215 N Swall Dr - Apartments FOR SALE


Beverly Hills, CA 90211
$2,900,000 USD
818-292-3175
215 N Swall Dr, Beverly Hills, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/7
null | 1.98% Cap Rate

215 N Swall Dr
Beverly Hills, CA 90211


OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 215 N Swall Drive, a charming 5,226 square foot, 5-unit apartment building situated on 0.13 acres of land (5,744 SF), ideally located just east of the Golden Triangle in the affluent Los Angeles submarket of Beverly Hills, CA. 215 N Swall Drive’s five (5) units are currently 100% occupied by tenants paying below market rents, creating a value-add opportunity as tenants turnover. Combined, the property brings in a rent of $112,982.28 annually or $9,415.19 monthly, an average of $1,883.04/unit and $1.80/SF. The property is made up completely of spacious one bedroom, one-bathroom units averaging 1,045 SF per unit spread across two floors. Of the five units, four are laid out with a bedroom, bathroom, laundry, dining area, and living room with access from both the front and back of the property. The living or dining areas could be converted or used as an additional bathroom. The remaining unit, also a spacious 1,000 SF unit comes with a large second floor balcony. All the units are separately metered for gas and power, with water master metered and have access to secured parking in the rear via an alley. The property is equipped with five parking spaces or 1 parking space per unit.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

5

PRICE/UNIT

$580,000

CAP RATE

1.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,746 SF

ZONING

BHR4YY

APN/PARCEL ID

4335-021-008

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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