$ 3,845,000
-
$3,845,000
Price -
2
Bed -
2
Bath -
5,840
SqFt
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About the Listing CLW-X74054 - CLW-C126030
144 N. Clark Drive is a rare opportunity to acquire a fully repositioned 8-unitmultifamily asset located in the heart of Beverly Hills' most desirable residential enclave. Situated on a quiet, tree-lined street just moments from Beverly Drive, Wilshire Boulevard, and Rodeo Drive, the property benefits from exceptional walkability, premier tenant demand, and long-term value stability synonymous with this A+ submarket. The property consists of 8 units totaling approximately 5,840 square feet on a 6,298 square-foot lot, offering a balanced mix of size, density, and livability that appeals to high-quality renters seeking proximity to Beverly Hills' luxury retail, dining, and employment centers. Current ownership has invested over $500,000 in comprehensive renovations across 5 of the 8 units, completing full, high-quality interior upgrades rather than cosmetic improvements. Renovations include modern finishes, upgraded kitchens and bathrooms, updated flooring, fixtures, and systems, with four of the units featuring in-unit washer and dryer. These improvements position the majority of the property at or near top-of-market rental standards for the area. Importantly, three units remain significantly below market, providing a clear and achievable value-add opportunity for a new owner through natural tenant turnover and subsequent renovation. The property offers an attractive blend of stable in-place income with meaningful future upside, making it well suited for both cash-flow-oriented and value-add investors. At current operations, the asset delivers a strong 5.48% capitalization rate, underscoring the durability of the existing income stream in an A+ Beverly Hills location. As the remaining three unrenovated units are repositioned to market levels, the investment is projected to achieve a 8.01% pro forma cap rate, providing substantial yield expansion without the need for additional density or development risk, while already offering a strong return of a 5.48% CAP rate on the current. The property is offered at a 13.20 gross rent multiplier, further supporting its favorable pricing relative to location and quality. The asset is comprised of an 8-unit multifamily building, featuring eight one bedroom, one bathroom units, totaling approximately 5,840 square feet of rentable building area situated on a 6,298 square-foot lot. The property also includes on-site parking, an important amenity in Beverly Hills that enhances tenant demand and long-term value.
Listing Highlights
Status
Active
Days on Site
29
Property Type
Multi-Family
MLS ®
26760111
Year Built
1931
Total Square Footage
5,840
Lot/Acreage
0.14
County
Los Angeles
Area
C01 - Beverly Hills
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Refrigerator, Dryer, Washer
- Air Cond: Central Air,Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 5 car
- Parking Spaces: 5
- Zoning: BHR4YY
- Roof:
- Others: Updated/Remodeled,2+ Total Units
- Sewer:
- Parking Features: Assigned,Covered,Private,One Space,On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4334004038
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
144 N Clark Dr Beverly Hills, CA 90211
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