Multifamily

212 S Arnaz Dr

212 S Arnaz Dr, Beverly Hills, CA 90211

Listing Price: $6,925,000

Cap Rate
2.70%
Number of Units
10
Price/Unit
$692,500
Price/Gross SF
$572.36
Gross SF
12,099

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 212 South Arnaz Drive, a ten-unit multifamily investment opportunity located in perhaps one of the most famous cities in the entire world, Beverly Hills, CA. The property features 12,099 square feet of gross rentable area, situated on a 6,496-square foot lot. The ten-unit building is composed of five one-bedroom/one-and-three-quarter-bathroom units with den, four two-bedroom/one-and-three-quarter-bathroom units with den and one two-bedroom/one-and-three-quarter-bathroom townhouse style unit. The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Olympic Boulevard, sandwiched between Robertson Boulevard to the west and La Cienega Boulevard to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, West Hollywood, Hollywood, and West Los Angeles. Due to the property’s premier location and rental upside, 212 South Arnaz Drive offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Beverly Hills, CA.

Investment Highlights

  • Spacious Units Averaging Approximately 1,210 Square Feet Each!
  • Property Includes On-Site Elevator, Parking and Laundry Facilities for Tenants.
  • Separately Metered for Gas and Electric
  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately 50% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Each Unit has its Own Den Area That can be Used as an Additional Bedroom.

Exclusively Listed By

Listing Price: $6,925,000

Cap Rate
2.70%
Number of Units
10
Price/Unit
$692,500
Price/Gross SF
$572.36
Gross SF
12,099

Investment Highlights

  • Spacious Units Averaging Approximately 1,210 Square Feet Each!
  • Property Includes On-Site Elevator, Parking and Laundry Facilities for Tenants.
  • Separately Metered for Gas and Electric
  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • Approximately 50% in Rental Upside Through Renovation - a True Value-Add Opportunity.
  • Each Unit has its Own Den Area That can be Used as an Additional Bedroom.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 212 South Arnaz Drive, a ten-unit multifamily investment opportunity located in perhaps one of the most famous cities in the entire world, Beverly Hills, CA. The property features 12,099 square feet of gross rentable area, situated on a 6,496-square foot lot. The ten-unit building is composed of five one-bedroom/one-and-three-quarter-bathroom units with den, four two-bedroom/one-and-three-quarter-bathroom units with den and one two-bedroom/one-and-three-quarter-bathroom townhouse style unit. The building is well-maintained and offers gated secured entry and on-site parking for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Olympic Boulevard, sandwiched between Robertson Boulevard to the west and La Cienega Boulevard to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, West Hollywood, Hollywood, and West Los Angeles. Due to the property’s premier location and rental upside, 212 South Arnaz Drive offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Beverly Hills, CA.

Exclusively Listed By

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