302 N La Peer Dr Beverly Hills, CA 90211
Sale
$4,070,000
10 Units
6 Beds
10 Baths
6,724 Area(sq.ft.)
8,589 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 2,133 | $ 4,266 | $ 6,300 |
| Unit 2 | 4 | 1 | 1 | No | $ 2,192 | $ 8,769 | $ 11,200 |
| Unit 3 | 4 | studio | 1 | No | $ 1,566 | $ 6,262 | $ 8,000 |
| 3 | 10 | 6 | 10 | $ 19,298 | $ 68,656 | $ 89,400 |
| MLS #: | 23-334865 |
| Days On Market: | 99 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 605 |
| Price per unit: | $ 407,000 |
| Year Built: | 1936 |
Property Details
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a ten (10) unit apartment building located at 302-304 North La Peer Drive in Beverly Hills, California. The offering is situated in the world-renowned Beverly Hills neighborhood, just South of Burton Way and West of North Robertson Boulevard. Built in 1936, the North La Peer Drive Apartments have been meticulously well-maintained by the same ownership for over 50 years. The building features a strong unit mix consisting of two (2) 1 bed / 1 bath townhouse units, four (4) 1 bed / 1 bath + den units, and four (4) studios. This very charming property includes, beautiful architecture, double French windows, and hardwood floors. Many renovated units boast, updated bathrooms, quartz kitchen counter tops, stainless steel appliances, refrigerator, stove, and a dishwasher. The total size of the building is approximately 6,724 square feet and sits on an extra-large 8,587 square foot lot that is BHR4YY zoned.The offering is nestled within the heart of Beverly Hills, which is often celebrated as one of the world's most sought-after destinations. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from North La Peer Drive. Some of the most notable amenities nearby are the Rodeo Drive Mall/Corridor, the Four Seasons of Beverly Hills, and the Cedars-Sinai Medical Center. The subject's dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via quick access to the 10 and 405 Freeways. The North La Peer Drive Apartments provide a rare opportunity for an experienced investor to acquire a well located corner lot asset, in one of California's most notable rental pockets with extremely high barriers to entry.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 225,781 |
| Total Annual Expense: | $ 91,061 |
| Net Operating Income: | $ 134,720 |
| Gross Annual Income: | $ 232,764 |
| Cap Rate: | 3.31% |
| Gross Rent Multiplier: | 17.49 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Natural Gas, Wall Gas |
Exterior
Detailed Map
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Income
