213-305-9026
320 S Arnaz Dr, Los Angeles, CA for Sale
Apartments - FOR SALE
1/3
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320 S Arnaz Dr
Los Angeles, CA 90048
Beverly Grove


HIGHLIGHTS

  • 48-Unit, NON-RSO (AB-1482) multifamily investment - Built in 1984 with 33,462 SF improvements
  • A+ LOCATION: Two blocks to Beverly Hills and Cedars-Sinai
  • PROVEN UNIT COMPOSITION: 48 large open-floor plan studios w/ private balconies, optionality for conversion
  • VALUE OPPORTUNITY: Potential common-area and interior unit upgrades via renovation, package service, smart technology, EV charging stations, etc.
  • AMNEITIES: Gated parking with 48 secured spaces, elevator, controlled access, laundry and video monitoring system
  • PREMIER UNITS: Open floor plans, stainless steel appliances, wood-style flooring, air conditioning and large balconies with views

OVERVIEW

THE OFFERING: 48-unit, Non-RSO (AB1482) multifamily investment located in a proven high-rent, limited supply environment adjacent to Beverly Hills, Cedars Sinai, Robertson Blvd., Los Angeles’ most desirable rental neighborhoods. Built in 1984 on a 17,572 SF parcel with 33,462 SF of improvements, the offering features a highly efficient and market-proven studio unit mix. VALUE & ENHANCEMENTS POTENTIAL: The current maximum allowable rent is $3,180/mo, which is significantly higher than current rents, which average under $2,100/mo. Many paths exist for cash flow enhancement via common-area and unit renovations, smart technology, package management, parking or storage drivers, and operational efficiencies. WORLD FAMOUS DESTINATION: The Golden Triangle is just 0.9 miles away and is considered one of the highest-rent retail and residential corridors. WALKABILITY DRIVES RENT PREMIUMS: With immediate access to shopping, dining, cafes, and daily conveniences, the offering is a true walk-to everything lifestyle. Walkability remains one of the strongest drivers of rental premiums in Los Angeles, directly supporting higher effective rents and reduced turnover. LIMITED RESIDENTIAL SUPPLY: This neighborhood is tightly built with minimal opportunity for new multifamily development. This constrained supply, paired with constant lifestyle-driven demand, creates sustained upward pressure on rents and long-term value. PLEASE CONTACT LISTING AGENTS for ADD'L INFORMATON and a PROPERTY TOUR

FOR SALE DETAILS

PRICE

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# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

48 Units - Beverly Hills Adj

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

4334-011-057

ASK ABOUT THIS PROPERTY

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213-305-9026

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213-305-9026

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