9930 Durant Dr - Apartments FOR SALE


Beverly Hills, CA 90212 | 
$3,895,000 USD
310-968-5303
9930 Durant Dr, Beverly Hills, CA for Sale
$3,895,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

9930 Durant Dr
Beverly Hills, CA 90212


HIGHLIGHTS

  • Incredible A+++ Beverly Hills Locatio
  • First Time Ever for Sale: Being Sold by the Original Developer's Family
  • 8 units - 11,334 Square Feet: Large Units for the Area
  • New Main Electrical Panel, Elevator Modernization, Central HVAC, Newer Roof
  • Ample Parking - Soft Story Retrofit Completed
  • Near the Peninsula Hotel, Beverly Hills High School, the future One Beverly, Century City, Waldorf Astoria, Future Aman

OVERVIEW

We are pleased to present 9930 Durant Drive, a rare opportunity to acquire a trophy multifamily asset in one of the most coveted rental locations in Beverly Hills. Offered for sale for the first time since its construction in 1960 by the original family and priced considerably lower than replacement cost, this generational asset consists of 8 exceptionally large apartment homes totaling approximately 11,334 square feet on a premier residential street moments from world-class shopping, dining, employment centers, and luxury hospitality The property features an attractive unit mix of six spacious two-bedroom/two-bath units and two one-bedroom/one-bath units. Designed well ahead of its time, the residences offer expansive floor plans, abundant natural light, high ceilings, fireplaces, oversized bedrooms, generous kitchens, and private balconies. A particularly rare feature for an asset of this vintage is central heating and air conditioning throughout the units, providing a level of comfort typically associated with newer construction. Positioned within close proximity to Beverly Hills High School, The Peninsula Beverly Hills, Century City, and the transformative One Beverly Hills, the property benefits from one of the strongest rental submarkets in Southern California. The asset offers significant rental upside through the renovation and repositioning of units while preserving the property’s timeless architectural character. Further enhancing the investment profile, the building features ample on-site parking, a completed soft-story seismic retrofit, newer roof, upgraded main electrical panel, an elevator that has completed modernization, and an on-site laundry facility, minimizing future capital expenditure requirements. Combining irreplaceable location, substantial in-place square footage, large unit layouts, and meaningful value-add potential, 9930 Durant Drive represents an exceptionally rare Beverly Hills multifamily offering.

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$539 USD /SF

# OF UNITS

8

PRICE/UNIT

$486,875

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A+ Beverly Hills Location: 1st Time For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

R4YY, Beverly Hills

APN/PARCEL ID

4328-004-010

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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