342 N Oakhurst Dr - Apartments FOR SALE


Beverly Hills, CA 90210
$3,600,000 USD
310-432-6547
342 N Oakhurst Dr, Beverly Hills, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/12
null | 4.5% Cap Rate

342 N Oakhurst Dr
Beverly Hills, CA 90210


HIGHLIGHTS

  • Significant (27%) upside in rents.
  • 14.6 x gross and 4.5% cap with existing rents
  • 11.5 x gross and 6.25% cap with rents at market
  • New roof in 2022; replaced sewer line in 2020; new rain gutters in 2024
  • Value Add: Potential to add 2-ADUs on top of the garages.

OVERVIEW

Prime Beverly Hills location, N. of Wilshire. Property has been in Seller's Family Trust since 1985. Selling with additional APN 4335-007-015. Charming Property with meticulously renovated units. Some units were designed by award winning architect from Rome, Italy. Value-Add: Potential to add two ADUs on top of the garages (Buyer to confirm). Value Add: Potential to add 2-ADU on top pf the garages. The City line separating City of Beverly Hills from City of Los Angeles runs through the property. Part of the Property is in the City of Beverly Hills (parcel # 4335-007-015) and the other part is in the City of Los Angeles (Parcel # 4335-007-016). Tenants can send their children to Beverly Hills school system.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$679 USD /SF

# OF UNITS

8

PRICE/UNIT

$450,000

CAP RATE

4.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,710 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4335-007-015,4335-007-016

ASK ABOUT THIS PROPERTY

Hamid SoroudiKW Commercial Beverly HillsMore Info
310-432-6547

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Hamid SoroudiKW Commercial Beverly HillsMore Info
310-432-6547

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