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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$7,000,000

Est. payment - /mo

21 Beds

21 Baths

13,122 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,122 sqft

Price per Sqft $533

MLS Listing ID 25544177

Bedrooms 21

HOA Y/N No

Year Built 1948

Lot Size 0.318 Acres

Property Description

Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units (averaging almost 1,200 SF) and one fully renovated standalone studio. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates.This offering presents a compelling value-add opportunity, with a proven value add business plan already in motion. Five of the eleven units have been partially or fully updated as tenants naturally moved out over the year and those renovated units have achieved significantly higher rents (up to 95% rental premium through interior renovation), clearly demonstrating the potential to increase income across the board. A new owner can execute the same or similar renovation strategy to increase net operating income (NOI) by +/- 40% a clear path to increased cash flow and long-term value creation.Additional Opportunity to Acquire Adjacent Parcel(s)

Location

State CA

County Los Angeles

Area C01 - Beverly Hills

Zoning BHR4YY

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Parking Features Covered, Detached Carport

Garage Spaces 3.0

Carport Spaces 8

Garage Description 3.0

Total Parking Spaces 11

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4330001007

Special Listing Condition Standard

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Listed by Jordan Rubinstein Century Park Realty, Inc.

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405 Shirley PL Beverly Hills, CA 90212