318 N Oakhurst Drive

Beverly Hills, CA 90210

$5,800,000

List Price

17

bed Beds

15

shower Baths

13,470 sqft

straighten / sqft

1969

calendar_month Built

Property Description

Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.

Listing Information

List Price $5,800,000
Status Active Under Contract
MLS 24452575
Type Residential Income
Year Built 1969
Lot Size 7,497
Structure Size 13,470
DOM 29
Courtesy Of Century Park Realty, Inc.
Listing Agent Jordan Rubinstein DRE#01736033

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 17
Total Bathroom
Bathrooms 15
Flooring Information
Material Carpet, Laminate, Vinyl
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Jordan Rubinstein, Century Park Realty, Inc. 310-745-7660. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 12th, 2024 at 8:01 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.