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Multifamily

447 S Palm Dr

447 S Palm Dr, Beverly Hills, CA 90212

Listing Price: $3,300,000

Cap Rate
3.09%
Number of Units
6
GRM
19.41
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$488.45
Gross SF
6,756

Investment Overview

Marcus & Millichap is pleased to present the exclusively listed 6-unit apartment building in prime Beverly Hills. Located at 447 S Palm Dr, the property boasts many updates including modern kitchens with brand new granite countertops, stainless steel appliances and central heat. Additionally, remodeled bathrooms have large showers, new ceiling fans, spacious closets and linen cabinets. Laundry is conveniently located on the second floor, and each unit has access to one carport parking space with its own storage locker.

Built in 1952 and covering over 6,700 square feet, S Palm Drive has a desired unit mix consisting of two one-bedroom / one-bathroom, three two-bedroom / two-bathroom, and one three-bedroom/ two-bathroom units. The property sits right in between W Pico Boulevard and W Olympic Blvd. 447 s Palm Ave is conveniently within walking distance to many eateries, coffee shops and retail stores including Starbucks, Factors Famous Deli, Urth Caffe Beverly Hills, and the many luxurious shops and restaurants at Rodeo Drive.

Investment Highlights

  • Prime Beverly Hills Location - Steps to Olympic Blvd
  • 6 Parking Spaces
  • Stellar Unit Mix: One 3+2, Three 2+2's and Two 1+1's
  • Large Units: 6,756 SF Bldg
  • Low Price Per SF: Under $550 Per SF
  • Laundry On-Site

Exclusively Listed By

Listing Price: $3,300,000

Cap Rate
3.09%
Number of Units
6
GRM
19.41
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$488.45
Gross SF
6,756

Investment Highlights

  • Prime Beverly Hills Location - Steps to Olympic Blvd
  • 6 Parking Spaces
  • Stellar Unit Mix: One 3+2, Three 2+2's and Two 1+1's
  • Large Units: 6,756 SF Bldg
  • Low Price Per SF: Under $550 Per SF
  • Laundry On-Site

Investment Overview

Marcus & Millichap is pleased to present the exclusively listed 6-unit apartment building in prime Beverly Hills. Located at 447 S Palm Dr, the property boasts many updates including modern kitchens with brand new granite countertops, stainless steel appliances and central heat. Additionally, remodeled bathrooms have large showers, new ceiling fans, spacious closets and linen cabinets. Laundry is conveniently located on the second floor, and each unit has access to one carport parking space with its own storage locker.

Built in 1952 and covering over 6,700 square feet, S Palm Drive has a desired unit mix consisting of two one-bedroom / one-bathroom, three two-bedroom / two-bathroom, and one three-bedroom/ two-bathroom units. The property sits right in between W Pico Boulevard and W Olympic Blvd. 447 s Palm Ave is conveniently within walking distance to many eateries, coffee shops and retail stores including Starbucks, Factors Famous Deli, Urth Caffe Beverly Hills, and the many luxurious shops and restaurants at Rodeo Drive.

Exclusively Listed By

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