Thank you
Eliyahu Appel
Marcus & Millichap
818-212-2700
Price Adjustment $50,000. We are pleased to present the exclusive listing of 159 North Arnaz Drive. Built in 1933, a beautiful well-maintained duplex located in prime Beverly Hills. Comprised of two spacious three-bedroom, two-bathroom units, with a total 4,089 rentable square feet sitting on a 6,489 square foot lot. The property boasts beautiful period charm with archways, crown moldings and the original aqua & black Art Deco tile in the primary bathrooms, enhancing its aesthetic appeal and attracting tenants who appreciate classic architecture. These architectural details add a touch of elegance and sophistication to the property, potentially commanding higher rental rates. The front of the property has beautiful xeriscaping providing minimal maintenance and significantly lower utility expenses. Featuring replaces, modern kitchen amenities and in unit laundry facilities provide convenience and added value for tenants. Beautiful hardwood floors add warmth and character to the units while also offering durability and easy maintenance Each unit comes with 2-car garage parking, one of which has a new garage door opener, adding secure and convenient parking options for tenants. The upper unit front and back stairs have been renovated as well as plumbing in the guest bathrooms for each unit. The upper unit has a den above the driveway. From a financial perspective, this property offers a compelling proposition. The property's spacious three-bedroom units, period charm, and modern amenities make it highly desirable among renters, commanding premium rental rates or a wonderful opportunity for an owner/user. With strong demand for premium rental properties in Beverly Hills, investors can expect a steady stream of rental income. Beverly Hills is known for its high demand for quality housing, reducing the risk of vacancies and ensuring a steady income stream for investors. In addition to the appealing features, there are opportunities for value-add initiatives such as cosmetic upgrades, landscaping improvements, and adding amenities to further enhance the property's value and rental income potential. Located on Arnaz Dr, a street with a historic designation in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills. Buyer to verify information independently and with listing broker.
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Total Bedrooms : 6
Total Baths: 4
Full Baths: 0
Half Baths: 0
Flooring: Wood
Forced Air
Has Heating
Year Built: 1933
Building Area Total: 4,089
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.149
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6491
Original List Price: 2,645,000
Listing Contract Date: 2024-04-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4334008032
Garage Description: Covered,Driveway
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C01 - Beverly Hills
Postal Code Plus 4: 2114
Directions: Off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard.
Zoning: BHR4YY
Source Property Type: Residential Income
Area: C01 - Beverly Hills
Property Age: 91
Year Built Source: Vendor Enhanced
Total Square Feet Living: 4089
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
9001 Dayton Way #C, Beverly Hills, CA,90211 | $1,799,000 | 3 | 2 | 2,480 | 19575 Sqft |
300 N Swall Drive #452, Beverly Hills, CA,90211 | $9,950 | 2 | 2 | 2,759 | 99725 Sqft |
200 N Swall Drive #454, Beverly Hills, CA,90211 | $1,450,000 | 2 | 2 | 1,463 | 96911 Sqft |
302 N La Peer Drive, Beverly Hills, CA,90211 | $4,070,000 | 6 | -- | 6,724 | 8589 Sqft |
470 S Wetherly Drive, Beverly Hills, CA,90211 | $2,198,000 | 2 | 1 | 1,220 | 4796 Sqft |
123 N Doheny Drive, Beverly Hills, CA,90211 | $5,188,000 | 5 | 5 | 4,446 | 7007 Sqft |
121 N Almont Drive #301, Beverly Hills, CA,90211 | $1,475,000 | 2 | 2 | 1,725 | 16642 Sqft |
159 N Le Doux Road, Beverly Hills, CA,90211 | $3,299,000 | 3 | 4 | 3,092 | 6504 Sqft |
129 N Le Doux Road, Beverly Hills, CA,90211 | $3,495,000 | 4 | 5 | 3,954 | 6498 Sqft |
163 N Clark Drive, Beverly Hills, CA,90211 | $3,410,000 | 4 | -- | 5,040 | 5754 Sqft |
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ByOwner last updated this listing 05/15/2024 @ 10:55
MLS: 24375109
LISTED BY: Eliyahu Appel, Marcus & Millichap
SOURCE: CRMLS
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.