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Adelon Apartments 152 S Peck Dr 31 Unit Apartment Building $19,697,999 CAD ($635,419 CAD/Unit) 4.40% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Significant (34%) upside in rents
- Value-Add: approved plans with permits to convert the storage rooms to an 800± S.F. ADU with a potential rent of $3,500/mo
- 6.5% cap and 11.1 x gross with rents at market
Executive Summary
Prime Beverly Hills location one bock from Saks Fifth Avenue, Neiman Marcus, Beverly Wilshire, and Four Seasons Hotel. Walking distance to the shops and restaurants in the famous Beverly Hills Golden Triangle. Attractive Property with a grand lobby. Property was completely renovated with new plumbing, kitchens, and bathrooms. Value-Add: approved plans with permits to convert the storage rooms to an 800± S.F. ADU with a potential rent of $3,500/mo. Significant (34%) upside in rents. 6.5% cap and 11.1 x gross with rents at market
Property Facts
| Price | $19,697,999 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $635,419 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 4.40% | Building Size | 18,456 SF |
| Gross Rent Multiplier | 14.9 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Parking Ratio | 0.22/1,000 SF |
| Zoning | R4, Beverly Hills - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter | ||
| Price | $19,697,999 CAD |
| Price Per Unit | $635,419 CAD |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| Gross Rent Multiplier | 14.9 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 18,456 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 0.22/1,000 SF |
| Zoning | R4, Beverly Hills - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 300 - 350 |
| 1+1 | 12 | - | 425 - 550 |
| 1+1 | 9 | - | 560 - 700 |
| 2+1 | 4 | - | 1,000 |
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Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4328-026-020 | Improvements Assessment | $2,197,831 CAD |
| Land Assessment | $5,604,502 CAD | Total Assessment | $7,802,333 CAD |
Property Taxes
Parcel Number
4328-026-020
Land Assessment
$5,604,502 CAD
Improvements Assessment
$2,197,831 CAD
Total Assessment
$7,802,333 CAD
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Adelon Apartments | 152 S Peck Dr
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