8-Unit Apartment Building with
New
For Sale
$3,895,000
9930 Durant Dr, Beverly Hills, CA 90212
Large floor plans, central heating and air conditioning, and on-site laundry serve a varied mix of apartment layouts.
Property Size11,334 SF
Price / SF$343.66
Days on Market5
Property Features for 9930 Durant Dr
General Information
Standard status
Active
Size
11,334 SF
Elevators
Yes
Property subtype
MULTI_FAMILY
Units
Unit Mix
6 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units
8
Additional Details
Road Access
Yes
Amenities
fireplaces
private balconies
central heating and air conditioning
on-site laundry facility
Building Details
Building Size
11,334 SF
Year Built
1960
Listing Agency:
Remax Commercial and Investment Realty
Listed By:
Jonathan Taksa · License #01366169
(213) 817-1000
Source:
Milsteinestates
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:46PM
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 Remax Commercial and Investment Realty
Investment Insights
Based on property information with market context.
Built in 1960, this Beverly Hills apartment building contains 8 residences totaling approximately 11,334 square feet. The unit mix comprises six two-bedroom, two-bath apartments and two one-bedroom, one-bath apartments. Interior features include fireplaces, high ceilings, generous kitchens, and private balconies; central heating and air conditioning serve the units. The property also has an elevator, on-site laundry, and ample on-site parking.
Capital improvements include a completed soft-story seismic retrofit, an updated main electrical panel, elevator modernization, and a newer roof. The building is located near Beverly Hills High School, The Peninsula Beverly Hills, Century City, and One Beverly Hills.
Capital improvements include a completed soft-story seismic retrofit, an updated main electrical panel, elevator modernization, and a newer roof. The building is located near Beverly Hills High School, The Peninsula Beverly Hills, Century City, and One Beverly Hills.
Key Highlights
- 8 apartments totaling approximately 11,334 square feet
- Six two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units
- Central heating and air conditioning throughout the units
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
$182,373
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
4.68%
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%
$3,647,460
$3.6M
Cap Rate 7%
$2,605,329
$2.6M
Cap Rate 9%
$2,026,367
$2.0M
Market Conditions
NOI Build-Up for 11,334 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
$360.4K $31.80/SF
− Vacancy
−$28.8K −$2.54/SF
EGI
$331.6K $29.26/SF
− OpEx
−$149.2K −$13.17/SF
NOI
$182.4K $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%
$3,647,460
Cap Rate 7%
$2,605,329
Cap Rate 9%
$2,026,367
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.04M
NOI $182,373 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,773 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15,140
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Large floor plans, central heating and air conditioning, and on-site laundry serve a varied mix of apartment layouts.
Where is this apartment building located?
The property is located at 9930 Durant Dr Beverly Hills, CA.
What is the asking price?
The asking price for this property is $3,895,000.
What are key features of this property?
This property features: 8 apartments totaling approximately 11,334 square feet; Six two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units; Central heating and air conditioning throughout the units
