$ 7,000,000
-
$7,000,000
Price -
2
Bed -
3
Bath -
13,122
SqFt
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About the Listing CLW-X80723 - CLW-X89421
Century Park Realty, Inc. is proud to present this pride-of-ownership 11-unit apartment complex located in prime Beverly Hills, across from Beverly Hills High School and at the gateway to Century City. 405 Shirley Place is a 13,122 SF building situated on a 0.32-acre lot, consisting of ten (10) spacious two-bedroom, two-bathroom units (averaging almost 1,200 SF) and one fully renovated standalone studio. The building features classic Beverly Hills charm with a leafy brick-gated courtyard, original crown moldings in units, and timeless architectural details with modern updates.This offering presents a compelling value-add opportunity, with a proven value add business plan already in motion. Five of the eleven units have been partially or fully updated as tenants naturally moved out over the year and those renovated units have achieved significantly higher rents (up to 95% rental premium through interior renovation), clearly demonstrating the potential to increase income across the board. A new owner can execute the same or similar renovation strategy to increase net operating income (NOI) by +/- 40% a clear path to increased cash flow and long-term value creation.Additional Opportunity to Acquire Adjacent Parcel(s)
Listing Highlights for 405 Shirley Pl
Status
Active
Days on Site
101
Property Type
Multi-Family
MLS ®
25544177
Year Built
1948
Total Square Footage
13,122
Lot/Acreage
0.32
County
Los Angeles
Area
C01 - Beverly Hills
Interior Details
- Bedrooms: 2
- Bathrooms: 3 Full
- Appliances: Dishwasher, Refrigerator
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 3 car
- Parking Spaces: 11
- Zoning: BHR4YY
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Covered,Detached Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4330001007
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
405 Shirley Pl Beverly Hills, CA 90212
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