Description
Rare opportunity to acquire a legacy income property in coveted, irreplaceable Beverly Hills location. Charming & lovingly cared for multi-family asset in the heart of Beverly Hills, situated at the base of the Golden Triangle. Family owned for decades, this 2-story grand, Traditional building was originally constructed in 1938 and showcases true craftsmanship. The six apartment homes exude charm, character and warmth. Wonderful original details can be found throughout, including coved ceilings, crown moldings, stained-glass, French windows and golden oak hardwood flooring. The unit mix is comprised of (4) large 1-bedroom, 1-bathroom units, (1) studio and (1) 2-bedroom, 1-bathroom unit. Averaging nearly 1,000 SF per unit, the floor-plans are spacious, functional and efficient. Units feature grand living rooms, formal dining rooms, large bedrooms & bathrooms and an abundance of natural light. Just moments from Wilshire Blvd, Rodeo Drive, the finest shopping, dining & lifestyle destinations and Beverly Hills schools. Significant upside in rents allow for a value-add opportunity and ideal long-term investment. Additional details include a 4-car garage located at the rear of property, on-site laundry room, shared center courtyard with neighboring sister-building. Property is professionally managed. Inside with accepted offer only. Property is 100% occupied and is subject to rent control (Beverly Hills rent stabilization ordinance).
