170 N Crescent Dr Beverly Hills, CA 90210
Sale
$18,700,000
21 Units
0 Beds
0 Baths
30,971 Area(sq.ft.)
15,098 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,700 | $ 3,700 | $ 4,000 |
| Unit 2 | 19 | 2 | 2 | No | $ 4,052 | $ 4,052 | $ 5,000 |
| Unit 3 | 1 | 3 | 3 | No | $ 5,450 | $ 5,450 | $ 6,000 |
| 3 | 21 | 42 | 42 | $ 86,138 | $ 86,138 | $ 105,000 |
| MLS #: | 24-376227 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 604 |
| Price per unit: | $ 890,476 |
| Year Built: | 1960 |
Property Details
Assumable loan of $8,050,000 at 3.1% fixed until 10/1/26 to qualified buyers. Trophy Property located in Beverly Hills Golden Triangle. Walking distance to shops and restaurants on internationally well known Rodeo, Beverly and Canon Drives in Beverly Hills. Over $1,500,000 in renovation has been spent in the past few years. Controlled access, pool, elevator and subterranean parking garage. Large 1, 2, and 3 bedroom units, some have been renovated. Significant (21%) upside in rents. Priced at 14.5 x Gross and 4.4% Cap with rents at market. Showing with accepted offer.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 1,035,487 |
| Total Annual Expense: | $ 419,956 |
| Net Operating Income: | $ 615,531 |
| Gross Annual Income: | $ 1,066,514 |
| Cap Rate: | 3.3% |
| Gross Rent Multiplier: | 17.50 |
Structure
| Type of Units: | 1, 2, 3 |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Subterranean |
| Covered Parking: | 29 |
| Total Parking: | 29 |
Interior
| AC/Cooling: | Central |
| Equipment: | Intercom, Elevator |
| Heating: | Central |
Exterior
| Pool: | True |
| Pool Description: | Community |
Detailed Map
Schools
Find a great school for your child
Income
