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$3,410,000
4 bed
5,040 Sqft
5,754 Sqft lot

163 N Clark Drive, Beverly Hills, California 90211

  • Residential Income Property Type
  • 56 Days Time on market
  • $677 Price per sqft
  • 1930 Year Built
Property Description

Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU’s equaling 16-units) are built and rented. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit multifamily building built in 1930 comprised of four one-bedroom, one-bathroom units, including one currently vacant, and four single studio units, with an added bonus of Ready-To-Issue (RTI) permits for 2 one-bedroom, one-bathroom ADUs (Accessory Dwelling Units). This property features convenient master metering for utilities, simplifying management tasks. Each unit has upgraded floors and kitchen appliances. With on-site laundry facilities, residents enjoy added convenience, while investors benefit from an additional income stream. Located in the heart of Beverly Hills, residents have easy access to top-notch dining, shopping, and entertainment options, making it an attractive place to call home.From an investment standpoint, this property offers solid returns. With high demand for rentals in Beverly Hills, steady rental income is anticipated, coupled with the long-term value appreciation in this sought-after location. Buyer to verify information independently and with listing broker

Basic Details
Residential Income
Buy
24365779
$3,410,000
4
5,040 Sqft
1930
5,754 Sqft
Active
Condos/Co-ops
Features
5
$0
Address
CA
Los Angeles
Beverly Hills
90211
163 N Clark Drive
163
Drive
0
W119° 36' 54''
N34° 4' 7.7''
N
Additional Information
56
2
2
8
: Two
1
5,040 Sqft
0 Sqft
0 Sqft
0.13 Sqft
5,754 Sqft
1
0 Sqft
BHR4YY
4335029045
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
11/03/2024 10:23:17
$3,605,000
: Standard
North of Wilshire. West of Robertson
Destrahan
Harry Hurst
Marcus & Millichap
Eliyahu Appel
CLW-X75151
CLW-C121090
$0
3
1
1
0
0
1
1
1
8
179820
US-06037-N-4335029045-R-N
11/03/2024 17:28:39
Clark
C01 - Beverly Hills
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