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.