9561 W Olympic Blvd, Beverly Hills, CA 90212

9561 W Olympic Blvd, Beverly Hills, CA 90212

Beverly Hills, CA

Property Description

PORTFOLIO SALE WITH 9912 & 9916 DURANT DRIVE, BEVERLY HILLS. .. We are pleased to present a remarkable opportunity to acquire a portfolio of prime multifamily real estate in the highly sought-after City of Beverly Hills. This offering comprises three buildings, strategically located in incredible pockets of Beverly Hills. Each property also holds potential to build additional ADUs (buyer to verify) With a total of 16 units, this portfolio represents a unique chance to own a significant stake in one of the most desirable areas in Los Angeles. Situated on a large corner lot on Olympic Blvd and Camden Drive, this stunning 8-unit courtyard property was built in 1955 and is comprised of 2+2 and 3+2 units. . This mid-century gem offers a harmonious blend of timeless elegance and modern upgrades. The property features copper plumbing throughout in addition to new in-unit water heaters, and 7 of 8 units have been renovated (8th unit to be delivered vacant). It also provides ample tuck-under parking, and the soft-story retrofit has already been completed. The spacious units within 9561 Olympic Blvd average approximately 1,500 square feet each, providing residents with generous living spaces. Features include large living rooms, formal dining rooms, and crown moldings. The recent updates to the property include new stainless steel kitchen appliances, in-unit washers/dryers and renovated bathrooms. There’s also a potential to build (2) ADUs in the tuck-under parking area (Buyer to verify).

Property Features

  • Sale Price: $5,050,000
  • Area Size: 11,772 Sq. Ft.
  • Land Area: 8,400 Sq. Ft.
  • Year Built: 1955
  • Listing Date: 5/19/2023
  • Closing Date: 8/9/2023
  • Units: 8
  • Current GRM: 17.51
  • Current Cap Rate: 3.53%
  • Price Per Unit: $800,000
  • Market GRM: 13.75
  • Market Cap Rate: 4.99%
  • Current NOI: $226,031

Lyon Stahl Investment Real Estate

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