Beverly Hills, CA 90211 169 N Clark Drive

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Presented By: Eliyahu Appel with Marcus & Millichap;
  • MLS# 24365791
  • 03/11/2024
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 5,540

Home Details

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. 8.04 Pro-Forma Cap We are pleased to present the exclusive listing of 169 North Clark Drive, a charming four-unit multifamily building built in 1930, offering a collection of spacious two-bedroom, one-bathroom units, with an added bonus of Ready-To-Issue (RTI) permits for 1 one-bedroom, one-bathroom ADU (Accessory Dwelling Units) and 1 studio ADU. Each unit exudes sophistication and period specific detail, and has the added convenience of in-unit washer and dryer. The property includes five onsite parking spaces.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.
Presented By: Eliyahu Appel with Marcus & Millichap;

Interior Features for 169 N Clark Drive

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixDrive
Total Stories2

General for 169 N Clark Drive

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NYes
CityBeverly Hills
CoolingNone
CountyLos Angeles
Days on Market54
DirectionsNorth of Wilshire. West of Robertson
Garage Y/NNo
Gross Income121989.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5752.0
MLS AreaC01 - Beverly Hills
MobileHomeRemainsYNNo
Net Operating Income68683.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameClark
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1930
ZoningBHR4YY

Exterior for 169 N Clark Drive

Building Area Total5540.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.132
Lot Size Area5752.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCarport
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,916,000
MLS#24365791
List Date 03/11/2024
Property Type Multi-Family
Phone 714.964.3311
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