447 S Palm Dr - Apartments FOR SALE


Beverly Hills, CA 90212
$3,595,000 USD
818-943-2319
447 S Palm Dr, Beverly Hills, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/26
null | 3.91% Cap Rate

447 S Palm Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Attractive Assumable Financing at 3% Interest Only! Fixed Till Nov 2031
  • Unit mix consisting of two (2) 1+1, three (3) 2+2, and one (1) 3+2 unit with private deck
  • Three Bedroom Unit to be delivered vacant for an excellent owner/user opportunity
  • Approximately 6,756 square feet of rentable area situated on a 6,078 square foot lot
  • Prime location within close proximity to world-class retail and dining along Rodeo Drive and Wilshire Boulevard

OVERVIEW

The Sterman Multifamily Group of Marcus & Millichap is pleased to present 447 S Palm Drive, a six-unit apartment property located in the prestigious Beverly Hills submarket. Built in 1954, the property sits on an approximately 6,078 square foot lot and offers roughly 6,756 square feet of rentable space. The unit mix consists of two (2) one-bedroom/one-bath units, three (3) two-bedroom/two-bath units, and one (1) three-bedroom/two-bath unit with a private deck. The three-bedroom unit will be delivered vacant, providing an excellent owner/user. Attractive Assumable Financing at 3% Interest Only! Fixed Till Nov 2031, complemented by a prime Beverly Hills location with immediate access to world-class retail and dining along Rodeo Drive and Wilshire Boulevard, convenient connectivity to Century City, West Hollywood, and the greater Westside, and excellent access to the I-10 and I-405 freeways. With its premier location, desirable unit mix, and strong long-term fundamentals, 447 S Palm Drive presents a compelling investment opportunity in one of Los Angeles’ most sought-after and supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

6

PRICE/UNIT

$599,167

CAP RATE

3.91%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,078 SF

ZONING

BHR4YY

APN/PARCEL ID

4332-001-011

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-943-2319

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Michael StermanMarcus & MillichapMore Info
818-943-2319

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