318 N Oakhurst Dr
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318 N Oakhurst Dr
7 Unit Block of Flats £4,623,760 (£660,537/Unit) 4.17% Net Initial Yield Beverly Hills, CA 90210
Investment Highlights
- Listed at $431 PSF!!! Full Floor +/- 5,300 SF Beverly Hills Penthouse: (5 bed/4 bath) completely renovated in 2023. Private access via elevator key.
- Controlled Access, Ample Parking, Laundry on site which generates additional revenue. Potential for ADU .
- Building Upgrades: Significant improvements and capital expenditures by current ownership (see OM for list of improvements).
Executive Summary
Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity with an Assumable Loan at 3.52% through Nov. 2026. Situated in the most desirable multifamily pocket of Beverly Hills, listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4.
The entire Penthouse level features a full floor unit with direct elevator access that spans +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units.
The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. Listed Cap Rate and GRM reflect pro forma 4% allowable increase in 2025 per LARSO.
The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments.
Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.
This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and ¾ of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
The entire Penthouse level features a full floor unit with direct elevator access that spans +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units.
The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. Listed Cap Rate and GRM reflect pro forma 4% allowable increase in 2025 per LARSO.
The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments.
Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.
This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and ¾ of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£294,581
|
£21.87
|
| Other Income |
£2,101
|
£0.16
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£296,683
|
£22.03
|
| Taxes |
£55,485
|
£4.12
|
| Operating Expenses |
£45,472
|
£3.38
|
| Total Expenses |
£100,957
|
£7.49
|
| Net Operating Income |
£195,725
|
£14.53
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £294,581 |
| Annual Per SF | £21.87 |
| Other Income | |
|---|---|
| Annual | £2,101 |
| Annual Per SF | £0.16 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £296,683 |
| Annual Per SF | £22.03 |
| Taxes | |
|---|---|
| Annual | £55,485 |
| Annual Per SF | £4.12 |
| Operating Expenses | |
|---|---|
| Annual | £45,472 |
| Annual Per SF | £3.38 |
| Total Expenses | |
|---|---|
| Annual | £100,957 |
| Annual Per SF | £7.49 |
| Net Operating Income | |
|---|---|
| Annual | £195,725 |
| Annual Per SF | £14.53 |
Property Facts
| Price | £4,623,760 | Apartment Style | Mid Rise |
| Price Per Unit | £660,537 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 4.17% | Building Size | 13,470 SF |
| Gross Rent Multiplier | 15.58 | Average Occupancy | 100% |
| No. Units | 7 | Number of Floors | 4 |
| Property Type | Residential | Year Built/Renovated | 1969/2023 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Price | £4,623,760 |
| Price Per Unit | £660,537 |
| Sale Type | Investment |
| Net Initial Yield | 4.17% |
| Gross Rent Multiplier | 15.58 |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 13,470 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 2/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Granite Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Car Charging Station
- Lift
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+2 | 6 | - | 1,400 |
| 5+3.5 | 1 | - | 5,000 |
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Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £2,490,320 (2024) | |
| Land Assessment | £1,499,856 (2024) | Annual Taxes | £55,485 (£4.12/sf) |
| Improvements Assessment | £990,464 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,499,856 (2024)
Improvements Assessment
£990,464 (2024)
Total Assessment
£2,490,320 (2024)
Annual Taxes
£55,485 (£4.12/sf)
Tax Year
2025
zoning
| Zoning Code | R4, Beverly Hills (The property has unique zoning: Beverly Hills and Los Angeles. Taxes are billed pro-rata and building permits can be obtained in either city.) |
| R4, Beverly Hills (The property has unique zoning: Beverly Hills and Los Angeles. Taxes are billed pro-rata and building permits can be obtained in either city.) |
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Century Park Realty, Inc.
318 N Oakhurst Dr
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