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132 S Clark Dr 15 Unit Apartment Building $5,195,000 ($346,333/Unit) 4.42% Cap Rate Los Angeles, CA 90048
INVESTMENT HIGHLIGHTS
- Prime Rental Location in the prestigious Beverly Grove neighborhood, on the cusp of Beverly Hills 02
- Gated parking and secure entry system with semi-subterranean assigned spaces
- First-time offering—legacy ownership, never sold since construction
- LARSO-exempt (built 1985) — Located in LA City limits with West Hollywood mailing address
- Premium finishes with vaulted ceilings, loft spaces and private balconies
- Walker's Paradise rating with exceptional access to shopping, dining, and entertainment
EXECUTIVE SUMMARY
15-unit multifamily building originally constructed in 1985 and well maintained under long-term legacy ownership. Comprising approximately 10,792 square feet of building area on a 6,096 SF lot, the three-story structure offers a favorable unit mix consisting of 12 studio with one-bath units and 3 one-bed with one-bath units. 4 studios and 1 one-bed unit feature double height ceilings and additional loft space. Building amenities cater to a premium lifestyle, including gated, semi-subterranean assigned parking, secure access entry system, private balconies, on-site laundry, elevator, and unbeatable walkability. Crucially, the 1985 construction date ensures the property is exempt from Los Angeles City Rent Stabilization Ordinance (RSO). The building is master metered for utilities; however, management has implemented a ratio utility billing system (RUBS) to reduce expenses.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,195,000 | Property Subtype | Apartment |
| Price Per Unit | $346,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.42% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 14.24 | Building Size | 10,792 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1985 |
| Zoning | LAR3 | ||
| Price | $5,195,000 |
| Price Per Unit | $346,333 |
| Sale Type | Investment |
| Cap Rate | 4.42% |
| Gross Rent Multiplier | 14.24 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 10,792 SF |
| No. Stories | 3 |
| Year Built | 1985 |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,864 | 500 |
| Studios | 4 | $2,195 | 700 |
| 1+1 | 2 | $2,060 | 700 |
| 1+1 | 1 | $2,595 | 1,200 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 4334-001-035 | Total Assessment | $2,274,552 (2025) |
| Land Assessment | $531,038 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,743,514 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4334-001-035
Land Assessment
$531,038 (2025)
Improvements Assessment
$1,743,514 (2025)
Total Assessment
$2,274,552 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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132 S Clark Dr
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