$3,700,000 Price Analysis   ♡   Beverly Hills, CA 90212 10 bed 8 bath 5,999 SqFt ($616/SqFt) 6,879SqFt lot. Built 1939 Listed 2023-11-28, Taxes $10,659 | Ⓧ USDA Ineligible due to price & location near Beverly Hills |
This is part of The Six Building Trophy Portfolio Properties can be sold individually or as a Portfolio.
We are pleased to present the exclusive listing of a nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property's architectural significance shines through the series of elegant white pillars at its front doorstep. This Pristine Orleans style apartment building exudes period specific charm such as huge French doors opening to a sizeable Southern style private porch overlooking lush landscaping. The building features a strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units and three (3) studio ADUs.
The studo ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6, 877 square feet and sits on a 5, 999 square foot lot that is BHR4YY zoned.The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartment s provide an experienced investor a once-in-a-century opportunity to capitalize on an A+++ location with extreme value add potential.
Presented by Eliyahu Appel at
Marcus & Millichap.
Property MLS #23-334857 from TheMLSCLAW
Full Bathrooms: 8
Heating Features: Natural Gas
Garage Description: Covered Parking
Parking Total: 6
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6879
Calculated Total Monthly Association Fees: 0
Number of Units: 9
Unit Features: 1 BedsTotal: 3, 1 BathsTotal: 2, 1 SquareFeet: 9800, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 12000, 3 BathsTotal: 1, 3 SquareFeet: 5400
Map directions Map directions Map directionsCounty: Los Angeles
Cap Rate: 3.82
Directions: West of Roxbury Park
Source Property Type: Residential Income
Area: Beverly Hills
Source Neighborhood: Beverly Hills
Parcel Number: 4330-001-010
Postal Code Plus 4: 4128
Zoning: BHR4YY
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $211,173 + $603,400 $814,573 | $10,659 |
| 2021 | $207,033 + $591,569 $798,602 | $10,332 |
| 2020 | $204,911 + $585,504 $790,415 | $10,294 |
| 2019 | $200,894 + $574,024 $774,918 | $10,053 |
| 2018 | $196,955 + $562,769 $759,724 | $9,602 |
| 2017 | $193,094 + $551,735 $744,829 | $9,348 |
| 2016 | $189,308 + $540,917 $730,225 | $9,124 |
| 2015 | $186,465 + $532,792 $719,257 | $8,760 |
| 2014 | $182,813 + $522,356 $705,169 | $8,530 |
| 2013 | $181,987 + $519,996 $701,983 | $8,880 |
| 2012 | $178,419 + $509,800 $688,219 | $8,417 |
| 2010 | $174,921 + $499,804 $674,725 | $8,022 |
| 2009 | $174,027 + $497,248 $671,275 | $7,869 |
| 2009 | $173,614 + $496,069 $669,683 | $7,869 |
| 2008 | $170,615 + $487,499 $658,114 | $7,736 |
| 2007 | $167,270 + $477,941 $645,211 | $7,496 |
$3,700,000
TheMLSCLAW
Price Changed 2024-01-18
$3,915,000
TheMLSCLAW
Listed 2023-11-28
$4,195,000
TheMLSCLAW
Sold 1981-06-29
$353,000
Public Record
Year Built: 1939
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 85
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.