405-411 1/2 Shirley Pl - Apartments FOR SALE


Beverly Hills, CA 90212
$7,000,000 USD
310-435-3926
405-411 1/2 Shirley Pl, Beverly Hills, CA for Sale
$7,000,000 USD
Apartments - FOR SALE
1/27
null | 3.85% Cap Rate

405-411 1/2 Shirley Pl
Beverly Hills, CA 90212


HIGHLIGHTS

  • Large Units: 2 Bedroom / 2 Bathroom averaging ± 1,300 SF
  • Significant ± 40% rental upside with upgraded units, demonstrating strong rent growth
  • Newly constructed (2025) carport at rear featuring individual covered parking spaces
  • On-site coin-operated laundry (machines owned by seller)
  • Upside in NOI through implementation of RUBS (none currently implemented)
  • The property is not subject to the City of L.A.’s ULA transfer tax, enhancing its investment appeal.

OVERVIEW

11-UNIT PRIDE OF OWNERSHIP APARTMENT COMPLEX: Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units averaging nearly 1,300 SF, along with one (1) fully renovated standalone studio unit. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates. This offering presents a compelling value-add opportunity, with a proven business plan already in motion and five units partially or fully updated as they turned over through natural attrition. The renovated units have achieved rental premiums of up to 95%, validating the upside potential to increase income across the board. A new owner can continue to unlock a greater than 40% increase in NOI, offering both immediate cash flow growth and long-term value creation.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$533 USD /SF

# OF UNITS

11

PRICE/UNIT

$636,364

CAP RATE

3.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,835 SF

ZONING

BHR4YY

APN/PARCEL ID

4330-001-007

ASK ABOUT THIS PROPERTY

Jordan RubinsteinCentury Park Realty, Inc.More Info
310-435-3926

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Jordan RubinsteinCentury Park Realty, Inc.More Info
310-435-3926

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