9912 & 9916 Durant Dr, Beverly Hills, CA 90212

9912 & 9916 Durant Dr, Beverly Hills, CA 90212

Beverly Hills, CA

Property Description

TO BE SOLD WITH ADJACENT PROPERTY 9912 DURANT DR. PORTFOLIO SALE WITH 9561 OLYMPIC BLVD, 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. Comprising two side-by-side 4-unit buildings, 9912 & 9916 Durant Drive presents an enchanting investment opportunity in an esteemed Beverly Hills locale. Built in 1937, the charming property showcases timeless architectural design, exuding a sense of classic elegance. The two 4-plexes share a picturesque courtyard with 50% townhome-style units, offering spacious floor plans of2+2 to 3+3 configurations. With an average unit size of approximately 1,500 square feet, the units boast hardwood floors, faux fireplaces, and formal dining rooms. Additionally, half of the units have been tastefully renovated with central A/C and heat, and each unit features its own in-unit washer/dryer. Approximately 80% of the property has been re-piped with copper plumbing. There’s also a potential to build (2) ADUs above the existing carports (Buyer to verify). Located in one of Beverly Hills’ most coveted areas, 9912-18 Durant offers unparalleled convenience. Residents can easily access iconic destinations such as the The Peninsula Hotel, LACountry Club, Westfield Century City, Rodeo Drive, Beverly Hills High School and more.

Property Features

  • Sale Price: $5,600,000
  • Year Built: 1937
  • Listing Date: 5/19/2023
  • Closing Date: 8/3/2023
  • Units: 8 (Two 4-Plex)
  • Current GRM: 20.95
  • Current Cap Rate: 2.88%
  • Price Per Unit: $825,000
  • Market GRM: 14.18
  • Market Cap Rate: 5.09%
  • Current NOI: $189,832

Lyon Stahl Investment Real Estate

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