344 S Doheny Dr - Apartments FOR SALE


Beverly Hills, CA 90211
$2,895,000 USD
310-498-8820
344 S Doheny Dr, Beverly Hills, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/11
null | 3.96% Cap Rate

344 S Doheny Dr
Beverly Hills, CA 90211


HIGHLIGHTS

  • 4 Unit Apartment Building in Prime Beverly Hills: Excellent Unit Mix - (4) Huge 3BR/3 BTHS totaling 7,100 SF.
  • One Vacant Unit: Perfect for an owner user or to allow an investor to capture market rent. Unit comes with in-unit laundry
  • Ample Parking: The Property has 10 dedicated covered parking spaces.
  • Units are Separately Metered for Electricity and Gas and feature central A/C.
  • Well Managed and Maintained: Soft-story retrofit was completed in 2020, and a new roof was installed in 2019. New drainlines & water heater 2019/2021
  • Current property rents approximately 49% under market.

OVERVIEW

Contact Broker for OM Oakmore Inc. on behalf of ownership, are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in a classic multi family building at 344 S Doheny Dr, Beverly Hills, CA 90211 (the “Property”). The Property consists of 4 units totaling approximately ±7,100 SF on ±0.129 acre (±5,620 SF) parcels of land. The Property comprises 4 units: (3) spacious 3 bedroom 2 bath units, with one unit delivered vacant, perfect for an owner user or to allow an investor to capture market rent. Income figures assume the vacant unit at $5,500/month. The Property offers four oversized, light-filled units with open, flexible floor plans. And all units are separately metered for gas and electricity, and feature central A/C, and the building provides 10 parking spaces plus community laundry. Ownership has managed and maintained the Property exceptionally. Recently, a soft-story retrofit was completed in 2020, and a new roof was installed in 2019. Moreover, new drainlines and the water heater were installed in 2019 and 2021, respectively. Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Beverly Hills location. Attractively offered at $2,895,000, 344 S Doheny Dr. is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. With strong upside in the three leased units, this is an exceptional value-add property and promises unparalleled potential and long-term appreciation. Don't miss this exclusive opportunity.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

4

PRICE/UNIT

$723,750

CAP RATE

3.96%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huge 4 Unit | All 3BRs/2BTHs | 1 Unit Vacant

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

BHR4YY

APN/PARCEL ID

4331-025-023

ASK ABOUT THIS PROPERTY

Jeff SelickOakmore IncMore Info
310-498-8820

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Jeff SelickOakmore IncMore Info
310-498-8820

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