Vincent Norris
Vincent B Norris, Inc.
818-615-1600
Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the years, such as a new roof and completely replacing the plumbing with copper pipes. By taking advantage of the premium rental rates typically associated with character-style buildings in Beverly Hills, this presents a rare opportunity to start benefiting from increased returns right from day one. This property is located in a highly sought-after rental submarket that is in need of renovated units, making it an exceptional investment opportunity. Nestled in an enclave of luxury, 141 South Canon Drive enjoys a prime location just south of Wilshire Boulevard in Beverly Hills and one block away from the famed South Beverly Drive, providing residents with access to an array of upscale boutiques, fine dining establishments, and cultural attractions within walking distance of the prestigious Golden Triangle shopping district. Its strategic positioning near major employment hubs such as the Wilshire Corridor and Century City offers professionals convenient access to diverse job opportunities in finance, law, entertainment, and technology, making it an enticing destination for those seeking a vibrant urban lifestyle coupled with proximity to their workplace.
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Water Source : Public
Sewer : Unknown
Year Built: 1938
Building Area Total: 5,468
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1394
Lot Size Source: Public Records
Lot Size Square Feet: 6072
Original List Price: 3,550,000
Listing Contract Date: 2024-05-07
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4331001008
Garage Description: Detached Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C01 - Beverly Hills
Directions: Turn left onto Wilshire Boulevard, turn right onto South Beverly Glen Blvd, Turn left onto West Olympic Blvd, Turn left onto South Canon Drive.
Zoning: BHR4*
Source Property Type: Residential Income
Area: C01 - Beverly Hills
Property SubType: Apartment
Property Age: 86
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Public Records
Entry Level: 1
Entry Location: Walk Up
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
502 Smithwood Drive, Beverly Hills, CA,90212 | $3,699,000 | 8 | -- | 6,740 | 7201 Sqft |
425 Shirley Place, Beverly Hills, CA,90212 | $3,700,000 | 10 | -- | 5,999 | 6879 Sqft |
1243 Beverly Green Drive, Beverly Hills, CA,90212 | $5,295,000 | 4 | 4 | 3,486 | 9827 Sqft |
120 S Palm Drive #203, Beverly Hills, CA,90212 | $1,350,000 | 2 | 2 | 1,728 | 11601 Sqft |
132 S Crescent Drive #401, Beverly Hills, CA,90212 | $2,450,000 | 3 | 4 | 2,365 | 11894 Sqft |
140 S Oakhurst Drive #303, Beverly Hills, CA,90212 | $1,565,000 | 2 | 2 | 1,767 | 11864 Sqft |
264 S Palm Drive, Beverly Hills, CA,90212 | $3,200,000 | 4 | 2 | 2,740 | 6070 Sqft |
268 S Lasky Drive #105, Beverly Hills, CA,90212 | $1,525,000 | 2 | 2 | 2,025 | 19791 Sqft |
442 S Peck Drive, Beverly Hills, CA,90212 | $4,495,000 | 5 | 4 | 3,710 | 6376 Sqft |
201 S Roxbury Drive, Beverly Hills, CA,90212 | $4,495,000 | 3 | 4 | 3,168 | 7018 Sqft |
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ByOwner last updated this listing 06/02/2024 @ 09:29
MLS: SR24091815
LISTED BY: Vincent Norris, Vincent B Norris, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.