Thank you
Eliyahu Appel
Marcus & Millichap
818-212-2700
Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU's equaling 16-units) are built and rented. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit multifamily building built in 1930 comprised of four one-bedroom, one-bathroom units, including one currently vacant, and four single studio units, with an added bonus of Ready-To-Issue (RTI) permits for 2 one-bedroom, one-bathroom ADUs (Accessory Dwelling Units). This property features convenient master metering for utilities, simplifying management tasks. Each unit has upgraded floors and kitchen appliances. With on-site laundry facilities, residents enjoy added convenience, while investors benefit from an additional income stream. Located in the heart of Beverly Hills, residents have easy access to top-notch dining, shopping, and entertainment options, making it an attractive place to call home.From an investment standpoint, this property offers solid returns. With high demand for rentals in Beverly Hills, steady rental income is anticipated, coupled with the long-term value appreciation in this sought-after location. Buyer to verify information independently and with listing broker
Sell a home like this and save $204,101 Find Out How
Total Bedrooms : 4
Total Baths: 8
Full Baths: 0
Half Baths: 0
None
Air Conditioning
None
Has Heating
Year Built: 1930
Building Area Total: 5,040
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1321
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5754
Original List Price: 3,410,000
Listing Contract Date: 2024-02-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4335029045
Garage Description: Carport
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C01 - Beverly Hills
Postal Code Plus 4: 1734
Directions: North of Wilshire. West of Robertson
Zoning: BHR4YY
Source Property Type: Residential Income
Area: C01 - Beverly Hills
Property Age: 94
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5040
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 | $2,226,000 | 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 | $1,500,000 | 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 |
169 N Clark Drive, Beverly Hills, CA,90211 | $2,916,000 | 8 | -- | 5,540 | 5752 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/04/2024 @ 03:49
MLS: 24365779
LISTED BY: Eliyahu Appel, Marcus & Millichap
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.