Property summary
This exceptional investment opportunity presents a meticulously maintained, 36-unit apartment building located at 432 N Palm Dr, Beverly Hills, CA 90210. The property boasts a total of 44,482 square feet, offering a compelling price per square foot of $515.94. Built in 1963 and extensively renovated between 2000 and 2024, this five-story building sits on a desirable R4 zoned lot. Currently operating at 100% occupancy (as of October 20, 2024), the property generates a strong net operating income (NOI) of $780,000, resulting in a 3.40% cap rate. The asking price is $22,950,000, translating to $637,500 per unit. Each unit enjoys ample space and the benefit of 1.3 parking spaces. Building amenities include controlled access, gated parking, a swimming pool, and a rooftop sundeck featuring two penthouse units with panoramic city views. This stabilized investment offers significant upside potential through rental increases. The property is owned as a California limited partnership. This is a rare opportunity to acquire a trophy asset in a prime Beverly Hills location.
Property profile
VerifiedCap rate & NOI
Current use
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Apartment Building
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High School
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Alternative Medicine Practice
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Consultant Professional Services
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Film Production
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
BHR4* · Beverly Hills, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for BHR4* in Beverly Hills, CA.
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