144 N Clark Dr - Apartments FOR SALE


Beverly Hills, CA 90211
$3,995,000 USD
310-300-2838
144 N Clark Dr, Beverly Hills, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/25
null | 5% Cap Rate

144 N Clark Dr
Beverly Hills, CA 90211


HIGHLIGHTS

  • Five Units are Fully Renovated | Two Fully Furnished Units
  • Four Units Feature In-Unit Washer and Dryer
  • Strong CAP Rate / Pro Forma: 5.00% / 7.42%
  • Prime Beverly Hills Submarket | Trophy Asset
  • Attractive Price Per Unit: $499,375/Unit | 5 Parking Spaces
  • Over $500,000 Spent in Renovations & Improvements in 2025

OVERVIEW

144 N. Clark Drive is a rare opportunity to acquire a fully repositioned 8-unit multifamily asset located in the heart of Beverly Hills’ most desirable residential enclave. Situated on a quiet, tree-lined street just moments from Beverly Drive, Wilshire Boulevard, and Rodeo Drive, the property benefits from exceptional walkability, premier tenant demand, and long-term value stability synonymous with this A+ submarket. The property consists of 8 units totaling approximately 5,840 square feet on a 6,298 square-foot lot, offering a balanced mix of size, density, and livability that appeals to high-quality renters seeking proximity to Beverly Hills’ luxury retail, dining, and employment centers. Current ownership has invested over $500,000 in comprehensive renovations across 5 of the 8 units, completing full, high-quality interior upgrades rather than cosmetic improvements. Renovations include modern finishes, upgraded kitchens and bathrooms, updated flooring, fixtures, and systems, with four of the units featuring in-unit washer and dryer. These improvements position the majority of the property at or near top-of market rental standards for the area. Importantly, three units remain significantly below market, providing a clear and achievable value-add opportunity for a new owner through natural tenant turnover and subsequent renovation. The property offers an attractive blend of stable in-place income with meaningful future upside, making it well suited for both cash-flow-oriented and value-add investors. At current operations, the asset delivers a strong 5.00% capitalization rate, underscoring the durability of the existing income stream in an A+ Beverly Hills location. As the remaining three unrenovated units are repositioned to market levels, the investment is projected to achieve a 7.42% pro forma cap rate, providing substantial yield expansion without the need for additional density or development risk, while already offering a strong return of a 5.00% CAP rate on the current. The property is offered at a 14.08 gross rent multiplier, further supporting its favorable pricing relative to location and quality. The asset is comprised of an 8-unit multifamily building, featuring eight one bedroom, one bathroom units, totaling approximately 5,840 square feet of rentable building area situated on a 6,298 square-foot lot. The property also includes on-site parking, an important amenity in Beverly Hills that enhances tenant demand and long-term value. A Buyer can also potentially add value by building ADU's in the rear!

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$684 USD /SF

# OF UNITS

8

PRICE/UNIT

$499,375

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,290 SF

ZONING

BHR4YY

APN/PARCEL ID

4334-004-038

ASK ABOUT THIS PROPERTY

Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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