9500 W Olympic Blvd Beverly Hills, CA 90212
Active
$10,995,000
16 Units
14 Beds
16 Baths
11,270 Area(sq.ft.)
12,106 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 14 | 1 | 1 | No | $ 3,795 | $ 3,795 | $ 3,795 |
| Unit 2 | 2 | studio | 1 | No | $ 2,750 | $ 2,750 | $ 2,750 |
| 2 | 16 | 14 | 16 | $ 58,630 | $ 58,630 | $ 58,630 |
| MLS #: | 24-469529 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 976 |
| Price per unit: | $ 687,188 |
| Year Built: | 1948 |
Property Details
Beverly Hills Oasis Apartments, a 16-unit luxury apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive. The two-story building features 16-units, fourteen (14) large luxurious and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra-modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. There is a total of nine parking spaces to the rear of the property. While the subject property has been well-maintained under current ownership, units undergone major renovations investors will have the opportunity to capitalize on the demand for renovated interiors/exterior and take advantage of the superior submarket fundamentals in Beverly Hills which features some of the lowest vacancies and strongest rents in Metro Los Angeles.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 683,617 |
| Total Annual Expense: | $ 205,434 |
| Net Operating Income: | $ 499,326 |
| Gross Annual Income: | $ 704,760 |
| Cap Rate: | 4.54% |
| Gross Rent Multiplier: | 15.60 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| View Description: | City, City Lights, Courtyard, Tree Top, Trees/Woods, Pool |
Land & Parking
| Zoning: | BHR4* |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Built-Ins, Dishwasher, Freezer, Garbage Disposal, Gas Or Electric Dryer Hookup, Microwave, Refrigerator, Range/Oven |
| Heating: | Wall |
| Laundry: | Community, In Unit, In Closet |
Exterior
| Pool: | True |
| Pool Description: | In Ground |
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