July 2020 — one deal, so no median, but a real reference point for how this periphery prices.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →