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Multi-Family

160 N Almont Dr

160 N Almont Dr, Beverly Hills, CA 90211

Listing Price: $3,100,000

Lot Size
0.13 acres
Price/Acre
$23,476,356
Land Type
Land

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 160 North Almont Drive, an three-unit multifamily investment opportunity located in perhaps one of the most famous cities in the entire world, Beverly Hills, CA. The property currently features 3,544 square feet of gross rentable area, situated on a 5,752-square foot lot zoned BHR4YY. The three-unit building is composed of one one-bedroom unit above the garages in the rear building and two two-bedroom units in the front building. The building is well-maintained and offers on-site parking for tenants. 160 North Almont Drive offers various investment strategies for any savvy investor to take advantage of. First is the opportunity to develop four condominium units, second would be to develop 8 multifamily units with 2 of them being low income and third would be to keep the existing structure and add a potential ADU by converting the garages. The building has also remained vacant for the last 3 years. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Wilshire Boulevard, sandwiched between Wetherly Drive to the west and La Peer Drive 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 Downtown Los Angeles. 160 North Almont Drive offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location, 160 North Almont Drive offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Beverly Hills.

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • The One-Bedroom Unit is Located in the Back Building Above the Garages and the Two-Bedroom Units are Located in the Front Building, One on Each Floor.
  • Three Units Delivered Vacant at the Close of Escrow! Vacant Units Have Been Vacant for 3 Years!
  • Potential to Develop 4 Condominium (or Multifamily) Units or Up To 8 Multifamily Units with 2 Low Income Units.
  • Buyer to Conduct Their Own Investigation and Due Diligence to Verify Information.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

Financing By

Multi-Family

160 N Almont Dr

Listing Price: $3,100,000

Lot Size
0.13 acres
Price/Acre
$23,476,356
Land Type
Land

Investment Highlights

  • Excellent Unit Mix Composed of One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
  • The One-Bedroom Unit is Located in the Back Building Above the Garages and the Two-Bedroom Units are Located in the Front Building, One on Each Floor.
  • Three Units Delivered Vacant at the Close of Escrow! Vacant Units Have Been Vacant for 3 Years!
  • Potential to Develop 4 Condominium (or Multifamily) Units or Up To 8 Multifamily Units with 2 Low Income Units.
  • Buyer to Conduct Their Own Investigation and Due Diligence to Verify Information.

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 160 North Almont Drive, an three-unit multifamily investment opportunity located in perhaps one of the most famous cities in the entire world, Beverly Hills, CA. The property currently features 3,544 square feet of gross rentable area, situated on a 5,752-square foot lot zoned BHR4YY. The three-unit building is composed of one one-bedroom unit above the garages in the rear building and two two-bedroom units in the front building. The building is well-maintained and offers on-site parking for tenants. 160 North Almont Drive offers various investment strategies for any savvy investor to take advantage of. First is the opportunity to develop four condominium units, second would be to develop 8 multifamily units with 2 of them being low income and third would be to keep the existing structure and add a potential ADU by converting the garages. The building has also remained vacant for the last 3 years. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Wilshire Boulevard, sandwiched between Wetherly Drive to the west and La Peer Drive 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 Downtown Los Angeles. 160 North Almont Drive offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location, 160 North Almont Drive offers a unique opportunity to any investor looking to acquire a well-maintained asset in the heart of Beverly Hills.

Exclusively Listed By

  • Tony Azzi

    Executive Managing Director Investments

    (310) 909-5454

    Email Tony

    License(s): CA: 00910513, CA: 01325569

    West Los Angeles

Financing By

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