Seven-Unit Apartment Building with Rooftop
New
For Sale
$3,700,000
314 N Almont Dr, Beverly Hills, CA 90211
A mix of apartment layouts is complemented by basement space, a laundry room, and on-site parking.
Property Size7,677 SF
Days on Market6
Property Features for 314 N Almont Dr
General Information
Standard status
Active
Size
7,677 SF
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 singles, 2 one-bedrooms, 2 two-bedrooms, 1 two-story three-bedroom
Multifamily Units
7
Amenities
laundry room
Building Details
Building Size
7,677 SF
Year Built
1956
Listing Agency:
The Beverly Hills Estates
Listed By:
Susan Pekich · License #01520605
(310) 738-2298
Source:
Aaronkirman
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Beverly Hills Estates
Investment Insights
Based on property information with market context.
Built in 1956, this 7,677-square-foot apartment property contains seven residences and a separate one-bedroom manager’s unit. The residential mix comprises two single units, two one-bedroom apartments, two two-bedroom apartments, and a two-story three-bedroom residence with a rooftop deck. Six of the seven apartments and the manager’s unit are vacant. Building features include a full basement, a laundry room, and eight parking spaces. A city-required soft-story retrofit has been completed.
The property is half a block from the Four Seasons Hotel and Residences in Beverly Hills.
The property is half a block from the Four Seasons Hotel and Residences in Beverly Hills.
Key Highlights
- Seven apartments plus a separate one‑bedroom manager’s unit
- Unit mix: two singles, two one‑bedrooms, two two‑bedrooms, and one two‑story three‑bedroom
- Six of seven apartments and the manager’s unit are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,529
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,470,580
$2.5M
Cap Rate 7%
$1,764,700
$1.8M
Cap Rate 9%
$1,372,544
$1.4M
Market Conditions
NOI Build-Up for 7,677 SF
Gross rent
$244.1K $31.80/SF
− Vacancy
−$19.5K −$2.54/SF
EGI
$224.6K $29.26/SF
− OpEx
−$101.1K −$13.17/SF
NOI
$123.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,470,580
Cap Rate 7%
$1,764,700
Cap Rate 9%
$1,372,544
Alternative Uses
Best Use
Apartment 5plus
$1.76M
$1.54M – $2.06M
NOI $123,529 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.11M
$3.60M – $4.80M
NOI $287,717 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
12,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 90211, CA
8,260
Population
4,209
Households
2
Avg Household Size
41
Median Age
67%
College-Educated
95%
High-School Grad
0.7 sq mi
ZIP Area
11,800
Density / Sq Mi
$118,125
Median Household Income
$62,061
Median Earnings
$2,815
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - A mix of apartment layouts is complemented by basement space, a laundry room, and on-site parking.
Where is this apartment building located?
The property is located at 314 N Almont Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Seven apartments plus a separate one‑bedroom manager’s unit; Unit mix: two singles, two one‑bedrooms, two two‑bedrooms, and one two‑story three‑bedroom; Six of seven apartments and the manager’s unit are vacant
