425 Shirley Place
Beverly Hills, CA, 90212 $ 3,700,000
Bedrooms10 Baths8.0 Sq 5,999 Monthly Estimate*
$ 25,846
Listed by Marcus & Millichap
for $3,700,000 with 10 bedrooms and 8 full baths. This 5,999 square foot home was built in 1939 on a lot size of 0.1579.
This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property's architectural significance shines through the series of elegant white pillars at its front doorstep. This New Orleans style apartment building exudes period specific charm such as huge French doors opening to a spacious Southern style private porch overlooking lush landscaping. The building features a very strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units, and three (3) studio ADUs. The studio ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6,877 square feet and sits on a 5,999 square foot lot that is BHR4YY zoned.The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park, and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartments provide an experienced investor a once-in-a-century opportunity to capitalize on an A+++ location with extreme value add potential.
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FeaturesGeneralHeating NaturalGas
Cooling WallWindowUnits
Zoning BHR4YY
Year Built 1939
Stories 2
Levels Two
Gross Income 241404.0
County Los Angeles
Net Operating Income 149620.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions West of Roxbury Park
City Beverly Hills
View Y/N N
Senior Community Y/N N
High School District Beverly Hills Unified
Total Units 9
MLS Area C01 - Beverly Hills
Lot Size Square Feet 6879.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Shirley
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 150
Standard Status Active
Cap Rate 3.82
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ExteriorParking Features Covered
Total Parking 6.0
Lot Size Area 6879.0
Number of Buildings 3
Spa N
Building Area Total 5999.0
Lot Size Acres 0.1579
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 8
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $25,846
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Beverly Hills, CA
Average List Price $4,630,025
Percent of Sale Price 25%
About Beverly Hills, CA 34,311 Population
2% Since 2002
$ 110,424 Median Income
43.43 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
1839329 Elementary School
1076063 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/22/2024 | $3,700,000 | -5.49% | Price Down |
1/18/2024 | $3,915,000 | -6.67% | Price Down |
11/28/2023 | $4,195,000 | | Listed Price |