163 North Clark Drive

Beverly Hills, CA 90211

$3,410,000
Price
4
Beds
8
Baths
5,040 Sq. Ft.
$677 / Sq. Ft.
5,040
Sq. Ft.
$677
per Sq. Ft.

Description

Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU's equaling 16-units) are built and rented. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit...Total Price Adjustment of $274,000. Being sold as part of a portfolio with 163 N Clark. Must be sold together. New Portfolio price is $6,326,000. Pls ask listing agent for the portfolio package. 11,502 SF Double Lot | $308,000 Gross Day One. $450,000 Gross once the four additional RTI units (12 existing units with 4 RTI ADU's equaling 16-units) are built and rented. $686,000 Gross Pro-Forma. 8.5+ Pro-Forma Cap We are pleased to present the exclusive listing of 163 North Clark Drive, a charming eight-unit multifamily building built in 1930 comprised of four one-bedroom, one-bathroom units, including one currently vacant, and four single studio units, with an added bonus of Ready-To-Issue (RTI) permits for 2 one-bedroom, one-bathroom ADUs (Accessory Dwelling Units). This property features convenient master metering for utilities, simplifying management tasks. Each unit has upgraded floors and kitchen appliances. With on-site laundry facilities, residents enjoy added convenience, while investors benefit from an additional income stream. Located in the heart of Beverly Hills, residents have easy access to top-notch dining, shopping, and entertainment options, making it an attractive place to call home. From an investment standpoint, this property offers solid returns. With high demand for rentals in Beverly Hills, steady rental income is anticipated, coupled with the long-term value appreciation in this sought-after location. Buyer to verify information independently and with listing broker
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 163 North Clark Drive

Zoning
BHR4YY
Parcel Number
4335029045
Total Units
8.0
Living Area
5040
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
1 Vacant
Lot Size Area
5754

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652
Add your commute
LISTING UPDATED: 04/16/2024 03:31 PM

Property Details for 163 North Clark Drive

StatusActive
MLS #24-365779
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.13 AC / 5,754 SF
CountyLos Angeles County

Location

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

Building Information for 163 North Clark Drive

Stories2Residences-Year Built1930Building Size-Lot Size0.13 AC / 5,754 SF

Payment Calculator

$21,580 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,610

Property Taxes

$2,970

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 163 North Clark Drive

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
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: $185,225
  • Net Operating Income: $102,351.00
  • Gross Income: $179,820
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $17.89
  • Vacancy Allow Dollar: $5,395.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 85874
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1321
  • Lot Size Square Feet: 5754
Parking Details
Parking Details
  • Parking Garage: Carport
  • Total Parking: 5
  • Parking Features: Carport
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,843.00
  • Unit Actual Rent: $7,371.00
  • Unit Projected Rent: $9,200.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,904.00
  • Unit Actual Rent: $5,014.00
  • Unit Projected Rent: $10,400.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,072,201.00
  • Assessed Improvement Percent: 37.04
  • Assessed Land Value: $1,822,743.00
  • Assessed Land Percent: 62.96
  • Assessed Total Value: $2,894,944.00

Property History for 163 North Clark 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 163 North Clark Drive

Taxable ValueLand$1,822,743Additions$1,072,981Total$2,895,724
Tax Record2023$35,643 ($2,970 / month)
Home Facts
Total Finished SqFt5,040 SqFtAbove Grade Finished SqFt5,040 SqFtLot Size5,752 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningBHR4YYCountyLOS ANGELESAPN4335-029-045

Schools near 163 North Clark 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.

Similar Homes

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Similar Sold Homes

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163 North Clark Drive is a multi-family home for sale in Beverly Hills, CA 90211. This property was listed for sale on February 22, 2024 by Marcus & Millichap, it's currently listed at $3,410,000. It has been on the market for a total of 67 days and was last sold on November 27, 2018. 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. 163 North Clark Drive is a 4-bed, 8-bath, 5,040 sqft multi-family home built in 1930.

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.