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Key Details
Sold Price $5,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,772 sqft
Price per Sqft $428
MLS Listing ID 23272013
Sold Date 08/09/23
Bedrooms 16
HOA Y/N No
Year Built 1955
Lot Size 8,398 Sqft
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 mostly copper plumbing throughout in addition to new in-unit water heaters, and 6 of 8 units have been renovated (one 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).
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Building
New Construction No
Others
Senior Community No
Tax ID 4328029016
Special Listing Condition Standard
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Bought with Jake Glaser • Lyon Stahl Investment Real Estate, Inc.