Marcus & Millichap is pleased to present for sale a seven unit multifamily investment for sale at 320 South Doheny Drive in prime Beverly Hills, California. The property is situated just north of West Olympic Boulevard and east of South Beverly Drive. The building is also located in close proximity to Santa Monica Boulevard, allowing thoroughfare between Santa Monica and Downtown Los Angeles.
Beverly Hills, well-known for housing some of Hollywood's most illustrious celebrities, is one of Los Angeles' most coveted neighborhoods. With a seemingly endless list of amenities, Beverly Hills offers a shoppers paradise located within a compact, easily walkable area known as the Golden Triangle. Here you can experience the world famous Rodeo Drive which houses high-end retailers like Gucci, Prada, Armani, Dior, and so much more. Just below Wilshire Boulevard is the charming and vibrant South Beverly Drive. Here you can find fine dining options, low-key eateries, high-end boutiques, and affordable shops.
The subject property is a short drive from Wilshire Boulevard, Rodeo Drive, and Sunset Boulevard. Venues like the La Brea Tar Pits, LACMA, The Grove, and many others are just minutes away. The neighborhood is close in proximity to the Century City mall, many entertainment venues in West Hollywood, and the University of California, Los Angeles.
Built in 1954, the investment contains an excellent unit mix of four, one-bedroom/one-bathroom units and three, two-bedroom/two-bathroom units. The well-maintained, two- story building sits in a quiet neighborhood lined with other multifamily homes. On-Site parking, paired with exceptional curb appeal makes this property the ideal living space for any tenant. The property offers investors the unique opportunity to own in an incredible location sure to appreciate quickly alongside significant rental upside potential.
