9500 W Olympic Blvd
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9500 W Olympic Blvd
16 Unit Apartment Building $10,995,000 ($687,188/Unit) 4.54% Cap Rate Beverly Hills, CA 90212
Investment Highlights
- Prime Beverly Hills Location!!!
- 16-Luxury Unit Apartment Building
- Selected Units Renovated with Washer/Dryer & New Roof
- Corner Property!
- Building Approx. - 11,270 SF. & Lot Size Approx. - 12,105 SF
- Huge Upside in Rents
Executive Summary
Coldwell Banker Commercial NRT is pleased to present Beverly Hills Oasis Apartments, a 16-unit luxury apartment building located in prestigious Beverly Hills, CA. Situated on a corner lot, southwest corner of Olympic Blvd. & El Camino Drive.
The two-story building features 16-units, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra-modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. There is a total of nine parking spaces to the rear of the property.
While the subject property has been well-maintained under current ownership, units undergone major renovations investors will have the opportunity to capitalize on the demand for renovated interiors/exterior and take advantage of the superior submarket fundamentals in Beverly Hills which features some of the lowest vacancies and strongest rents in Metro Los Angeles.
*** For a full marketing Offering Memorandum please contact, Listing Agent ***
The two-story building features 16-units, fourteen (14) large and spacious one bedroom with one bathroom as well as two (2) units that are large studios with one bathroom and kitchen. Select units have been transformed into ultra-modern luxury residences which boast new European cabinetry, stainless steel appliance packages with in-unit Washer/Dryers, LED lighting systems, engineered plank flooring, countertops and many more. In addition, there is a large basement that contains private storage lockers that can be leased for additional income. There is a total of nine parking spaces to the rear of the property.
While the subject property has been well-maintained under current ownership, units undergone major renovations investors will have the opportunity to capitalize on the demand for renovated interiors/exterior and take advantage of the superior submarket fundamentals in Beverly Hills which features some of the lowest vacancies and strongest rents in Metro Los Angeles.
*** For a full marketing Offering Memorandum please contact, Listing Agent ***
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$499,326
|
$44.31
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $499,326 |
| Annual Per SF | $44.31 |
Property Facts
| Price | $10,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $687,188 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.54% | Building Size | 11,270 SF |
| Gross Rent Multiplier | 15.6 | Average Occupancy | 31% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Price | $10,995,000 |
| Price Per Unit | $687,188 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 11,270 SF |
| Average Occupancy | 31% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2024 |
| Parking Ratio | 0.8/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
Site Amenities
- Pool
- Cabana
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 550 |
| 1+1 | 14 | - | 725 |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 4330-022-027 | Improvements Assessment | $1,768,680 |
| Land Assessment | $6,762,600 | Total Assessment | $8,531,280 |
PROPERTY TAXES
Parcel Number
4330-022-027
Land Assessment
$6,762,600
Improvements Assessment
$1,768,680
Total Assessment
$8,531,280
zoning
| Zoning Code | BHR4* (BHR4) |
| BHR4* (BHR4) |
-
Iman Eshaghyan -
Coldwell Banker Commercial Realty
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9500 W Olympic Blvd
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