163 N Clark Drive

    Beverly Hills, CA 90211
    • $3,200,000
    • STATUS: Active
    • ON SITE: 28 days
    • ID#: 19425002
    UPDATED: 27 min ago
    $3,200,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,040
      SQFT
    • $635
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    5 out of 8 units left vacant!!!!163 N Clark is a beautiful, well maintained 8-unit property in prime Beverly Hills. Sitting just north of Wilshire on a 5,752 square foot lot, this 5,040 square foot building provides a healthy unit mix, of four singles and Four one bedroom, one bathroom units, with two 1-bedrooms and three singles left vacant purposely for a buyer to capitalize on rising rents. All tenants currently paying significantly below market rents, these Chapter 6 units are positioned perfectly for a savvy owner to come along and vacate additional units or raise the rent. Stabilizing this building will provide a new owner with many years of return while building a nest egg for future generations. This Pride of Ownership asset is truly one of a kind!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-15T14:35:27.65. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91001236

    163 N Clark Drive Beverly Hills, CA 90211

    • Price: $3,200,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 19425002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    5,040
    SQFT
    $635
    $/SQFT
    1930
    Built
    Neighborhood:
    C01 - Beverly Hills
    County:
    Los Angeles
    Area:
    C01 - Beverly Hills
    Property Description
    5 out of 8 units left vacant!!!!163 N Clark is a beautiful, well maintained 8-unit property in prime Beverly Hills. Sitting just north of Wilshire on a 5,752 square foot lot, this 5,040 square foot building provides a healthy unit mix, of four singles and Four one bedroom, one bathroom units, with two 1-bedrooms and three singles left vacant purposely for a buyer to capitalize on rising rents. All tenants currently paying significantly below market rents, these Chapter 6 units are positioned perfectly for a savvy owner to come along and vacate additional units or raise the rent. Stabilizing this building will provide a new owner with many years of return while building a nest egg for future generations. This Pride of Ownership asset is truly one of a kind!
    Exterior Features

    Garage Spaces 5.00 Lot Size Units Square Feet Parking Features Carport Detached Parking Total 5.00 Parking YN Yes

    Property Features

    Cap Rate 3.03 Gross Multiplier 17.78 Gross Operating Income 174542.00 Improvements Amount 553092 Insurance Expense 2400.00 Land Value 1122959 Land Value Percent 5.00 Maintenance Expense 8997.00 Net Operating Income 97007.00 Other Expense 12960.00 Professional Management Expense 6298.00 Special Listing Conditions Standard Total Expenses 77535.00 Zoning Bhr4yy

    Listing provided courtesy of Shaya Braverman of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-15T14:35:27.65. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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