447 South Palm Drive, Unit 6

Beverly Hills, CA 90212

$3,168,000
Last Sold Price
11
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 #01240999 • Marcus & Millichap
  2. Listed by Joshua Ross • DRE #01918715 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 447 South Palm Drive, Unit 6

Zoning
BHR4YY
Living Area
6756
Source Living Area
Vendor Enhanced
Area
Beverly Hills (C01)
Vacancy Rate
5101
Lot Size Area
6076
Source Lot Size Area
Vendor Enhanced
Assessor Parcel Number
4332-001-011

Location

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LISTING UPDATED: 07/19/2021 01:29 PM

Property Details for 447 South Palm Drive, Unit 6

StatusSold
MLS #21-718422
Days on Market14
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

Add your commute

Building Information for 447 South Palm Drive, Unit 6

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

Payment Calculator

$20,605 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,289

Property Taxes

$3,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 447 South Palm Drive, Unit 6

Community / Development
Community / Development
  • Number Of Units: 6
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Unit Number: 6.0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $170,948
  • Net Operating Income: $101,960.00
  • Gross Income: $170,040
  • Cap Rate: 3.09%
  • Gross Rent Multiplier: $19.41
  • Financial Info as Of: 04/01/2021
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 68989
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1395
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
Interior Features
Interior Features
  • Cooling Type: None
  • Heating Type: None
  • Equipment: None
  • Laundry: On Upper Level, Laundry Area
Exterior Features
Exterior Features
  • Other Structures: None
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,975.00
  • Unit Actual Rent: $2,975.00
  • Unit Projected Rent: $4,495.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,573.00
  • Unit Actual Rent: $7,720.00
  • Unit Projected Rent: $8,985.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,737.50
  • Unit Actual Rent: $3,475.00
  • Unit Projected Rent: $4,790.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $130,446.00
  • Assessed Improvement Percent: 46.01
  • Assessed Land Value: $153,091.00
  • Assessed Land Percent: 53.99
  • Assessed Total Value: $283,537.00

Property History for 447 South Palm Drive, Unit 6

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 447 South Palm Drive, Unit 6

Taxable ValueLand$2,261,850Additions$969,510Total$3,231,360
Tax Record2023$39,798 ($3,316 / month)
Home Facts
Total Finished SqFt6,756 SqFtAbove Grade Finished SqFt6,756 SqFtLot Size6,076 SqFtStyleMulti-Family Res (5+ Units)ZoningBHR4YYCountyLOS ANGELESAPN4332-001-011

Schools near 447 South Palm Drive, Unit 6

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.

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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.