159 North Arnaz Drive
159 North Arnaz Drive
$2,645,000
6
4
4,089
4,089
$647
Description
Price Adjustment $50,000. We are pleased to present the exclusive listing of 159 North Arnaz Drive. Built in 1933, a beautiful well-maintained duplex located in prime Beverly Hills. Comprised of two spacious three-bedroom, two-bathroom units, with a total 4,089 rentable square feet sitting on a 6,489 square foot lot. The property boasts beautiful period charm with archways, crown moldings and the original aqua & black Art Deco tile in the primary bathrooms, enhancing its aesthetic appeal and attracting...Price Adjustment $50,000. We are pleased to present the exclusive listing of 159 North Arnaz Drive. Built in 1933, a beautiful well-maintained duplex located in prime Beverly Hills. Comprised of two spacious three-bedroom, two-bathroom units, with a total 4,089 rentable square feet sitting on a 6,489 square foot lot. The property boasts beautiful period charm with archways, crown moldings and the original aqua & black Art Deco tile in the primary bathrooms, enhancing its aesthetic appeal and attracting tenants who appreciate classic architecture. These architectural details add a touch of elegance and sophistication to the property, potentially commanding higher rental rates. The front of the property has beautiful xeriscaping providing minimal maintenance and significantly lower utility expenses. Featuring replaces, modern kitchen amenities and in unit laundry facilities provide convenience and added value for tenants. Beautiful hardwood floors add warmth and character to the units while also offering durability and easy maintenance Each unit comes with 2-car garage parking, one of which has a new garage door opener, adding secure and convenient parking options for tenants. The upper unit front and back stairs have been renovated as well as plumbing in the guest bathrooms for each unit. The upper unit has a den above the driveway. From a financial perspective, this property offers a compelling proposition. The property's spacious three-bedroom units, period charm, and modern amenities make it highly desirable among renters, commanding premium rental rates or a wonderful opportunity for an owner/user. With strong demand for premium rental properties in Beverly Hills, investors can expect a steady stream of rental income. Beverly Hills is known for its high demand for quality housing, reducing the risk of vacancies and ensuring a steady income stream for investors. In addition to the appealing features, there are opportunities for value-add initiatives such as cosmetic upgrades, landscaping improvements, and adding amenities to further enhance the property's value and rental income potential. Located on Arnaz Dr, a street with a historic designation in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. in the unique quiet neighborhood off Clifton Way 1 block east of Robertson Boulevard, 1 block north of Wilshire Boulevard. The property's proximity to renowned attractions such as Rodeo Drive, Beverly Gardens Park, Greystone Mansion and Park, and the Wallis Annenberg Center for the Performing Arts enhances its appeal to existing and potential tenants, ensuring a competitive edge in the rental market. Furthermore, the area is surrounded by world-class dining options, offering investors an added advantage in attracting high-quality tenants. Notable restaurants nearby include Spago, Mastro's Steakhouse, Il Pastaio, The Ivy, and Nobu Beverly Hills. Buyer to verify information independently and with listing broker.
- Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 159 North Arnaz Drive
Zoning
BHR4YY
Parcel Number4334008032
Total Units2.0
Living Area4089
Source Living AreaVendor Enhanced
AreaBeverly Hills (C01)
Vacancy Rate0
Lot Size Area6491
Location
LISTING UPDATED: 05/14/2024 03:54 PM
Property Details for 159 North Arnaz Drive
Status | Active |
---|---|
MLS # | 24-375109 |
Days on Market | 51 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1933 |
Lot Size | 0.15 AC / 6,491 SF |
County | Los Angeles County |
Location
Building Information for 159 North Arnaz Drive
Stories2Residences-Year Built1933Building Size-Lot Size0.15 AC / 6,491 SF
Payment Calculator
$17,277 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 159 North Arnaz Drive
Property History for 159 North Arnaz Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 159 North Arnaz Drive
Taxable ValueLand$2,652,000Additions$669,120Total$3,321,120
Tax Record2023$34,109 ($2,842 / month)
Home Facts
Total Finished SqFt4,089 SqFtAbove Grade Finished SqFt4,089 SqFtLot Size6,489 SqFtStyleDuplexYear Built1933ZoningBHR4YYCountyLOS ANGELESAPN4334-008-032
Schools near 159 North Arnaz Drive
This home is within Beverly Hills Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Private - | PK to 6 |
Rating | School | Distance |
---|---|---|
Horace Mann Elementary School PublicK to 5 | ||
Beverly Hills High School Public9 to 12 | ||
Moreno High (Continuation) School Public9 to 12 | ||
Temple Emanuel Academy Day School PrivatePK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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