• 425 Shirley Place Beverly Hills, CA 90212

  • $3,700,000
  • 10
    Bed(s)
  • 0
    Baths
  • 5,999
    Sq Ft
  • 6879
    Sqft
  • Listed By: Eliyahu Appel, Marcus & Millichap, DRE #01918652
  • Source: CRMLS

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property's architectural significance shines through the series of elegant white pillars at its front doorstep. This New Orleans style apartment building exudes period specific charm such as huge French doors opening to a spacious Southern style private porch overlooking lush landscaping. The building features a very strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units, and three (3) studio ADUs. The studio ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6,877 square feet and sits on a 5,999 square foot lot that is BHR4YY zoned.The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park, and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartments provide an experienced investor a once-in-a-century opportunity to capitalize on an A+++ location with extreme value add potential.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 10

Bathroom Information

Total Baths: 8

Full Baths: 0

Half Baths: 0

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Natural Gas

Has Heating

Building Information

Year Built: 1939

Building Area Total: 5,999

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1579

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 6879

Listing Price Information

Original List Price: 3,700,000

Listing Contract Date: 2023-11-27

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4330001010

Garage and Parking

Garage Description: Covered

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C01 - Beverly Hills

Postal Code Plus 4: 4128

Directions: West of Roxbury Park

Zoning: BHR4YY

Source Property Type: Residential Income

Area: C01 - Beverly Hills

Building and Construction

Property Age: 85

Year Built Source: Vendor Enhanced

Total Square Feet Living: 5999

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
137 S Crescent Drive #5, Beverly Hills, CA,90212 $2,195 -- 1 650 6070 Sqft
502 Smithwood Drive, Beverly Hills, CA,90212 $3,995,000 8 -- 6,740 7201 Sqft
450 S Maple Drive #404, Beverly Hills, CA,90212 $1,385,000 2 3 1,753 18270 Sqft
261 S Reeves Drive #203, Beverly Hills, CA,90212 $1,475,000 2 2 1,572 23828 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

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ByOwner last updated this listing 05/05/2024 @ 10:23

MLS: 23334857
LISTED BY: Eliyahu Appel, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1%
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.

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