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447 S Palm Dr 6 Unit Apartment Building $5,104,540 CAD ($850,757 CAD/Unit) 3.91% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Attractive Assumable Financing at 3% Interest Only! Fixed Till Nov 2031
- Three Bedroom Unit to be delivered vacant for an excellent owner/user opportunity
- Prime location within close proximity to world-class retail and dining along Rodeo Drive and Wilshire Boulevard
- Unit mix consisting of two (2) 1+1, three (3) 2+2, and one (1) 3+2 unit with private deck
- Approximately 6,756 square feet of rentable area situated on a 6,078 square foot lot
Executive Summary
The Sterman Multifamily Group of Marcus & Millichap is pleased to present 447 S Palm Drive, a six-unit apartment property located in the prestigious Beverly Hills submarket. Built in 1954, the property sits on an approximately 6,078 square foot lot and offers roughly 6,756 square feet of rentable space. The unit mix consists of two (2) one-bedroom/one-bath units, three (3) two-bedroom/two-bath units, and one (1) three-bedroom/two-bath unit with a private deck. The three-bedroom unit will be delivered
vacant, providing an excellent owner/user.
Attractive Assumable Financing at 3% Interest Only! Fixed Till Nov 2031, complemented by a prime Beverly Hills location with immediate access to world-class retail and dining along Rodeo Drive and Wilshire Boulevard, convenient connectivity to Century City, West Hollywood, and the greater Westside, and excellent access to the I-10 and I-405 freeways.
With its premier location, desirable unit mix, and strong long-term fundamentals, 447 S Palm Drive presents a compelling investment opportunity in one of Los Angeles’ most sought-after and supply-constrained rental markets.
vacant, providing an excellent owner/user.
Attractive Assumable Financing at 3% Interest Only! Fixed Till Nov 2031, complemented by a prime Beverly Hills location with immediate access to world-class retail and dining along Rodeo Drive and Wilshire Boulevard, convenient connectivity to Century City, West Hollywood, and the greater Westside, and excellent access to the I-10 and I-405 freeways.
With its premier location, desirable unit mix, and strong long-term fundamentals, 447 S Palm Drive presents a compelling investment opportunity in one of Los Angeles’ most sought-after and supply-constrained rental markets.
Property Facts
| Price | $5,104,540 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $850,757 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.91% | Building Size | 6,756 SF |
| Gross Rent Multiplier | 15.83 | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Zoning | BHR4YY - BHR4YY | ||
| Price | $5,104,540 CAD |
| Price Per Unit | $850,757 CAD |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Gross Rent Multiplier | 15.83 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,756 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | BHR4YY - BHR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 3 | - | - |
| 3+2 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4332-001-011 | Improvements Assessment | $1,433,241 CAD |
| Land Assessment | $3,343,725 CAD | Total Assessment | $4,776,966 CAD |
Property Taxes
Parcel Number
4332-001-011
Land Assessment
$3,343,725 CAD
Improvements Assessment
$1,433,241 CAD
Total Assessment
$4,776,966 CAD
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447 S Palm Dr
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