425 Shirley Place

Beverly Hills, CA 90212

$3,700,000
Price
10
Beds
8
Baths
5,999 Sq. Ft.
$617 / Sq. Ft.
5,999
Sq. Ft.
$617
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 nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been 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 nine (9) unit apartment building, currently operating as six (6) units, located at 425-427 Shirley Place in Beverly Hills, California. The offering is situated in the world-renown Beverly Hills neighborhood, just South of Olympic Boulevard and East of Century Park East. Built in 1939, the Shirley Place Apartments have been well-maintained by the same ownership for over 50 years. This property's architectural significance shines through the series of elegant white pillars at its front doorstep. This New Orleans style apartment building exudes period specific charm such as huge French doors opening to a spacious Southern style private porch overlooking lush landscaping. The building features a very strong unit mix consisting of four (4) 1 bed / 1 bath units, two (2) 3 bed / 2 bath with dining room units, and three (3) studio ADUs. The studio ADUs average approximately 350 square feet each. Previously single apartments, they currently are gutted, with permits and blueprints in place ready for them to be renovated and brought back to market. The total size of the building is approximately 6,877 square feet and sits on a 5,999 square foot lot that is BHR4YY zoned. The offering is nestled within the heart of Beverly Hills, between Beverly Hills High School, Roxbury Park, and the Century City Mall. The Shirley Place apartments reside on the same block as many multi-million dollar, Beverly Hills homes. This is one of the most coveted neighborhoods in the County, being within the Beverly Hills School district as it is in close proximity to the Beverly Hills High School. Everything from luxury five-star hotels, designer brand shopping, and Michelin star dining options, are within a short walking distance from Shirley Place. Commuters will appreciate this property's central location in Beverly Hills provides easy access to popular public transit options, like the Expo Line, and major arterial thoroughfares like the 10 and 405 freeways. The Shirley Play Apartments provide an experienced investor a once-in-a-century opportunity to capitalize on an A+++ location with extreme value add potential.
  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 425 Shirley Place

Zoning
BHR4YY
Parcel Number
4330001010
Total Units
9.0
Living Area
5999
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
0
Lot Size Area
6879

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute
LISTING UPDATED: 04/25/2024 10:49 AM

Property Details for 425 Shirley Place

StatusActive
MLS #23-334857
Days on Market158
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.16 AC / 6,879 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 425 Shirley Place

Stories2Residences-Year Built1939Building Size-Lot Size0.16 AC / 6,879 SF

Payment Calculator

$21,105 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,192

Property Taxes

$913

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 425 Shirley Place

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • 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: $234,162
  • Net Operating Income: $149,620.00
  • Gross Income: $241,404
  • Cap Rate: 3.82%
  • Gross Rent Multiplier: $16.22
  • Vacancy Allow Dollar: $7,242.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 84542
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1579
  • Lot Size Square Feet: 6879
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 6
  • Covered Parking: 6
  • 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
  • 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: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,457.00
  • Unit Actual Rent: $6,913.00
  • Unit Projected Rent: $9,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,936.00
  • Unit Actual Rent: $7,744.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $5,400.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $215,396.00
  • Assessed Improvement Percent: 25.92
  • Assessed Land Value: $615,468.00
  • Assessed Land Percent: 74.08
  • Assessed Total Value: $830,864.00

Property History for 425 Shirley Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 425 Shirley Place

Taxable ValueLand$615,468Additions$215,996Total$831,464
Tax Record2023$10,953 ($913 / month)
Home Facts
Total Finished SqFt5,999 SqFtAbove Grade Finished SqFt5,999 SqFtLot Size6,877 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningBHR4YYCountyLOS ANGELESAPN4330-001-010

Schools near 425 Shirley Place

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
El Rodeo Elementary School
PublicK to 8

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Good Shepherd Catholic School
PrivatePK to 8

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

425 Shirley Place is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on November 27, 2023 by Marcus & Millichap, it's currently listed at $3,700,000. This listing's school district is Beverly Hills Unified School District. Nearby schools include El Rodeo Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 425 Shirley Place is a 10-bed, 8-bath, 5,999 sqft multi-family home built in 1939.

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.