Six-Unit Apartment
447 S Palm Dr Beverly Hills, CA 90212
447 S Palm Dr, Beverly Hills, CA, 90212
$3,595,000
For Sale
$3,595,000
Built in 1954, this six-unit multifamily property offers a mix of one-, two-, and a private-deck three-bedroom unit.
Property Size6,756 SF
Lot Size0.14 Acres
Price / SF$532.12
Days on Market19
Property Features for 447 S Palm Dr
General Information
- Standard status
- Active
- Size
- 6,756 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Los Angeles
(818) 212-2784
Listed by
Michael Sterman · License #License(s): CA: 01911703
(818) 212-2784
Source
Marcusmillichap
Added: Jul 3 Updated: Jul 21 at 1:35AM Checked: Jul 21 at 2:57AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
447 S Palm Dr is a six-unit apartment property built in 1954. The unit mix includes two one-bedroom/one-bath units, three two-bedroom/two-bath units, and one three-bedroom/two-bath unit with a private deck. The three-bedroom unit will be delivered vacant.
The property is located in the Beverly Hills submarket with immediate access to retail and dining along Rodeo Drive and Wilshire Boulevard. It also provides convenient connectivity to Century City and West Hollywood, with access to the I-10 and I-405 freeways.
As presented for sale, this is a six-unit residential income property well suited for ownership with an available unit for an owner-user scenario or for repositioning within the existing mix.
The property is located in the Beverly Hills submarket with immediate access to retail and dining along Rodeo Drive and Wilshire Boulevard. It also provides convenient connectivity to Century City and West Hollywood, with access to the I-10 and I-405 freeways.
As presented for sale, this is a six-unit residential income property well suited for ownership with an available unit for an owner-user scenario or for repositioning within the existing mix.
Key Highlights
- 6‑unit apartment property built in 1954 with approximately 6,756 rentable SF on an approximately 6,078 SF lot
- Unit mix: two 1BD/1BA, three 2BD/2BA, and one 3BD/2BA unit with a private deck
- 3‑bedroom unit will be delivered vacant, offering an owner‑user setup
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.8k | $31.80 |
| − Vacancy | −$17.2k | −$2.54 |
| EGI | $197.7k | $29.26 |
| − OpEx | −$88.9k | −$13.17 |
| NOI | $108.7k | $16.09 |
6,756 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,709 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,200 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1954, this six-unit multifamily property offers a mix of one-, two-, and a private-deck three-bedroom unit.
Where is this apartment building located?
The property is located at 447 S Palm Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 6‑unit apartment property built in 1954 with approximately 6,756 rentable SF on an approximately 6,078 SF lot; Unit mix: two 1BD/1BA, three 2BD/2BA, and one 3BD/2BA unit with a private deck; 3‑bedroom unit will be delivered vacant, offering an owner‑user setup
