18 Total Units in A+ Beverly Hills Location
Value Add | Double Lot | Open House July 22nd: 11a-2pm
Marketing description
Property Website: https://properties.berkadia.com/beverly-hills-90210-palm-drive-portfolio-492660/
Berkadia is excited to exclusively offer 18 charming units for sale in a phenomenal Beverly Hills location. The 18 units are comprised of two adjacent properties on Palm Drive: 8 units (335 N. Palm) and 10 units (337 N. Palm) with development potential (Total combined lot size of 15,751 square feet). Nestled between the Beverly Hills “Golden Triangle” and Cedars-Sinai Medical Center, the properties are surrounded by a mix of high-end retail, hotel, and luxury residential areas.
These charming buildings have great curb appeal and feature bright airy units with thoughtful details. Some kitchens have been renovated, and six out of 10 units are to be delivered vacant at 337 N. Palm. The properties offer an investor the opportunity to purchase pride-of-ownership properties in Beverly Hills with rental upside and development potential.
These two properties can be purchased together or individually.
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
- 18 total units in two adjacent properties: 8 units (335 N. Palm) and 10 units (337 N. Palm)
- Development potential: Total combined lot size of 15,751 square feet
- Six out of 10 units to be delivered vacant at 337 N. Palm
- Charming buildings 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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