9948 Robbins Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$4,195,000 USD
310-779-9929
9948 Robbins Dr, Beverly Hills, CA for Sale
$4,195,000 USD
Apartments - FOR SALE
1/31
null | 3.68% Cap Rate

9948 Robbins Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Prime Beverly Hills Location
  • Potential to build 1 to 2 ADUs
  • 30.3% upside in rents, 50.3% upside in rents with ADU
  • Seismic retrofit done in 2015
  • All units equipped with HVAC
  • Garaged parking

OVERVIEW

True North CRE of Compass Commercial is proud to present an exceptional investment opportunity: 9948 Robbins Dr., a meticulously maintained four-unit multifamily property located in the heart of Beverly Hills. The property includes two 1,500 SF 2-bed/1-bath units, one 1,500 SF 2-bed/1.5-bath unit, and one 1,600 SF 3-bed/1.5-bath unit. Amenities feature decorative fireplaces, separate showers and tubs, pedestal sinks outside the primary bedrooms, full kitchens with appliances, and individual laundry rooms with washer/dryer hookups. The top units have high ceilings with intricate original moldings; one includes a balcony. All units provide on-site garaged parking with electric doors, upgraded electrical systems, HVAC, plumbing upgrades including copper and PVC piping, and back entrances to a shared patio with drought-tolerant landscaping. Recent improvements include updates to the roof (portions resealed/recoated as recommended) in 2024, a voluntary seismic retrofit completed in 2015, and the building has recently passed the mandated balcony inspections. There is also potential to convert the garages into 1-2 ADUs to boost revenue. Tenants cover electric, gas, and a portion of trash services, with potential for the new owner to shift full trash costs to tenants. Nestled on a quiet, tree-lined street, this property boasts an unbeatable location in the heart of Beverly Hills. Just a short walk from Century City, Rodeo Drive, Beverly Hills High School, and convenient public transportation options, it provides tenants easy access to both the 405 and 10 freeways. Positioned in a highly desirable rental market, this asset holds tremendous long-term value. Residents will enjoy proximity to world-class dining, luxury shopping, and premier entertainment.

FOR SALE DETAILS

PRICE

$4,195,000 USD

PRICE/SF

$688 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,048,750

CAP RATE

3.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

BHR4YY

APN/PARCEL ID

4328-005-005

ASK ABOUT THIS PROPERTY

John SwartzCompass CommercialMore Info
310-779-9929

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

John SwartzCompass CommercialMore Info
310-779-9929

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