$2,900,000
$3,150,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
4,948 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,948 sqft
Price per Sqft $586
MLS Listing ID 23315153
Sold Date 10/20/23
Bedrooms 8
HOA Y/N No
Year Built 1935
Lot Size 5,732 Sqft
Property Description
We are pleased to present the exclusive listing of 257, 259, 261 and 263 N Almont Drive, a charming, well-maintained 4-unit apartment home. Built in 1935 and held by the same ownership for over 5 decades, this property marries historic Spanish-style architecture with contemporary upgrades, including Central Air Conditioning and Heat. The unit mix offers two townhomes one featuring 3 bedrooms (one of which is an infant nook) and the 2 other bedrooms both with 1 full bathroom, plus an additional half bathroom. Additionally, two 2-bedroom ats provide further exibility in leasing options. Many units are equipped with in-unit washer-dryer facilities, enhancing tenant satisfaction. From an investor's perspective, the property ensures tenant retention and demand through meaningful upgrades and secure covered parking spaces, totaling four in number. Ideally located in the unique quiet neighborhood pocket of the southwest corner of Dayton Way and Almont Dr 2 blocks East Doheny and 4 blocks west of Robertson, 2 blocks north of Wilshire Boulevard, and 1 block south of Burton Way. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills. In summary, this exclusive investment opportunity at 257-263 N Almont Drive, BH combines a prime location, versatile unit mix, access to Beverly Hills' elite demographics, and superior existing tenants and property manager, make this rare treasure an enticing offering in one of the most prestigious neighborhoods in Beverly Hills. Buyer to verify information independently and with listing broker
Location
State CA
County Los Angeles
Area C01 - Beverly Hills
Zoning BHR4YY
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Private
Attached Garage Yes
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4335023001
Special Listing Condition Standard
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Bought with Juliet Shoham • Power Brokers