2.85% LP Interest in North Oakhurst Drive LLC | 425 N Oakhurst Dr
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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
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 | Lot Size | 0.33 AC |
No. Units | 40 | Building Size | 17,318 SF |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built | 1948 |
Apartment Style | Low Rise | Parking Ratio | 1.15/1,000 SF |
Building Class | C |
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 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | 4342-034-014 | Improvements Assessment | £4,090,889 |
Land Assessment | £8,181,781 | Total Assessment | £12,272,670 |
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* |
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2.85% LP Interest in North Oakhurst Drive LLC | 425 N Oakhurst Dr
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