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2.85% LP Interest in North Oakhurst Drive LLC 425 N Oakhurst Dr

40 Unit Block of Flats For Sale Beverly Hills, CA 90210

Investment Highlights

  • 2.85% LIMITED PARTNERSHIP INTEREST in North Oakhurst Drive, LLC which owns 425 North Oakhurst Drive, Beverly Hills, CA 90210
  • Property has undergone significant upgrades and renovations since it was acquired in 2016
  • Located within a short distance from multiple 5-star hotels, Michelin Star dining, and designer brand shopping
  • World renowned Beverly Hills Location on the corner of Beverly Blvd. and Oakhurst Dr. just west of N. Doheny Dr.
  • Over the past five years, pre-1995 construction 5+ unit buildings within 0.5 miles of the subject property have sold at an avg. of $629k/unit
  • Upon executing a Confidentiality Agreement, qualified prospective buyers will receive additional financial info. CONTACT BROKER FOR MORE DETAILS

Executive Summary

The CREM Group is pleased to exclusively present for sale a 2.85% LP interest in North Oakhurst Drive LLC, which owns 425 North Oakhurst Drive, Beverly Hills, CA 90210, a trophy 40-unit, courtyard-style apartment building located in the heart of Beverly Hills, CA. Built in 1948, the 17,318-square-foot property sits on a 14,369-square-foot BHR4-zoned lot and has undergone significant upgrades and renovations over recent years . The building is primarily comprised of studio units, catering to consistent rental demand in this prestigious market.
This offering is NOT for the sale of the fee simple interest in 425 N. Oakhurst Dr. The property is not for sale.
Upon executing a Confidentiality Agreement, qualified prospective buyers will be provided additional financial information.
CALL FOR OFFERS - CONTACT BROKER FOR MORE DETAILS

Property Facts

Sale Type Investment
No. Units 40
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.33 AC
Building Size 17,318 SF
Number of Floors 2
Year Built 1948
Parking Ratio 1.15/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Ceiling Fans
  • Refrigerator
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 35 - 533
1+1 5 - 708
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4342-034-014
Land Assessment
£8,181,781
Improvements Assessment
£4,090,889
Total Assessment
£12,272,670

zoning

Zoning Code BHR4*
BHR4*
  • Listing ID: 33597949

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 425 N Oakhurst Dr, Beverly Hills, CA 90210

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