163 N Clark Dr Beverly Hills, CA 90211
Sale
$3,410,000
8 Units
4 Beds
8 Baths
5,040 Area(sq.ft.)
5,754 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | studio | 1 | No | $ 1,843 | $ 7,371 | $ 9,200 |
| Unit 2 | 3 | 1 | 1 | No | $ 1,904 | $ 5,014 | $ 10,400 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,600 | $ 2,600 | $ 2,600 |
| 3 | 8 | 4 | 8 | $ 15,684 | $ 47,126 | $ 70,600 |
| MLS #: | 24-365779 |
| Days On Market: | 56 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 677 |
| Price per unit: | $ 426,250 |
| Year Built: | 1930 |
Property Details
Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU's equaling 16-units) are built and rented. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit multifamily building built in 1930 comprised of four one-bedroom, one-bathroom units, including one currently vacant, and four single studio units, with an added bonus of Ready-To-Issue (RTI) permits for 2 one-bedroom, one-bathroom ADUs (Accessory Dwelling Units). This property features convenient master metering for utilities, simplifying management tasks. Each unit has upgraded floors and kitchen appliances. With on-site laundry facilities, residents enjoy added convenience, while investors benefit from an additional income stream. Located in the heart of Beverly Hills, residents have easy access to top-notch dining, shopping, and entertainment options, making it an attractive place to call home.From an investment standpoint, this property offers solid returns. With high demand for rentals in Beverly Hills, steady rental income is anticipated, coupled with the long-term value appreciation in this sought-after location. Buyer to verify information independently and with listing brokerInterested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 185,225 |
| Total Annual Expense: | $ 85,874 |
| Net Operating Income: | $ 102,351 |
| Gross Annual Income: | $ 179,820 |
| Cap Rate: | 3% |
| Gross Rent Multiplier: | 17.89 |
Structure
| Type of Units: | Multifamily |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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Income
