132 S Clark Dr - Apartments FOR SALE


Los Angeles, CA 90048- Beverly Grove
$5,195,000 USD
424-239-5903
132 S Clark Dr, Los Angeles, CA for Sale
$5,195,000 USD
Apartments - FOR SALE
1/22
null | 4.42% Cap Rate

132 S Clark Dr
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • Prime Rental Location in the prestigious Beverly Grove neighborhood, on the cusp of Beverly Hills 02
  • LARSO-exempt (built 1985) — Located in LA City limits with West Hollywood mailing address
  • Gated parking and secure entry system with semi-subterranean assigned spaces
  • Premium finishes with vaulted ceilings, loft spaces and private balconies
  • First-time offering—legacy ownership, never sold since construction
  • Walker's Paradise rating with exceptional access to shopping, dining, and entertainment

OVERVIEW

15-unit multifamily building originally constructed in 1985 and well maintained under long-term legacy ownership. Comprising approximately 10,792 square feet of building area on a 6,096 SF lot, the three-story structure offers a favorable unit mix consisting of 12 studio with one-bath units and 3 one-bed with one-bath units. 4 studios and 1 one-bed unit feature double height ceilings and additional loft space. Building amenities cater to a premium lifestyle, including gated, semi-subterranean assigned parking, secure access entry system, private balconies, on-site laundry, elevator, and unbeatable walkability. Crucially, the 1985 construction date ensures the property is exempt from Los Angeles City Rent Stabilization Ordinance (RSO). The building is master metered for utilities; however, management has implemented a ratio utility billing system (RUBS) to reduce expenses.

FOR SALE DETAILS

PRICE

$5,195,000 USD

PRICE/SF

$413 USD /SF

# OF UNITS

15

PRICE/UNIT

$346,333

CAP RATE

4.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,110 SF

ZONING

LAR3

APN/PARCEL ID

4334-001-035

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

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Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.