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Eliyahu Appel
Marcus & Millichap
818-212-2700
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.
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Total Bedrooms : 10
Total Baths: 8
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Natural Gas
Has Heating
Year Built: 1939
Building Area Total: 5,999
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1579
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6879
Original List Price: 3,700,000
Listing Contract Date: 2023-11-27
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4330001010
Garage Description: Covered
Lease Term: Negotiable
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
Property Age: 85
Year Built Source: Vendor Enhanced
Total Square Feet Living: 5999
Levels or Stories: Two
Building Total Stories: 2
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.