152 S Peck Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$14,000,000 USD
152 S Peck Dr, Beverly Hills, CA for Sale
$14,000,000 USD
Apartments - FOR SALE
1/13
null | 4.4% Cap Rate

152 S Peck Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Significant (34%) upside in rents
  • 6.5% cap and 11.1 x gross with rents at market
  • Value-Add: approved plans with permits to convert the storage rooms to an 800± S.F. ADU with a potential rent of $3,500/mo

OVERVIEW

Prime Beverly Hills location one bock from Saks Fifth Avenue, Neiman Marcus, Beverly Wilshire, and Four Seasons Hotel. Walking distance to the shops and restaurants in the famous Beverly Hills Golden Triangle. Attractive Property with a grand lobby. Property was completely renovated with new plumbing, kitchens, and bathrooms. Value-Add: approved plans with permits to convert the storage rooms to an 800± S.F. ADU with a potential rent of $3,500/mo. Significant (34%) upside in rents. 6.5% cap and 11.1 x gross with rents at market

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$759 USD /SF

# OF UNITS

31

PRICE/UNIT

$451,613

CAP RATE

4.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adelon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4328-026-020

ASK ABOUT THIS PROPERTY

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