$3,775,000
$3,750,000
0.7%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
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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Bought with Coldwell Banker Realty
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