OPEN HOUSE: Wednesday, July 22 | 11:00 AM – 2:00 PM
Property Website: https://properties.berkadia.com/beverly-hills-90210-palm-drive-portfolio-492660/
Berkadia is excited to exclusively offer an exciting redevelopment opportunity in a phenomenal Beverly Hills location. This double lot is comprised of 18 total units on two adjacent properties on Palm Drive: 8 units (335 N. Palm) and 10 units (337 N. Palm) with development potential (Total combined lot size of 15,751 square feet). Nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center, the properties are surrounded by a mix of high-end retail, hotel, and luxury residential areas.
The existing buildings are charming with great curb appeal and feature bright airy units with thoughtful details. Some kitchens have been renovated, and six out of 10 units are to be delivered vacant at 337 N. Palm. The properties offer an investor the opportunity to purchase existing, income-producing properties in Beverly Hills with rental upside and development potential. These two properties can be purchased together or individually.