318 North Oakhurst Drive

Beverly Hills, CA 90210

$5,800,000
Price
17
Beds
15
Baths
13,470 Sq. Ft.
$431 / Sq. Ft.
13,470
Sq. Ft.
$431
per Sq. Ft.

Description

Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under...Century Park Realty Inc. is proud to present 318 N Oakhurst Drive, a prime 7-unit, 4 story, multifamily investment opportunity situated in the most desirable multifamily pocket of Beverly Hills and Listed at just $431 PER SQUARE FOOT! Totaling 13,470 square feet on approximately 7,500 square feet of land zoned BHR4 and LAR4. The entire top floor features a luxurious single story Penthouse, with direct elevator access spanning +/- 5,300 square feet. The PH floor underwent a $660K renovation under the supervision of an ASID designer, making it one of the largest single-floor luxury penthouse apartments in Beverly Hills. The other six (6) units are all well apportioned 2 bed and 2 bath units. The property is currently 100% leased, providing robust cash flow to an investor, while also presenting a value-add component for future enhancements. The building is separately metered for electricity and features a central water meter. The property has unique zoning in that it sits between Beverly Hills and Los Angeles. As such, permits for renovations can be obtained in either city while the property benefits from all the Beverly Hills city services, like K-12 schools, Police and Fire Departments. Rarely do such well-maintained secured access buildings become available in this submarket. This is only the second time 318 N Oakhurst Drive is available for purchase since its construction in 1969. This generational legacy asset is ideally positioned just north of Burton Way and west of Doheny, only one block from the Four Seasons and of a mile from the Beverly Hills City Hall, Police Department and renowned dining on Canon Drive and shopping along Beverly and Rodeo Drives. Melrose/Robertson, Cedars Sinai Medical Center, and the Beverly Center are just a half mile away.
  1. Listed by Jordan Rubinstein • DRE #01736033 • Brokerage DRE #01736033 • Century Park Realty, Inc.

Property Details for 318 North Oakhurst Drive

Zoning
LAR4
Parcel Number
4335015004
Total Units
7.0
Living Area
13470
Source Living Area
Assessor
Area
Beverly Hills (C01)
Vacancy Rate
0
Lot Size Area
7497
LISTING UPDATED: 10/22/2024 12:01 AM

Property Details for 318 North Oakhurst Drive

StatusActive
MLS #24-452575
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.17 AC / 7,497 SF
CountyLos Angeles County

Building Information for 318 North Oakhurst Drive

Stories4Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,497 SF

Property Information for 318 North Oakhurst Drive

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: 2/2 and PH
  • Security Features: Card/Code Access
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $337,944
  • Net Operating Income: $228,132.00
  • Gross Income: $2,636
  • Cap Rate: 3.93%
  • Gross Rent Multiplier: $16.20
  • Actual Annual Gross Rent: $355,308.00
  • Other Income1: $897.00
  • Laundry Income: $1,739
  • Actual Rent Total: $335,308.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water, Gardener, Gas, Other
  • Total Annual Expense: 129812
  • Expense Operating Percent: $37.00
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1238
  • Lot Size Square Feet: 7497
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Direct Entrance, Community Garage, Tandem, Side By Side, Gated
  • Total Parking: 14
  • Parking Features: Direct Garage Access, Community Structure, Tandem Garage, Side by Side, Gated
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate, Vinyl Plank, Vinyl, Carpet
  • Equipment: Elevator, Dishwasher, Refrigerator
  • Laundry: Community, In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Entry Location: Foyer
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $10,000.00
  • Unit Actual Rent: $10,000.00
  • Unit Projected Rent: $11,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,268.00
  • Unit Actual Rent: $19,609.00
  • Unit Projected Rent: $24,500.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $939,658.00
  • Assessed Improvement Percent: 40.91
  • Assessed Land Value: $1,357,289.00
  • Assessed Land Percent: 59.09
  • Assessed Total Value: $2,296,947.00

Property History for 318 North Oakhurst Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 318 North Oakhurst Drive

Taxable ValueLand$496,971Additions$283,977Total$780,948
Tax Record2024$9,908 ($826 / month)
Home Facts
Total Finished SqFt13,470 SqFtAbove Grade Finished SqFt13,470 SqFtLot Size2,107 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningBHR4*CountyLOS ANGELESAPN4335-015-003

Schools near 318 North Oakhurst Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Rosewood Avenue Elementary School
PublicK to 5

West Hollywood Opportunity School
Public7 to 12

Fairfax Senior High School
Public9 to 12

West Hollywood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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318 North Oakhurst Drive is a multi-family home for sale in Beverly Hills, CA 90210. This property was listed for sale on October 14, 2024 by Century Park Realty, Inc., it's currently listed at $5,800,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, West Hollywood Opportunity School and Fairfax Senior High School. 318 North Oakhurst Drive is a 17-bed, 15-bath, 13,470 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century Park Realty, Inc., Jordan Rubinstein, DRE #01736033

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.