337 N Palm Dr - Apartments FOR SALE


Beverly Hills, CA 90210
$5,800,000 USD
310-470-8963
337 N Palm Dr, Beverly Hills, CA for Sale
$5,800,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

337 N Palm Dr
Beverly Hills, CA 90210


HIGHLIGHTS

  • OPEN HOUSE: Wednesday, July 22 | 11:00 AM – 2:00 PM
  • Phenomenal Beverly Hills location nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center
  • Can be purchased with adjacent property: 8 units (335 N. Palm)
  • Development potential: Total combined lot size of 15,751 square feet with adjacent property at 335 N. Palm
  • Charming building with great curb appeal; situated on a beautiful tree-lined street, one building north of West 3rd Street
  • Coveted Beverly Hills School District with A ranked schools (niche.com)

OVERVIEW

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 337 N. Palm Drive, 10 charming units for sale in a phenomenal Beverly Hills location. Located on North Palm Drive, one of Beverly Hills’ best streets, the property is nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center, and is surrounded by a mix of high-end retail, hotel, and luxury residential areas. 337 N. Palm can be purchased with the adjacent 8-unit property at 335 N. Palm Drive. An investor can purchase the two properties as existing 18 units or potentially develop the total combined lot: 15,751 square feet. 337 N. Palm is a classic Beverly Hills building with great curb appeal and thoughtful details. This well-maintained property features bright and airy units with lots of natural light. Units have wood-style laminate plank flooring in the living/bedrooms (some), separate dining room with recessed lighting, updated kitchens with granite counters (8 out of 10), ample storage and mirrored closets. Community amenities include gated entry, community patio with seating, on-site laundry facilities, and 14 parking spaces. Seismic Retrofitting Work Completed and the SB 721 Elevated Elements Inspection Passed and In Compliance. The property offers an investor the opportunity to purchase a pride-of-ownership property in Beverly Hills with rental upside.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

10

PRICE/UNIT

$580,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units | Prime Beverly Hills | Rent Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,871 SF

ZONING

BHR4YY

APN/PARCEL ID

4342-005-012

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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