Beverly Hills, CA 90212,401 S Rodeo Dr
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Beverly Hills, CA 90212,401 S Rodeo Dr
Beverly Hills, CA 90212,401 S Rodeo Dr
Beverly Hills, CA 90212,401 S Rodeo Dr
Beverly Hills, CA 90212,401 S Rodeo Dr

$3,775,000

Est. payment /mo

$3,750,000

0.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

401 S Rodeo Dr Beverly Hills, CA 90212

11 Beds

10 Baths

6,638 SqFt

SOLD DATE : 07/30/2021

Key Details

Sold Price $3,775,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,638 sqft

Price per Sqft $568

MLS Listing ID 21-747498

Sold Date 07/30/21

Bedrooms 11

Year Built 1952

Lot Size 6,601 Sqft

Acres 0.1515

Property Sub-Type Multi-Family

Property Description

6 Unit located in Beverly HIlls, one of the most sought-after apartment markets in the country! // Ideal unit mix: (1) 3+2, (3) 2+2, (2) 1+1 currently at 19.02 GRM and 3.14% CAP. 1 two-bedroom unit will be delivered vacant at closing. // 8 covered parking + on-site laundry available for tenants. Property is not identified as soft-story - retrofitting not required (check w/ city) // South Rodeo Drive is also close to the Beverly Hills business district - one of the most coveted commercial real estate sub-markets in the country, and a prime area for office space, high-end retail, restaurant, and entertainment establishments. It's close distance to the hot and bustling corridor of South Beverly Drive. The property is situated just outside the Beverly Hills Triangle where demand for rental housing is consistently high and vacancies low, which has helped keep rental rents for space at a stable premium throughout the pandemic. The property benefits from its close proximity to a vibrant retail area as well as to premier dining establishments and luxury hotels. The building's preeminent location makes it an incredible investment opportunity with great upside! Proforma at 14.8 GRM and 4.5% CAP. // Do not disturb tenants and inside with accepted offers only.

Location

State CA

County Los Angeles

Area Beverly Hills

Zoning BHR4YY

Rooms

Other Rooms None

Interior

Heating Central, Other

Cooling Air Conditioning, Wall Unit(s)

Equipment Other

Exterior

Parking Features Garage, Covered Parking

Garage Spaces 8.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Coldwell Banker Realty
Bought with Coldwell Banker Realty
agent

Jo Vilaire

Global Real Estate Advisor | License ID: 02236279

+1(310) 717-6827

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