447 South Palm Drive

Beverly Hills, CA 90212

$3,168,000
Last Sold Price
6
Beds
10
Baths
6,756 Sq. Ft.
$469 / Sq. Ft.
6,756
Sq. Ft.
$469
per Sq. Ft.

Description

We are pleased to present the exclusive listing of a 6-unit apartment building in prime Beverly Hills. Located at 447 S Palm Dr, the property has many units that boast updates including modern kitchens with brand new granite countertops, stainless steel appliances and central heat. Additionally, remodeled bathrooms have large showers, new ceiling fans, spacious closets and linen cabinets. Laundry is conveniently located on the second floor, and each unit has access to one carport parking space with...We are pleased to present the exclusive listing of a 6-unit apartment building in prime Beverly Hills. Located at 447 S Palm Dr, the property has many units that boast updates including modern kitchens with brand new granite countertops, stainless steel appliances and central heat. Additionally, remodeled bathrooms have large showers, new ceiling fans, spacious closets and linen cabinets. Laundry is conveniently located on the second floor, and each unit has access to one carport parking space with its own storage locker. New re-pipe for the majority of the building in 2012. New Roof in 2017. New water heaters in 2013. Six Parking Spaces. Of note, soft story retrofit is needed. Built in the 1950's and covering over 6,700 square feet, S Palm Drive has a desired unit mix consisting of one 3+2, three 2+2's (one is vacant and underwritten at market rent) and two 1+1's. The property sits between W Pico Boulevard and W Olympic Blvd. 447 s Palm Ave is conveniently within short distance to many eateries, coffee shops and retail stores including Starbucks, Factors Famous Deli, Urth Caffe Beverly Hills, and the many luxurious shops and restaurants at Rodeo Drive.
  1. Listed by Eliyahu Appel • DRE #01918652 • Brokerage DRE #00530854 • Marcus & Millichap
  2. Listed by Joshua Ross • DRE #01918715 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 447 South Palm Drive

Total Units
6.0
Building Area Total
6756
Stories Total
2
Zoning
BHR4YY
Senior Community
No
Parcel Number
4332001011
Area
Beverly Hills (C01)
Directions
Beverly Hills. South of Olympic west of Doheny

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Joshua Ross, DRE #01918715

Sold By Marcus & Millichap, Joshua Ross, DRE #01918715; Marcus & Millichap, Eliyahu Appel, DRE #01918652

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LISTING UPDATED: 07/19/2021 06:56 AM

Property Details for 447 South Palm Drive

StatusClosed
MLS #21718422
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.14 AC / 6,076 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Eliyahu Appel, DRE #01918652; Marcus & Millichap, Joshua Ross, DRE #01918715

Sold By Marcus & Millichap, Joshua Ross, DRE #01918715; Marcus & Millichap, Eliyahu Appel, DRE #01918652

Add your commute

Building Information for 447 South Palm Drive

Stories2Residences-Year Built-Building Size-Lot Size0.14 AC / 6,076 SF

Payment Calculator

$17,289 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,289

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 447 South Palm Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $170,040
  • Gross Operating Income: $170,948
  • Net Operating Income: $101,960
  • Gross Multiplier: 19.41
Expense Details
  • Total Expenses: $68,989
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Upper Level
  • Cooling: None
  • Heating: None
Parking Info
  • Parking: Yes
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,975
  • Unit Type Total Rent: $2,975
  • Unit Type Pro Forma: 4495
  • Unit Type Type: 1
Unit 2
  • Unit Type Type: 10
Unit 3
  • Unit Type Type: 11
Unit 4
  • Unit Type Type: 12
Unit 5
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $2,573
  • Unit Type Total Rent: $7,720
  • Unit Type Pro Forma: 8985
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Actual Rent: $1,738
  • Unit Type Total Rent: $3,475
  • Unit Type Pro Forma: 4790
  • Unit Type Type: 3
Unit 8
  • Unit Type Type: 4
Unit 9
  • Unit Type Type: 5
Unit 10
  • Unit Type Type: 6
Unit 11
  • Unit Type Type: 7
Unit 12
  • Unit Type Type: 8
Unit 13
  • Unit Type Type: 9
Unit Information
  • Number Of Buildings: 1

Property History for 447 South Palm Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 447 South Palm Drive

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Beverly Vista Elementary School
Public6 to 8

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Harkham Hillel Hebrew Academy
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

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Similar Sold Homes

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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, Joshua Ross, DRE #01918715

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.