169 N Clark Drive, Beverly Hills, CA 90211 (MLS # 24365791)
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. 8.04 Pro-Forma Cap We are pleased to present the exclusive listing of 169 North Clark Drive, a charming four-unit multifamily building built in 1930, offering a collection of spacious two-bedroom, one-bathroom units, with an added bonus of Ready-To-Issue (RTI) permits for 1 one-bedroom, one-bathroom ADU (Accessory Dwelling Units) and 1 studio ADU. Each unit exudes sophistication and period specific detail, and has the added convenience of in-unit washer and dryer. The property includes five onsite parking spaces.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.
Property Type(s):
Residential Income
|
Last Updated
|
4/16/2024
|
Year Built
|
1930
|
|
Community
|
Beverly Hills
|
County
|
Los Angeles
|
Price History
|
Prior to Apr 16, '24
|
$2,995,000 |
| Apr 16, '24 - Today |
$2,916,000 |
Additional Details
| AIR |
None |
| AREA |
Beverly Hills |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Carport |
| HEAT |
None |
| LOT |
5752 sq ft |
| PARKING |
Carport |
| STORIES |
2 |
| ZONING |
BHR4YY |
Location
Listed with Marcus & Millichap
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/24 4:16 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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