Palm Beverly Apartments | 432 N Palm Dr
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Palm Beverly Apartments 432 N Palm Dr
36 Unit Block of Flats £18,107,549 (£502,987/Unit) 3.40% Net Initial Yield Beverly Hills, CA 90210
Investment Highlights
- Northernmost & best apartment area of Beverly Hills 90210.
- Property features swimming pool & rooftop sundeck.
Executive Summary
FOR SALE BY OWNER!
Rare opportunity to purchase this large trophy property in northernmost (best) apartment area of Beverly Hills.
Even rarer opportunity to purchase it together with Owner’s other apartment building in Beverly Hills, 24 units for $20,950 – total 60 apartments in 85,460 sq. ft. for $43,900,000. (See 24-unit listing elsewhere on this site.)
This 36 units has:
Controlled access, gated parking and very large apartments
Significant upside in rents
Two rooftop penthouse units with panoramic city view
Swimming pool and rooftop sundeck
Rare opportunity to purchase this large trophy property in northernmost (best) apartment area of Beverly Hills.
Even rarer opportunity to purchase it together with Owner’s other apartment building in Beverly Hills, 24 units for $20,950 – total 60 apartments in 85,460 sq. ft. for $43,900,000. (See 24-unit listing elsewhere on this site.)
This 36 units has:
Controlled access, gated parking and very large apartments
Significant upside in rents
Two rooftop penthouse units with panoramic city view
Swimming pool and rooftop sundeck
Property Facts
| Price | £18,107,549 | Apartment Style | Mid Rise |
| Price Per Unit | £502,987 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Net Initial Yield | 3.40% | Building Size | 44,482 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 18.8 | Number of Floors | 5 |
| No. Units | 36 | Year Built/Renovated | 1962/2020 |
| Property Type | Residential | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Apartment |
| Price | £18,107,549 |
| Price Per Unit | £502,987 |
| Sale Type | Investment |
| Net Initial Yield | 3.40% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 18.8 |
| No. Units | 36 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 44,482 SF |
| Average Occupancy | 100% |
| Number of Floors | 5 |
| Year Built/Renovated | 1962/2020 |
| Parking Ratio | 1.03/1,000 SF |
Amenities
- Ventilation - Venting
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Tile Floors
- Crown Moulding
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Den
- Dining Room
- Intercom
- Patio
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Video Patrol
- Disposal Chutes
- Smoke Free
- Storage Space
- Lift
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 22 | £2,560 | 885 - 1,208 |
| 1+1.5 | 12 | £2,639 | 1,015 - 1,250 |
| 2+1.5 | 1 | £2,758 | 1,077 |
| 3+2 | 1 | £3,547 | 1,700 |
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 4342-034-002 | Improvements Assessment | £5,292,240 |
| Land Assessment | £5,292,240 | Total Assessment | £10,584,479 |
PROPERTY TAXES
Parcel Number
4342-034-002
Land Assessment
£5,292,240
Improvements Assessment
£5,292,240
Total Assessment
£10,584,479
zoning
| Zoning Code | R4, Beverly Hills (Five Or More Units Or Apartments) |
| R4, Beverly Hills (Five Or More Units Or Apartments) |
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Shellee Christensen -
Kevin Davis - Davis Management Corporation
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Palm Beverly Apartments | 432 N Palm Dr
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