159 North Arnaz Drive

159 North Arnaz Drive

Beverly Hills, CA 90211

$2,645,000
Price
6
Beds
4
Baths
4,089 Sq. Ft.
$647 / Sq. Ft.
4,089
Sq. Ft.
$647
per Sq. Ft.

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.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 159 North Arnaz Drive

Zoning
BHR4YY
Parcel Number
4334008032
Total Units
2.0
Living Area
4089
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
0
Lot Size Area
6491

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652
Add your commute
LISTING UPDATED: 05/01/2024 09:07 AM

Property Details for 159 North Arnaz Drive

StatusActive
MLS #24-375109
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.15 AC / 6,491 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652
Add your commute

Building Information for 159 North Arnaz Drive

Stories2Residences-Year Built1933Building Size-Lot Size0.15 AC / 6,491 SF

Payment Calculator

$17,597 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,435

Property Taxes

$3,162

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 159 North Arnaz Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $104,035
  • Net Operating Income: $55,831.00
  • Gross Income: $104,035
  • Gross Rent Multiplier: $25.13
  • Vacancy Allow Dollar: $3,195.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 48204
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.149
  • Lot Size Square Feet: 6491
Parking Details
Parking Details
  • Parking Garage: Driveway, Covered Parking
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Driveway, Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,437.00
  • Unit Actual Rent: $8,874.00
  • Unit Projected Rent: $13,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $669,120.00
  • Assessed Improvement Percent: 20.15
  • Assessed Land Value: $2,652,000.00
  • Assessed Land Percent: 79.85
  • Assessed Total Value: $3,321,120.00

Property History for 159 North Arnaz Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$37,939 ($3,162 / 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
Horace Mann Elementary School
Public - K to 5
Beverly Hills High School
Public - 9 to 12
Moreno High (Continuation) School
Public - 9 to 12
Temple Emanuel Academy Day School
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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More information about 159 North Arnaz Drive, Beverly Hills, CA 90211

159 North Arnaz Drive is a multi-family home for sale in Beverly Hills, CA 90211. This property was listed for sale on April 1, 2024 by Marcus & Millichap, it's currently listed at $2,645,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include Horace Mann Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 159 North Arnaz Drive is a 6-bed, 4-bath, 4,089 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.