302 North La Peer Drive

Beverly Hills, CA 90211

$4,070,000
Price
6
Beds
10
Baths
6,724 Sq. Ft.
$605 / Sq. Ft.
6,724
Sq. Ft.
$605
per Sq. Ft.

Description

This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a ten (10) unit apartment building (2 vacant) located at 302-304 North La Peer Drive in Beverly Hills, California. The offering is situated in the world-renowned Beverly Hills neighborhood, just South of Burton Way and West of North Robertson Boulevard. Built in 1936, the North La Peer Drive Apartments have been meticulously well-maintained...This is part of "The Six Building Trophy Portfolio" Properties can be sold individually or as a Portfolio. We are pleased to present the exclusive listing of a ten (10) unit apartment building (2 vacant) located at 302-304 North La Peer Drive in Beverly Hills, California. The offering is situated in the world-renowned Beverly Hills neighborhood, just South of Burton Way and West of North Robertson Boulevard. Built in 1936, the North La Peer Drive Apartments have been meticulously well-maintained by the same ownership for over 50 years. The building features a strong unit mix consisting of two (2) 1 bed / 1 bath townhouse units, four (4) 1 bed / 1 bath + den units, and four (4) studios. This very charming property includes, beautiful architecture, double French windows, and hardwood floors. Many renovated units boast, updated bathrooms, quartz kitchen counter tops, stainless steel appliances, refrigerator, stove, and a dishwasher. The total size of the building is approximately 6,724 square feet and sits on an extra-large 8,587 square foot lot that is BHR4YY zoned. The offering is nestled within the heart of Beverly Hills, which is often celebrated as one of the world's most sought-after destinations. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from North La Peer Drive. Some of the most notable amenities nearby are the Rodeo Drive Mall/Corridor, the Four Seasons of Beverly Hills, and the Cedars-Sinai Medical Center. The subject's dominant access to Santa Monica and San Vicente Boulevards benefit its commuting tenants via quick access to the 10 and 405 Freeways. The North La Peer Drive Apartments provide a rare opportunity for an experienced investor to acquire a well located corner lot asset, in one of California's most notable rental pockets with extremely high barriers to entry.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 302 North La Peer Drive

Zoning
BHR4YY
Parcel Number
4335019012
Total Units
10.0
Living Area
6724
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
2 Vacant
Lot Size Area
8589

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute
LISTING UPDATED: 05/01/2024 09:41 AM

Property Details for 302 North La Peer Drive

StatusActive
MLS #23-334865
Days on Market159
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.20 AC / 8,589 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute

Building Information for 302 North La Peer Drive

Stories2Residences-Year Built1936Building Size-Lot Size0.20 AC / 8,589 SF

Payment Calculator

$23,429 per month

30 year fixed, 7.25% Interest

Principal and Interest

$22,212

Property Taxes

$1,217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 302 North La Peer Drive

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
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: $229,809
  • Net Operating Income: $138,420.00
  • Gross Income: $236,916
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $17.18
  • Vacancy Allow Dollar: $7,107.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 91388
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1972
  • Lot Size Square Feet: 8589
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 7
  • Covered Parking: 6
  • Open Other Spaces Total: 1
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas, Wall Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-27-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,133.00
  • Unit Actual Rent: $4,266.00
  • Unit Projected Rent: $6,300.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,192.00
  • Unit Actual Rent: $8,769.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,653.00
  • Unit Actual Rent: $6,610.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $410,303.00
  • Assessed Improvement Percent: 36.36
  • Assessed Land Value: $718,045.00
  • Assessed Land Percent: 63.64
  • Assessed Total Value: $1,128,348.00

Property History for 302 North La Peer 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 302 North La Peer Drive

Taxable ValueLand$718,045Additions$410,963Total$1,129,008
Tax Record2023$14,601 ($1,217 / month)
Home Facts
Total Finished SqFt6,724 SqFtAbove Grade Finished SqFt6,724 SqFtLot Size8,587 SqFtStyleMulti-Family Res (5+ Units)Year Built1936ZoningBHR4YYCountyLOS ANGELESAPN4335-019-012

Schools near 302 North La Peer 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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302 North La Peer Drive is a multi-family home for sale in Beverly Hills, CA 90211. This property was listed for sale on November 27, 2023 by Marcus & Millichap, it's currently listed at $4,070,000. 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. 302 North La Peer Drive is a 6-bed, 10-bath, 6,724 sqft multi-family home built in 1936.

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; Marcus & Millichap, Jeffrey Louks, DRE #00908473

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.