Active

163 N Clark Dr

Beverly Hills CA, 90211

$3,410,000


$676.59 per sqft

Active

4 Beds

5,040 sqft

Residential

Built in 1930

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. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap 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

24-365779

MLS ID

February 22, 2024

Listed

April 17, 2024

Updated

Map

163 N Clark Dr
Beverly Hills CA, 90211

Interior Features

Total Stories

2


Bedrooms

4 Beds


Appliances

None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.13 Acres

Other Property Details

Area Name

Beverly Hills


Days on Market

54


Garage

No


Parking

Carport


Parking Total

5


View

No


County

Los Angeles


Pool

No


Zoning

BHR4YY

Listing History

Date

Event

Price

4/16/2024

Price Change

$3,410,000

-6%

Listed by Eliyahu Appel with Marcus & Millichap
Listing Contact: 818-390-4181 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Approach Properties Premium Real Estate Services shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/17/2024

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