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PENDING

401 S Rodeo Drive, Beverly Hills, CA 90212$3,750,000

11
beds
10
baths
6638
ft2
· 6601
ft2 lot
$565 / ft2

Listing provided courtesy of Eric Sackler, Coldwell Banker Residential Br
Source CRMLS;
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6 Unit located in Beverly HIlls, one of the most sought-after apartment markets in the country! // Ideal unit mix: (1) 3+2, (3) 2+2, (2) 1+1 currently at 19.02 GRM and 3.14% CAP. 1 two-bedroom unit will be delivered vacant at closing. // 8 covered parking + on-site laundry available for tenants. Property is not identified as soft-story - retrofitting not required (check w/ city) // South Rodeo Drive is also close to the Beverly Hills business district - one of the most coveted commercial real estate sub-markets in the country, and a prime area for office space, high-end retail, restaurant, and entertainment establishments. It's close distance to the hot and bustling corridor of South Beverly Drive. The property is situated just outside the Beverly Hills Triangle where demand for rental housing is consistently high and vacancies low, which has helped keep rental rents for space at a stable premium throughout the pandemic. The property benefits from its close proximity to a vibrant retail area as well as to premier dining establishments and luxury hotels. The building's preeminent location makes it an incredible investment opportunity with great upside! Proforma at 14.8 GRM and 4.5% CAP. // Do not disturb tenants and inside with accepted offers only.

HOA

$—/month

On market

6 months

Year built

1952

Property type

Multi-Family

Parking

MLS

21747498

Price / Sq.Ft.

$565 / ft2

Status

Pending

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Home details for 401 S Rodeo Drive

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Central
Interior Size
•   
Building Area Total: 6638.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage, Covered
Building Info
•   
Zoning: BHR4YY
•   
Stories Total: 2
Lot Info
•   
Lot Size Source: Assessor
•   
Lot Size Acres: 0.1500
•   
Lot Size Area: 6601.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 6
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 191439.00
•   
Vacancy Allowance Rate: 0.00
•   
Total Expenses: 73566.00
•   
Gross Multiplier: 19.02
Tax/Assessment Info
•   
Gross Income: 197208.00
•   
Tax Year: 2020
•   
Taxes: 4339.0
Lease Info
•   
Net Operating Income: 117873.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 3800.00
•   
Unit 3 Total Units: 3
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 2
•   
Unit 3 Total Rent: 3800.00
Unit 2 Information
•   
Unit 2 Actual Rent: 2466.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 2
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 2
•   
Unit 2 Total Rent: 2466.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 3400.00
•   
Unit 1 Total Rent: 3400.00
Unit 4 Information
•   
Unit 4 Actual Rent: 2800.00
•   
Unit 4 Total Units: 4
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 2800.00
•   
Unit 4 Bathrooms: 2
•   
Unit 4 Bedrooms: 2
Unit 5 Information
•   
Unit 5 Actual Rent: 1603.00
•   
Unit 5 Total Units: 5
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1603.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Multi Unit Information
•   
# Of Units: 13
Unit 6 Information
•   
Unit 6 Actual Rent: 2365.00
•   
Unit 6 Total Units: 6
•   
Unit 6 Total Rent: 2365.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
School Info
•   
Directions: Located on the NW corner of Rodeo Drive & Olympic
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Unbranded
Other
Calculation
•   
Dom: 9
•   
Cdom: 9

Neighborhood snapshot

21
Properties for sale
16
Median days on market
$790.06
Median sold price/sqft
99.37%
Sold/List %
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Property History for 401 S Rodeo Drive

07/30/2021
07/30/2021
Public Record
sold
Public Record
$3,775,000
+0.67%
06/23/2021
06/23/2021
CRMLS #21747498
pending
CRMLS #21747498
$3,750,000
06/14/2021
06/14/2021
CRMLS #21747498
active
CRMLS #21747498
$3,750,000

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