Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
Property Details
Price:
$5,800,000
MLS #:
24452575
Status:
Active
Baths:
0
Address:
318 N Oakhurst Drive
Type:
Residential Income
Neighborhood:
c01beverlyhills
City:
Beverly Hills
Listed Date:
Oct 14, 2024
State:
CA
ZIP:
90210
Lot Size:
7,497 sqft / 0.17 acres (approx)
Year Built:
1969
Schools
Interior
Appliances
Dishwasher, Refrigerator
Cooling
Central Air
Flooring
Laminate, Vinyl, Carpet
Heating
Central
Exterior
Parking Features
Direct Garage Access, Community Structure, Tandem Garage, Side by Side, Gated
Parking Spots
14.00
Pool Features
None
Security Features
Card/ Code Access
Spa Features
None
Stories Total
4
Financial
Tenant Pays
Electricity
Map
Contact Us
Mortgage Calculator
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Courtesy of Century Park Realty, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
318 N Oakhurst Drive
Beverly Hills, CA
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