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420 S Beverly Dr
Beverly Hills, CA 90212
Office Property For Sale
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
12,131 SF
Building Class
C
Year Built/Renovated
1955/2011
Percent Leased
15%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,065 SF
Slab To Slab
11’
Building FAR
1.11
Lot Size
0.25 AC
Zoning
C-3, Beverly Hills - Commercial
Parking
30 Spaces (2.47 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
About 420 S BEVERLY DR , BEVERLY HILLS, CA 90212
- Once in a lifetime opportunity to acquire the only mid-sized ±12,104 square foot Medical office (2,773 SF - Non-Medical) building in Beverly Hills. - Fully renovated and upgraded in 2007/2011. - ±97% leased, but the property benefits from short term leases to accommodate for owner user occupancy. - Located in Beverly Hills, California, with unsurpassed demographics and affluence. Just south of Beverly Hills “Golden Triangle”. - Beverly Hills has implemented a “silent moratorium” on any future medical developments. - Medical office rents in Beverly Hills have increased to over $8.00 per square foot per month - Great opportunity for an owner/user or investment. An excellent hedge against future growth in medical office rents.
Property Taxes
| Parcel Number | 4330-028-003 | Improvements Assessment | $3,483,450 |
| Land Assessment | $5,190,347 | Total Assessment | $8,673,797 |
Property Taxes
Parcel Number
4330-028-003
Land Assessment
$5,190,347
Improvements Assessment
$3,483,450
Total Assessment
$8,673,797
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