429 Shirley Place

Beverly Hills, CA 90212

$3,950,000
Price
7
Beds
6
Baths
5,660 Sq. Ft.
$698 / Sq. Ft.
5,660
Sq. Ft.
$698
per Sq. Ft.

Description

Up for sale is a 5-unit apartment building just south of Olympic and East of Century Park East. The property shows pride of ownership and has recently been renovation. There is rental upside for the astute investor or manager. The subject property is within the jurisdiction of the Beverly Hills School District and well amenitized neighborhood with many shops, restaurants, and 5-star hotels.Up for sale is a 5-unit apartment building just south of Olympic and East of Century Park East. The property shows pride of ownership and has recently been renovation. There is rental upside for the astute investor or manager. The subject property is within the jurisdiction of the Beverly Hills School District and well amenitized neighborhood with many shops, restaurants, and 5-star hotels.
  1. Listed by Hugh Martinez • DRE #01915270 • Brokerage DRE #01915270 • Hugh Martinez

Property Details for 429 Shirley Place

Water Front
None
Zoning
BHR4YY
Style
French
Cross Streets
Olympic/Spaulding
Parcel Number
4330001011
Total Units
4.0
Living Area
5660
Source Living Area
Vendor Enhanced
LISTING UPDATED: 09/16/2024 11:45 AM

Property Details for 429 Shirley Place

StatusActive
MLS #24-394711
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.17 AC / 7,580 SF
CountyLos Angeles County

Building Information for 429 Shirley Place

Stories2Residences-Year Built1939Building Size-Lot Size0.17 AC / 7,580 SF

Property Information for 429 Shirley Place

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: None
  • Direction Faces: East
  • Property Condition: Additions/Alter
  • Water: District
  • Sewer: On Site, In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: Yes
  • Water Heater Features: Central Water Heater, Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash To New Loan, Cash, Conventional, New
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $197,880
  • Net Operating Income: $128,622.00
  • Gross Income: $197,880
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $22.00
  • Actual Annual Gross Rent: $197,880.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.174
  • Lot Size Square Feet: 7580
  • Lot Size Dimensions: 120x115
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Location: City, Alley Access
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Flooring: Hardwood
  • Equipment: Range/Oven, Refrigerator
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Marble Counters, Tile Counters
  • Common Walls: Attached
  • Cooking Appliances: Oven-Gas, Cooktop - Gas
  • Laundry: Other
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Asphalt
  • Sprinklers: None
  • Entry Location: Ground Level w/steps
  • Windows: Bay Window, French Windows
  • New Construction: No
  • Construction Materials: Frame
  • Exterior Construction: Frame
  • Other Structural Features: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $6,500.00
  • Unit Actual Rent: $6,500.00
  • Unit Projected Rent: $6,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,191.00
  • Unit Actual Rent: $3,191.00
  • Unit Projected Rent: $3,191.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,363.00
  • Unit Actual Rent: $2,363.00
  • Unit Projected Rent: $2,363.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $2,228.00
  • Unit Actual Rent: $2,228.00
  • Unit Projected Rent: $2,228.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,208.00
  • Unit Actual Rent: $2,208.00
  • Unit Projected Rent: $2,208.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $558,395.00
  • Assessed Improvement Percent: 28.63
  • Assessed Land Value: $1,392,089.00
  • Assessed Land Percent: 71.37
  • Assessed Total Value: $1,950,484.00

Property History for 429 Shirley Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 429 Shirley Place

Taxable ValueLand$1,419,930Additions$570,442Total$1,990,372
Tax Record2024$24,824 ($2,069 / month)
Home Facts
Total Finished SqFt5,959 SqFtAbove Grade Finished SqFt5,959 SqFtLot Size7,578 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningBHR4YYCountyLOS ANGELESAPN4330-001-011

Schools near 429 Shirley Place

This home is within Beverly Hills Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 9 to 12
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
El Rodeo Elementary School
PublicK to 5

Beverly Hills High School
Public9 to 12

Moreno High (Continuation) School
Public9 to 12

Good Shepherd Catholic School
PrivatePK to 8

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.

Similar Homes

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429 Shirley Place is a multi-family home for sale in Beverly Hills, CA 90212. This property was listed for sale on July 22, 2024 by Hugh Martinez, it's currently listed at $3,950,000. It has been on the market for a total of 120 days and was last sold on August 2, 2002. This listing's school district is Beverly Hills Unified School District. Nearby schools include El Rodeo Elementary School, Beverly Hills High School and Moreno High (Continuation) School. 429 Shirley Place is a 7-bed, 6-bath, 5,660 sqft multi-family home built in 1939.

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 Hugh Martinez, Hugh Martinez, DRE #01915270

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.