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10 Units | Prime Beverly Hills | Rent Upside 337 N Palm Dr 10 Unit Apartment Building $8,239,828 CAD ($823,983 CAD/Unit) Beverly Hills, CA 90210
Investment Highlights
- OPEN HOUSE: Wednesday, July 22 | 11:00 AM – 2:00 PM
- Can be purchased with adjacent property: 8 units (335 N. Palm)
- Charming building with great curb appeal; situated on a beautiful tree-lined street, one building north of West 3rd Street
- Phenomenal Beverly Hills location nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center
- Development potential: Total combined lot size of 15,751 square feet with adjacent property at 335 N. Palm
- Coveted Beverly Hills School District with A ranked schools (niche.com)
Executive Summary
OPEN HOUSE: Wednesday, July 22 | 11:00 AM – 2:00 PM
Property Website: https://properties.berkadia.com/beverly-hills-90210-palm-drive-portfolio-492660/
Berkadia is excited to exclusively offer 337 N. Palm Drive, 10 charming units for sale in a phenomenal Beverly Hills location. Located on North Palm Drive, one of Beverly Hills’ best streets, the property is nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center, and is surrounded by a mix of high-end retail, hotel, and luxury residential areas. 337 N. Palm can be purchased with the adjacent 8-unit property at 335 N. Palm Drive. An investor can purchase the two properties as existing 18 units or potentially develop the total combined lot: 15,751 square feet.
337 N. Palm is a classic Beverly Hills building with great curb appeal and thoughtful details. This well-maintained property features bright and airy units with lots of natural light. Units have wood-style laminate plank flooring in the living/bedrooms (some), separate dining room with recessed lighting, updated kitchens with granite counters (8 out of 10), ample storage and mirrored closets. Community amenities include gated entry, community patio with seating, on-site laundry facilities, and 14 parking spaces. Seismic Retrofitting Work Completed and the SB 721 Elevated Elements Inspection Passed and In Compliance. The property offers an investor the opportunity to purchase a pride-of-ownership property in Beverly Hills with rental upside.
Property Website: https://properties.berkadia.com/beverly-hills-90210-palm-drive-portfolio-492660/
Berkadia is excited to exclusively offer 337 N. Palm Drive, 10 charming units for sale in a phenomenal Beverly Hills location. Located on North Palm Drive, one of Beverly Hills’ best streets, the property is nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center, and is surrounded by a mix of high-end retail, hotel, and luxury residential areas. 337 N. Palm can be purchased with the adjacent 8-unit property at 335 N. Palm Drive. An investor can purchase the two properties as existing 18 units or potentially develop the total combined lot: 15,751 square feet.
337 N. Palm is a classic Beverly Hills building with great curb appeal and thoughtful details. This well-maintained property features bright and airy units with lots of natural light. Units have wood-style laminate plank flooring in the living/bedrooms (some), separate dining room with recessed lighting, updated kitchens with granite counters (8 out of 10), ample storage and mirrored closets. Community amenities include gated entry, community patio with seating, on-site laundry facilities, and 14 parking spaces. Seismic Retrofitting Work Completed and the SB 721 Elevated Elements Inspection Passed and In Compliance. The property offers an investor the opportunity to purchase a pride-of-ownership property in Beverly Hills with rental upside.
Property Facts
| Price | $8,239,828 CAD | Building Class | C |
| Price Per Unit | $823,983 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 8,800 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | BHR4YY | ||
| Price | $8,239,828 CAD |
| Price Per Unit | $823,983 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,800 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | BHR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 880 |
| 2+2 | 4 | - | 984 |
Very walkable
80/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4342-005-012 | Improvements Assessment | $3,692,122 CAD |
| Land Assessment | $5,230,509 CAD | Total Assessment | $8,922,631 CAD |
Property Taxes
Parcel Number
4342-005-012
Land Assessment
$5,230,509 CAD
Improvements Assessment
$3,692,122 CAD
Total Assessment
$8,922,631 CAD
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10 Units | Prime Beverly Hills | Rent Upside | 337 N Palm Dr
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