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Key Details
Sold Price $3,985,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,052 sqft
Price per Sqft $565
MLS Listing ID 23334845
Sold Date 03/15/24
Bedrooms 8
HOA Y/N No
Year Built 1931
Lot Size 6,372 Sqft
Property Description
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of an eight (8) unit charming, well-maintained Mediterranean Style apartment building at 140 S Camden Drive, a world-class location, steps from the renowned Golden Triangle of Beverly Hill. . The offering is enviably situated next to Rodeo Drive, a few doors south of Wilshire Blvd and just West of South Beverly Drive. The building is located only a half block north of multi-million dollar homes. Built in 1931, the South Camden Drive Apartments have been well-maintained by the same ownership for over 50 years. The building features a desirable unit mix consisting of eight (8) large 1 bed / 1 bath units. This Mediterranean style apartment building boasts large French Window Doors, gorgeous wood beamed ceilings, extra wide hallways featuring beautiful wood wainscoting, bright stucco walls & modern amenities like on-site washer / dryer. Each unit comes with its own decorative fireplace, dishwasher, kitchen, refrigerator, some with a private balcony. Tenants also will enjoy the covered parking spaces. The total size of the building is approximately 7,052 square feet and sits on a 6,370 square foot lot that is BHR4YY zoned. The offering is nestled within the heart of Beverly Hills, just south of the famed Rodeo Drive Mall and retail corridor. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district and featuring close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from South Camden Drive. WalkScore of 96 out of 100 Easy access to Major Employers, Restaurants, and Lifestyle Amenities. Highly Affluent Sub-Market: Within Minutes to World Class Dining, Shopping and Entertainment. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like Wilshire and Olympic Boulevards. The South Camden Drive Apartments provide an experienced investor a once-in-a-century opportunity to capitalize on a world-famous located asset with strong in-place cash flow with added upside.
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplaces Type Decorative
Fireplace Yes
Appliance Dishwasher, Refrigerator
Laundry Common Area
Exterior
Garage Covered
Parking Type Covered
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Architectural Style Mediterranean
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4328027006
Special Listing Condition Standard
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Bought with Jeffrey Louks • Marcus & Millichap