8 Charming Units on One of Beverly Hills' Best Streets
Open House: Wednesday, July 22nd - 11am to 2pm
Marketing description
Property Website: https://properties.berkadia.com/beverly-hills-90210-palm-drive-portfolio-492660/
Berkadia is excited to exclusively offer 335 N. Palm Drive for sale, 8 charming units 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. 335 N. Palm can be purchased with the adjacent 10-unit property at 337 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.
335 N. Palm is a charming Spanish-style building with great curb appeal and charming details. Units are bright and airy with large windows for lots of natural light, wood-style laminate plank flooring (some with hardwood), separate dining room with ceiling fan, and select upper units feature wood-beamed ceilings. All units (except 1) have updated kitchens with granite counters (most), decorative tile backsplash and tile flooring. The building has controlled access entry, on-site laundry, patio area, and 6 parking spaces (permit parking available on the street). The property offers an investor the opportunity to purchase pride-of-ownership properties in Beverly Hills with rental upside.
Investment highlights
- Phenomenal Beverly Hills location nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center
- Surrounded by a mix of high-end retail, hotel, and luxury residential areas
- Can be purchased with adjacent property: 10 units (337 N. Palm)
- Development potential: Total combined lot size of 15,751 square feet with adjacent property at 337 N. Palm
- Charming building with great curb appeal; situated on a beautiful tree-lined street, one building north of West 3rd Street
- Generational ownership
- Coveted Beverly Hills School District with A ranked schools (niche.com)
- Strong demographics with average household income over $217K and average housing value over $2.21 million (one-mile radius)
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