405 Shirley pl, Beverly Hills, CA 90212
Active
$7,000,000
11 Units
21 Beds
21 Baths
13,122 Area(sq.ft.)
Lot: 13,840 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | 2 | 2 | No | $ 3,311 | $ 397,276 | $ 4,500 |
| Unit 2 | 1 | studio | 1 | No | $ 3,000 | $ 36,000 | $ 3,000 |
| 11 | 20 | 21 | $ 36,110 | $ 4,008,760 | $ 48,000 |
| MLS #: | 25544177 |
| Days On Market: | 193 |
| Listing Date: | May 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 533 |
| Price per unit: | $ 636,364 |
| Year Built: | 1948 |
Property Details
Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units (averaging almost 1,200 SF) and one fully renovated standalone studio. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates.This offering presents a compelling value-add opportunity, with a proven value add business plan already in motion. Five of the eleven units have been partially or fully updated as tenants naturally moved out over the year and those renovated units have achieved significantly higher rents (up to 95% rental premium through interior renovation), clearly demonstrating the potential to increase income across the board. A new owner can execute the same or similar renovation strategy to increase net operating income (NOI) by +/- 40% a clear path to increased cash flow and long-term value creation.Additional Opportunity to Acquire Adjacent Parcel(s)Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 437,405 |
| Total Annual Expense: | $ 160,498 |
| Net Operating Income: | $ 276,907 |
| Gross Annual Income: | $ 437,405 |
| Gross Rent Multiplier: | 16.00 |
Structure
| Type of Units: | 2/2 |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Covered Parking, Carport Detached |
| Covered Parking: | 11 |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | Dishwasher, Intercom, Refrigerator |
| Heating: | Wall |
| Laundry: | Community, Room |
| Laundry Equipment: | Own |
Exterior
Detailed Map
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Income
