245 N Almont Dr - Apartments FOR SALE


Beverly Hills, CA 90211
$5,499,000 USD
310-344-8218
245 N Almont Dr, Beverly Hills, CA for Sale
$5,499,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

245 N Almont Dr
Beverly Hills, CA 90211


HIGHLIGHTS

  • Rare Opportunity - Only 2 Multifamily buildings have traded in the 90211 in the past year.
  • LARGE units - 8 large units spread out over almost 12,000 sq. ft.
  • Renters' Paradise - Secured "lobby" building over an on-grade parking structure. Hardwood floors, granite countertops & A/C.
  • Appreciation trends, here, consistently outperform other LA submarkets.
  • 30% ORGANIC UPSIDE IN RENT!

OVERVIEW

8 LARGE units in World Famous Beverly Hills. A classic mid-century, 60's income property in a beautiful, always in- demand Beverly Hills location. This secured-access, lobby building has slightly below-grade, secured parking, an elevator and additional carport parking in rear. The building has been well-maintained by conscientious, local ownership and management. And, the units have AC also -- a rare find in the Westside. A solid, blue-chip investment option for a value investor wanting steady yield and guaranteed capital appreciation in one of the most sought-after investment markets in the world.

FOR SALE DETAILS

PRICE

$5,499,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

8

PRICE/UNIT

$687,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1963

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,728 SF

ZONING

R4, Beverly Hills

APN/PARCEL ID

4335-023-003

ASK ABOUT THIS PROPERTY

310-344-8218

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310-344-8218

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