$3,250,000
$3,700,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
5,871 SqFt
SOLD DATE : 03/25/2024
Key Details
Sold Price $3,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,871 sqft
Price per Sqft $553
MLS Listing ID 23306663
Sold Date 03/25/24
Bedrooms 6
Construction Status Additions/Alterations
HOA Y/N No
Year Built 1938
Lot Size 6,372 Sqft
Property Description
Rare opportunity to acquire a legacy income property in coveted, irreplaceable Beverly Hills location. Charming & lovingly cared for multi-family asset in the heart of Beverly Hills, situated at the base of the Golden Triangle. Family owned for decades, this 2-story grand, Traditional building was originally constructed in 1938 and showcases true craftsmanship. The six apartment homes exude charm, character and warmth. Wonderful original details can be found throughout, including coved ceilings, crown moldings, stained-glass, French windows and golden oak hardwood flooring. The unit mix is comprised of (4) large 1-bedroom, 1-bathroom units, (1) studio and (1) 2-bedroom, 1-bathroom unit. Averaging nearly 1,000 SF per unit, the floor-plans are spacious, functional and efficient. Units feature grand living rooms, formal dining rooms, large bedrooms & bathrooms and an abundance of natural light. Just moments from Wilshire Blvd, Rodeo Drive, the finest shopping, dining & lifestyle destinations and Beverly Hills schools. Significant upside in rents allow for a value-add opportunity and ideal long-term investment. Additional details include a 4-car garage located at the rear of property, on-site laundry room, shared center courtyard with neighboring sister-building. Property is professionally managed. Inside with accepted offer only. Property is 100% occupied and is subject to rent control (Beverly Hills rent stabilization ordinance).
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Wall/Window Unit(s)
Flooring Carpet, Tile, Wood
Fireplaces Type Bath, Dining Room, Gas, Kitchen, Living Room
Fireplace Yes
Appliance Gas Cooktop, Disposal, Gas Oven, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
View Y/N No
View None
Roof Type Composition,Shingle
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Faces West
Story 2
Entry Level Two
Sewer Other
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Construction Status Additions/Alterations
Schools
School District Beverly Hills Unified
Others
Senior Community No
Tax ID 4328026012
Security Features Smoke Detector(s)
Financing Cash
Special Listing Condition Standard
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Bought with Clodia Esfandi • Christie's AKG
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "