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412 N Oakhurst Drive, Beverly Hills, CA 90210

412 Oakhurst Drive, Beverly Hills, CA 90210
$14,000,000

Description

412 N Oakhurst Dr is a 15-unit apartment building located in the heart of Beverly Hills offering the opportunity to own a legacy/generational asset with over 30% upside in rental income in a high demand rental market. Conveniently located just a few short blocks Santa Monica Blvd, Wilshire Blvd, and Rodeo Dr, and less than one mile from the famed Golden Triangle and Restaurant Row in Beverly Hills, tenants can easily access all the Beverly Hills and the LA Metro area have to offer. The 19,612 sq ft building sits on a 15,397 sq ft lot and boasts a strong unit mix of three (3) 1 bed/1.5 bath with den, nine (9) 2 bed/2 bath, and three (3) two bed/2 bath with den units. Constructed in 1974 by the current owner, the property was built with longevity in mind. A plumber by trade, the owner outfitted the property with high-quality copper plumbing. A new white roof was installed less than 10 years ago, and much of the sewer lines have recently been replaced. Each spacious unit is equipped with central air, a gas fireplace, and washer/dryer hookups. Each unit has two dedicated parking spots with storage in a large secured garage. A private courtyard adorns the center of the building for residents to enjoy. Beverly Hills median home sales prices have increased over 92% since January 2015*, making it more difficult than ever for homeownership and ensuring a continued strong rental market. With overall rent increases following a similar trajectory over the same time period, multifamily assets in this area will see continued appreciation over the years.

* https://www.zillow.com/beverlyhills-ca/home-values/

Property Downloads

  • City: Beverly Hills
  • State/county: CA
  • Country: United States

Detail

Updated on February 28, 2020 at 9:00 am

  • Price: $14,000,000
  • List Date: 2/25/2020
  • Property Size: 19,612 Sq Ft
  • Land Area: 15,397 Sq Ft
  • Year Built: 1974
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 15
  • Price per Unit: $933,333

Contact info

Daniel Shieh
Daniel Shieh
(323) 825-5484(310) 990-2131
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