Log In/Sign Up
Your email has been sent.
Huge 4 Unit | All 3BRs/2BTHs | 1 Unit Vacant 344 S Doheny Dr 4 Unit Apartment Building $2,895,000 ($723,750/Unit) 3.96% Cap Rate Beverly Hills, CA 90211
INVESTMENT HIGHLIGHTS
- 4 Unit Apartment Building in Prime Beverly Hills: Excellent Unit Mix - (4) Huge 3BR/3 BTHS totaling 7,100 SF.
- Ample Parking: The Property has 10 dedicated covered parking spaces.
- Well Managed and Maintained: Soft-story retrofit was completed in 2020, and a new roof was installed in 2019. New drainlines & water heater 2019/2021
- One Vacant Unit: Perfect for an owner user or to allow an investor to capture market rent. Unit comes with in-unit laundry
- Units are Separately Metered for Electricity and Gas and feature central A/C.
- Current property rents approximately 49% under market.
EXECUTIVE SUMMARY
Contact Broker for OM
Oakmore Inc. on behalf of ownership, are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in a classic multi family building at 344 S Doheny Dr, Beverly Hills, CA 90211 (the “Property”). The Property consists of 4 units totaling approximately ±7,100 SF on ±0.129 acre (±5,620 SF) parcels of land. The Property comprises 4 units: (3) spacious 3 bedroom 2 bath units, with one unit delivered vacant, perfect for an owner user or to allow an investor to capture market rent. Income figures assume the vacant unit at $5,500/month.
The Property offers four oversized, light-filled units with open, flexible floor plans. And all units are separately metered for gas and electricity, and feature central A/C, and the building provides 10 parking spaces plus community laundry. Ownership has managed and maintained the Property exceptionally. Recently, a soft-story retrofit was completed in 2020, and a new roof was installed in 2019. Moreover, new drainlines and the water heater were installed in 2019 and 2021, respectively.
Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Beverly Hills location. Attractively offered at $2,895,000, 344 S Doheny Dr. is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. With strong upside in the three leased units, this is an exceptional value-add property and promises unparalleled potential and long-term appreciation. Don't miss this exclusive opportunity.
Oakmore Inc. on behalf of ownership, are pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in a classic multi family building at 344 S Doheny Dr, Beverly Hills, CA 90211 (the “Property”). The Property consists of 4 units totaling approximately ±7,100 SF on ±0.129 acre (±5,620 SF) parcels of land. The Property comprises 4 units: (3) spacious 3 bedroom 2 bath units, with one unit delivered vacant, perfect for an owner user or to allow an investor to capture market rent. Income figures assume the vacant unit at $5,500/month.
The Property offers four oversized, light-filled units with open, flexible floor plans. And all units are separately metered for gas and electricity, and feature central A/C, and the building provides 10 parking spaces plus community laundry. Ownership has managed and maintained the Property exceptionally. Recently, a soft-story retrofit was completed in 2020, and a new roof was installed in 2019. Moreover, new drainlines and the water heater were installed in 2019 and 2021, respectively.
Rarely does an investor have the chance to acquire a multi-family property of such distinction in a prime Beverly Hills location. Attractively offered at $2,895,000, 344 S Doheny Dr. is more than just a property; it's a generational investment opportunity in one of Los Angeles' most desirable neighborhoods. With strong upside in the three leased units, this is an exceptional value-add property and promises unparalleled potential and long-term appreciation. Don't miss this exclusive opportunity.
PROPERTY FACTS
| Price | $2,895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $723,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.96% | Building Size | 7,100 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Zoning | BHR4YY | ||
| Price | $2,895,000 |
| Price Per Unit | $723,750 |
| Sale Type | Investment |
| Cap Rate | 3.96% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,100 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | BHR4YY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 4331-025-023 | Improvements Assessment | $381,751 |
| Land Assessment | $240,343 | Total Assessment | $622,094 |
PROPERTY TAXES
Parcel Number
4331-025-023
Land Assessment
$240,343
Improvements Assessment
$381,751
Total Assessment
$622,094
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Huge 4 Unit | All 3BRs/2BTHs | 1 Unit Vacant | 344 S Doheny Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.