320 S. Arnaz Drive
Multifamily | 4.20% CAP | 48 Units
Marketing description
320 S Arnaz Drive presents a rare 48-unit, non-RSO (AB1482) multifamily investment located in Beverly Grove, one of Los Angeles' most desirable rental submarkets. Built in 1984 on a 17,572 SF parcel with 33,462 SF of improvements, featuring a highly efficient and market-proven unit mix.
New ownership will have the opportunity to realize the property's full rental potential. With thoughtful modernization of both unit interiors and common areas as vacancies occur, a new operator has a significant opportunity to elevate the asset's positioning, drive substantial revenue growth, and unlock the long-term value inherent in this exceptionally located building.
This multifamily asset is positioned in one of Los Angeles' most coveted micro-markets—Beverly Grove—just 300 feet from the Beverly Hills border. Its location offers residents immediate access to the prestige, lifestyle, and high-income demographics that define the Westside's most desirable neighborhoods. Situated one block from Cedars-Sinai Medical Center, one of the nation's top hospitals and a major employment hub, the property benefits from exceptionally strong and stable rental demand from medical professionals, staff, and patients' families seeking nearby housing.
Investment highlights
- 48-unit, non-RSO (AB1482) multifamily investment located in Beverly Grove, one of Los Angeles' most desirable rental submarkets. Built in 1984 on a 17,572 SF parcel with 33,462 SF of improvements, featuring a highly efficient and market-proven unit mix.
- Premier location one block from Beverly Hills and Cedars-Sinai Medical Center, just steps away from the Robertson Boulevard retail and dining corridor.
- Significant value-add potential through interior and common-area renovations as units turn.
- Operational upside through RUBS implementation, parking income, and other modern management strategies to enhance cash flow.
- All units offer open floor plans, stainless steel appliances, wood-style flooring, window treatments, wall A/C units, and large private balconies with panoramic views of the Hollywood Hills, West Hollywood, and Beverly Hills.
- Comprehensive amenities including gated parking with 48 secured spaces, controlled access, laundry facilities, and video monitoring system.
- Los Angeles' 90048 ZIP code has a median home price of $2,130,743 and year-over-year growth of 12.1% (Redfin). The typical monthly mortgage payment is more than four times the average renovated rent at 320 S Arnaz Drive.
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