163 N Clark Drive
Beverly Hills, CA, 90211 $ 3,410,000
Bedrooms4 Baths8.0 Sq 5,040 Monthly Estimate*
$ 23,820
Listed by Marcus & Millichap
for $3,410,000 with 4 bedrooms and 8 full baths. This 5,040 square foot home was built in 1930 on a lot size of 0.1321.
Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU's equaling 16-units) are built and rented. We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit multifamily building built in 1930 comprised of four one-bedroom, one-bathroom units, including one currently vacant, and four single studio units, with an added bonus of Ready-To-Issue (RTI) permits for 2 one-bedroom, one-bathroom ADUs (Accessory Dwelling Units). This property features convenient master metering for utilities, simplifying management tasks. Each unit has upgraded floors and kitchen appliances. With on-site laundry facilities, residents enjoy added convenience, while investors benefit from an additional income stream. Located in the heart of Beverly Hills, residents have easy access to top-notch dining, shopping, and entertainment options, making it an attractive place to call home.From an investment standpoint, this property offers solid returns. With high demand for rentals in Beverly Hills, steady rental income is anticipated, coupled with the long-term value appreciation in this sought-after location. Buyer to verify information independently and with listing broker
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FeaturesGeneralHeating None
Cooling None
Zoning BHR4YY
Year Built 1930
Stories 2
Levels Two
Gross Income 179820.0
County Los Angeles
Net Operating Income 102351.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Wilshire. West of Robertson
City Beverly Hills
View Y/N N
Senior Community Y/N N
Total Units 8
MLS Area C01 - Beverly Hills
Lot Size Square Feet 5754.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Clark
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 75
Standard Status Active
Cap Rate 3.0
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ExteriorParking Features Carport
Total Parking 5.0
Lot Size Area 5754.0
Number of Buildings 1
Spa N
Building Area Total 5040.0
Lot Size Acres 0.1321
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 N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Drive
Total Bedrooms 4
Electric On Property Y/N N
Total Baths 8
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $23,820
- 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 $4,664,268
Percent of Sale Price 37%
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.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/17/2024 | $3,410,000 | -5.41% | Price Down |
| 3/11/2024 | $3,605,000 | | Listed Price |