414 N Palm Dr Beverly Hills, CA 90210
Sale
$7,495,000
10 Units
16 Beds
16 Baths
17,050 Area(sq.ft.)
7,705 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 6,500 | $ 6,500 | $ 6,500 |
| Unit 2 | 6 | 2 | 2 | No | $ 3,791 | $ 3,791 | $ 4,700 |
| Unit 3 | 3 | 1 | 1 | No | $ 2,171 | $ 2,171 | $ 3,400 |
| 3 | 10 | 17 | 17 | $ 35,759 | $ 35,759 | $ 44,900 |
| MLS #: | 23-325758 |
| Days On Market: | 166 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 440 |
| Price per unit: | $ 749,500 |
| Year Built: | 1962 |
Property Details
Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner use will be delivered vacant at closing. Significant (25%) upside in rents. 13.8 x Gross & 4.9% Cap with rents at market. Seller has spent over $257,000 in renovation in the past year. Priced at only $440/S.F. Showing with accepted or strong offers.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 420,707 |
| Total Annual Expense: | $ 15,886 |
| Net Operating Income: | $ 261,821 |
| Gross Annual Income: | $ 433,579 |
| Cap Rate: | 3.5% |
| Gross Rent Multiplier: | 17.30 |
Structure
| Type of Units: | 1/1,2/2 |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | BHR4YY |
| Parking Garage: | Subterranean |
| Total Parking: | 15 |
Interior
| AC/Cooling: | Other |
| Equipment: | None |
| Heating: | Other |
Exterior
Detailed Map
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Income
