Six-Unit Apartment
For Sale
$3,395,000
Pending
439 S Oakhurst Dr, Beverly Hills, CA 90212
Unit mix includes a two-level townhouse alongside residences with updated interiors, central air conditioning, and heating.
Property Size8,300 SF
Days on Market50
Property Features for 439 S Oakhurst Dr
General Information
Standard status
Pending
Size
8,300 SF
Total Parking Spaces
12
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/3BA, 5 x 2BR/2BA
Multifamily Units
6
Building Details
Building Size
8,300 SF
Year Built
1963
Buildings
1
Listing Agency:
Equity Union
Listed By:
Eliyahu Appel · License #01918652
(818) 212-2700
Source:
Carolinakramer
Added: Jul 30
Changed: Aug 31
Last Checked: Sep 16 at 10:34PM
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 Equity Union
Investment Insights
Based on property information with market context.
Built in 1963, this 8,300-square-foot apartment property contains six units: one two-level, three-bedroom, three-bathroom townhouse and five two-bedroom, two-bathroom residences. The townhouse includes a den, updated kitchen and bathrooms, and a private washer/dryer. Three of the five two-bedroom units have refreshed finishes such as quartz countertops, stainless steel appliances, renovated bathrooms, and laminate flooring. Some of these residences also include an in-unit washer/dryer and/or den. Central air conditioning and heating serve all units.
The property provides 12 tandem parking spaces and has a roof updated in 2019. Located at 439 S Oakhurst Dr in Beverly Hills, the building carries a 94 Walk Score and is near dining, shopping, Rodeo Drive, the Golden Triangle, and Beverly Center. The surrounding destinations named in the property information include The Ivy, South Beverly Grill, Honor Bar, Urth Caffé, Chaumont Bakery & Café, and Piccolo Paradiso, along with Spago, Avra, Mastro’s, and Il Pastaio.
The property provides 12 tandem parking spaces and has a roof updated in 2019. Located at 439 S Oakhurst Dr in Beverly Hills, the building carries a 94 Walk Score and is near dining, shopping, Rodeo Drive, the Golden Triangle, and Beverly Center. The surrounding destinations named in the property information include The Ivy, South Beverly Grill, Honor Bar, Urth Caffé, Chaumont Bakery & Café, and Piccolo Paradiso, along with Spago, Avra, Mastro’s, and Il Pastaio.
Key Highlights
- Six‑unit apartment building with 8,300 square feet of building area
- Unit mix includes one 3‑bedroom, 3‑bathroom townhouse and five 2‑bedroom, 2‑bathroom residences
- Three of the five two‑bedroom units feature updated kitchens, bathrooms, and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,554
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,671,080
$2.7M
Cap Rate 7%
$1,907,914
$1.9M
Cap Rate 9%
$1,483,933
$1.5M
Market Conditions
NOI Build-Up for 8,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$263.9K $31.80/SF
− Vacancy
−$21.1K −$2.54/SF
EGI
$242.8K $29.26/SF
− OpEx
−$109.3K −$13.17/SF
NOI
$133.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,671,080
Cap Rate 7%
$1,907,914
Cap Rate 9%
$1,483,933
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,554 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $311,065 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
6,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 90212, CA
11,451
Population
6,107
Households
1.9
Avg Household Size
43
Median Age
74%
College-Educated
98%
High-School Grad
0.9 sq mi
ZIP Area
12,723
Density / Sq Mi
$116,238
Median Household Income
$70,031
Median Earnings
$2,764
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 - Unit mix includes a two-level townhouse alongside residences with updated interiors, central air conditioning, and heating.
Where is this apartment building located?
The property is located at 439 S Oakhurst Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: Six‑unit apartment building with 8,300 square feet of building area; Unit mix includes one 3‑bedroom, 3‑bathroom townhouse and five 2‑bedroom, 2‑bathroom residences; Three of the five two‑bedroom units feature updated kitchens, bathrooms, and laminate flooring
