Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner to use will be delivered vacant at closing. Significant (25%) upside in rents. 15.5 x Gross & 4.3% Cap with existing rents; 12.3 x Gross & 5.8% Cap with rents at market. Seller has spent over $300,000 in renovation in the past year. Priced at only $408/S.F. Seller is willing to offer concession.
Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S.F.) & 2/2 (1,500 S.F.). 2,500 S.F. Penthouse unit located on the 4th Floor suitable for owner to use will be delivered vacant at closing. Significant (25%) upside in rents. 15.5 x Gross & 4.3% Cap with existing rents; 12.3 x Gross & 5.8% Cap with rents at market. Seller has spent over $300,000 in renovation in the past year. Priced at only $408/S.F. Seller is willing to offer concession.
The median home value in Beverly Hills, CA is $3,525,600. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Beverly Hills, CA is $3,525,600. Approximately 35.16% of Beverly Hills homes are owned, compared to 49.17% rented, while 15.67% are vacant. Beverly Hills real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Beverly Hills real estate agent to arrange a tour today!
Beverly Hills, California 90210 has a population of 32,903. Beverly Hills 90210 is less family-centric than the surrounding county with 30.18% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Beverly Hills, California 90210 is $103,944. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Beverly Hills 90210 is 46.5 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 47.5 degrees. The average rainfall is approximately 15.7 inches per year, with 0 inches of snow per year.