414 North Palm Drive

Beverly Hills, CA 90210

$7,150,000
Price
16
Beds
16
Baths
17,050 Sq. Ft.
$419 / Sq. Ft.
17,050
Sq. Ft.
$419
per Sq. Ft.

Description

Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S. F.) & 2/2 (1,500 s. F.). 2,500 s. F. Penthouse unit located on the 4th Floor suitable for owner use will be delivered vacant at closing. Significant (25%) upside in rents. 13.2 x Gross & 5.4% Cap with rents at market. Seller has spent over $257,000 in renovation in the past year. Priced at only $419/S. F. Showing with accepted or strong offers.Prime Beverly Hills location, N. of Burton Way. Trophy Property with large 1/1 (1,200 S. F.) & 2/2 (1,500 s. F.). 2,500 s. F. Penthouse unit located on the 4th Floor suitable for owner use will be delivered vacant at closing. Significant (25%) upside in rents. 13.2 x Gross & 5.4% Cap with rents at market. Seller has spent over $257,000 in renovation in the past year. Priced at only $419/S. F. Showing with accepted or strong offers.
  1. Listed by Hamid Soroudi • DRE #00708618 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Jared Battat • DRE #02120354 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 414 North Palm Drive

Zoning
BHR4YY
Parcel Number
4342001009
Total Units
10.0
Living Area
17050
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
2
Lot Size Area
7705

Location

Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618; Keller Williams Beverly Hills, Jared Battat, DRE #02120354
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LISTING UPDATED: 04/23/2024 10:02 AM

Property Details for 414 North Palm Drive

StatusActive
MLS #23-325758
Days on Market191
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.18 AC / 7,705 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618; Keller Williams Beverly Hills, Jared Battat, DRE #02120354
Add your commute

Building Information for 414 North Palm Drive

Stories-Residences-Year Built1962Building Size-Lot Size0.18 AC / 7,705 SF

Payment Calculator

$45,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,020

Property Taxes

$6,148

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 414 North Palm Drive

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 1/1,2/2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $420,707
  • Net Operating Income: $279,744.00
  • Gross Income: $433,579
  • Gross Rent Multiplier: $16.50
  • Total Annual Expense: 140963
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1769
  • Lot Size Square Feet: 7705
Parking Details
Parking Details
  • Parking Garage: Subterranean
  • Total Parking: 15
  • Parking Features: Subterranean
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-26-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,791.00
  • Unit Actual Rent: $3,791.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,171.00
  • Unit Actual Rent: $2,171.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,000,000.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $4,000,000.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $6,000,000.00

Property History for 414 North Palm 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 414 North Palm Drive

Taxable ValueLand$4,000,000Additions$2,000,200Total$6,000,200
Tax Record2023$73,771 ($6,148 / month)
Home Facts
Total Finished SqFt17,050 SqFtAbove Grade Finished SqFt17,050 SqFtLot Size7,703 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningBHR4YYCountyLOS ANGELESAPN4342-001-009

Schools near 414 North Palm 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
Hawthorne 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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414 North Palm Drive is a multi-family home for sale in Beverly Hills, CA 90210. This property was listed for sale on October 25, 2023 by Keller Williams Beverly Hills, it's currently listed at $7,150,000. It has been on the market for a total of 191 days and was last sold on August 4, 2022. This listing's school district is Beverly Hills Unified School District. Nearby schools include Hawthorne Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 414 North Palm Drive is a 16-bed, 16-bath, 17,050 sqft multi-family home built in 1962.

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 Keller Williams Beverly Hills, Hamid Soroudi, DRE #00708618; Keller Williams Beverly Hills, Jared Battat, DRE #02120354

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.