10u | Phenomenal Bev Hills Loc. Minutes to "Golden Triangle"
OPEN HOUSE: Wednesday, July 22 from 11 AM to 2 PM
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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. Six out of 10 units to be delivered vacant at 337 N. Palm. 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
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: 8 units (335 N. Palm)
- Development potential: Total combined lot size of 15,751 square feet with adjacent property at 335 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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