Beverly Hills, CA 90212 141 S Canon Drive

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Presented By: Vincent Norris with Vincent B Norris, Inc.; 424-422-0904
  • MLS# SR24091815
  • 05/07/2024
  • Request Tour
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  • BedBeds • 6
  • BathBaths • 1
  • FootageSQFT • 5,468
  • GarageGarage • 6

Home Details

Constructed in 1938, the property sits on a 6,070 square foot parcel and consists of a two-story building with a detached carport offering six covered parking spots. The unit mix comprises (6) six large one-bedroom, one-bathroom units, each measuring approximately 800 square feet. Available for purchase on the open market for the first time in more than four decades, 141 South Canon Drive has been meticulously cared for by its current owners. They have made significant capital improvements over the years, such as a new roof and completely replacing the plumbing with copper pipes. By taking advantage of the premium rental rates typically associated with character-style buildings in Beverly Hills, this presents a rare opportunity to start benefiting from increased returns right from day one. This property is located in a highly sought-after rental submarket that is in need of renovated units, making it an exceptional investment opportunity. Nestled in an enclave of luxury, 141 South Canon Drive enjoys a prime location just south of Wilshire Boulevard in Beverly Hills and one block away from the famed South Beverly Drive, providing residents with access to an array of upscale boutiques, fine dining establishments, and cultural attractions within walking distance of the prestigious Golden Triangle shopping district. Its strategic positioning near major employment hubs such as the Wilshire Corridor and Century City offers professionals convenient access to diverse job opportunities in finance, law, entertainment, and technology, making it an enticing destination for those seeking a vibrant urban lifestyle coupled with proximity to their workplace.
Presented By: Vincent Norris with Vincent B Norris, Inc.; 424-422-0904

Interior Features for 141 S Canon Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 141 S Canon Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NYes
CityBeverly Hills
Community FeaturesUrban
CountyLos Angeles
Days on Market1
DirectionsTurn left onto Wilshire Boulevard, turn right onto South Beverly Glen Blvd, Turn left onto West Olympic Blvd, Turn left onto South Canon Drive.
Electric Expense6810.0
Entry LocationWalk Up
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income204994.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5102.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet6072.0
Lot Size UnitsSquareFeet
MLS AreaC01 - Beverly Hills
MobileHomeRemainsYNNo
Net Operating Income128716.0
New ConstructionNo
NumberOfUnitsTotal6
Operating Expense76278.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerUnknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1853
Trash Expense5766.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1938
Year Built SourcePublicRecords
ZoningBHR4*

Exterior for 141 S Canon Drive

Building Area Total5468.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1394
Lot Size Area6072.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDetachedCarport
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,550,000
MLS#SR24091815
List Date 05/07/2024
Property Type Multi-Family
Phone 714.964.3311
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