$5,450,000
$5,800,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
17 Beds
15 Baths
13,470 SqFt
SOLD DATE : 02/05/2025
Key Details
Sold Price $5,450,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,470 sqft
Price per Sqft $404
MLS Listing ID 24-452575
Sold Date 02/05/25
Bedrooms 17
Year Built 1969
Lot Size 7,497 Sqft
Acres 0.1238
Property Sub-Type Multi-Family
Property Description
Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969.This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
Location
State CA
County Los Angeles
Area Beverly Hills
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Flooring Laminate, Vinyl Plank, Vinyl, Carpet
Equipment Elevator, Dishwasher, Refrigerator
Laundry Community, In Unit
Exterior
Parking Features Direct Entrance, Community Garage, Tandem, Side By Side, Gated
Garage Spaces 14.0
Pool None
Building
Story 4
Level or Stories Three Or More
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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