318 N Oakhurst Dr - Apartments FOR SALE


Beverly Hills, CA 90210
$5,800,000 USD
310-435-3926
318 N Oakhurst Dr, Beverly Hills, CA for Sale
$5,800,000 USD
Apartments - FOR SALE
1/20
null | 4.17% Cap Rate

318 N Oakhurst Dr
Beverly Hills, CA 90210


HIGHLIGHTS

  • Listed at $431 PSF!!! Full Floor +/- 5,300 SF Beverly Hills Penthouse: (5 bed/4 bath) completely renovated in 2023. Private access via elevator key.
  • Building Upgrades: Significant improvements and capital expenditures by current ownership (see OM for list of improvements).
  • Controlled Access, Ample Parking, Laundry on site which generates additional revenue. Potential for ADU .

OVERVIEW

Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity with an Assumable Loan at 3.52% through Nov. 2026. Situated in the most desirable multifamily pocket of Beverly Hills, listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire Penthouse level features a full floor unit with direct elevator access that spans +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. Listed Cap Rate and GRM reflect pro forma 4% allowable increase in 2025 per LARSO. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969. This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and ¾ of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

7

PRICE/UNIT

$828,571

CAP RATE

4.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,349 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4335-015-003,4335-015-004

ASK ABOUT THIS PROPERTY

Jordan RubinsteinCentury Park Realty, Inc.More Info
310-435-3926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jordan RubinsteinCentury Park Realty, Inc.More Info
310-435-3926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.